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The Domain (Austin, Texas)
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The Domain (Austin, Texas)
The Domain is a high-density office, retail, and residential center in northwest Austin, Texas, United States that has been described as being "Austin's second downtown." It primarily consists of 5-over-1 construction. The initial phase of the project was completed in March 2007.
It is owned and operated by Endeavor Real Estate Group, Cousins Properties, Simon Property Group, and Stonelake Capital Partners. It is bordered on the west by Union Pacific Railroad, on the west and north by Loop 1, on the south by Braker Lane, and on the east by Burnet Road.
As of April 2022, The Domain has more than 5,000 apartment units and about 3.5 million square feet of office space.
On December 10, 1966, IBM unveiled its intentions to build a 200,000 sqft manufacturing plant for the IBM Selectric typewriter on the land that currently houses The Domain. The plant opened on July 31, 1967 with 500 employees.
In July 1989, after three decades of expansion in Austin, IBM announced its intentions to build 1 million sqft of office space east of Burnet Rd on the property now known as Uptown ATX. By this time IBM occupied 543 acres and had more than 7,000 employees in Austin, the majority of which worked on the IBM PS/2.
In December 1999, IBM sold off 235 acres of land that would eventually become The Domain for US$60 million and leased back more than half of the 2.5 million sqft office space that the property by then had. An additional 70 acres came from Multech (whose land had been purchased from IBM in 1997). Buying the land was Endeavor Real Estate Group with the financial assistance from Blackstone Group and JER Partners. The initial plan had been to create a campus for the dot-com industry but those plans fell through when the dot-com bubble burst.
In 2003, the Simon Property Group and the Endeavor Real Estate Group entered into a collaborative partnership to develop Phase I of The Domain's retail area. 2004 saw the demolition of Century Oaks Park, a multi-purpose recreational facility for IBM employees and their families, and the start of construction on the initial 57 acres (23 ha) Domain: Phase I.
Additional land for The Domain was reclaimed from vacant IBM manufacturing and administrative buildings, as well as driveways and parking lots that were once part of the original IBM campus.
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The Domain (Austin, Texas)
The Domain is a high-density office, retail, and residential center in northwest Austin, Texas, United States that has been described as being "Austin's second downtown." It primarily consists of 5-over-1 construction. The initial phase of the project was completed in March 2007.
It is owned and operated by Endeavor Real Estate Group, Cousins Properties, Simon Property Group, and Stonelake Capital Partners. It is bordered on the west by Union Pacific Railroad, on the west and north by Loop 1, on the south by Braker Lane, and on the east by Burnet Road.
As of April 2022, The Domain has more than 5,000 apartment units and about 3.5 million square feet of office space.
On December 10, 1966, IBM unveiled its intentions to build a 200,000 sqft manufacturing plant for the IBM Selectric typewriter on the land that currently houses The Domain. The plant opened on July 31, 1967 with 500 employees.
In July 1989, after three decades of expansion in Austin, IBM announced its intentions to build 1 million sqft of office space east of Burnet Rd on the property now known as Uptown ATX. By this time IBM occupied 543 acres and had more than 7,000 employees in Austin, the majority of which worked on the IBM PS/2.
In December 1999, IBM sold off 235 acres of land that would eventually become The Domain for US$60 million and leased back more than half of the 2.5 million sqft office space that the property by then had. An additional 70 acres came from Multech (whose land had been purchased from IBM in 1997). Buying the land was Endeavor Real Estate Group with the financial assistance from Blackstone Group and JER Partners. The initial plan had been to create a campus for the dot-com industry but those plans fell through when the dot-com bubble burst.
In 2003, the Simon Property Group and the Endeavor Real Estate Group entered into a collaborative partnership to develop Phase I of The Domain's retail area. 2004 saw the demolition of Century Oaks Park, a multi-purpose recreational facility for IBM employees and their families, and the start of construction on the initial 57 acres (23 ha) Domain: Phase I.
Additional land for The Domain was reclaimed from vacant IBM manufacturing and administrative buildings, as well as driveways and parking lots that were once part of the original IBM campus.
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