Development
BY GRACE DICKENS
Apartment site near The Domain slated for redevelopment
Plans are in motion to turn a Domain-area apartment complex into a high density, mixed-use development with retail space, multifamily units and hotel rooms after Austin City Council approved zoning changes for the property in September. In a nutshell Situated on the property in question is Studio Domain, an apartment complex on 3.07 acres at 2700 Gracy Farms Lane, Austin. Prior to its change in use earlier this spring, the site was home to an Extended Stay America hotel, accord- ing to city development documents. The approved rezoning request from construc- tion company Krea indicates plans to repurpose the plot of land for a mixed-use development with 350 multifamily housing units and 210 hotel rooms. Additionally, the plans call for 20,000 square feet of ground- oor retail space. Diving in deeper Per the zoning documents, the rezoning and future land use map amendments approved by City Council on Sept. 12 converted the property from a mixed-use “neighborhood residential subdistrict” to a high-density “commercial mixed- use midway zone subdistrict.” Each of these subdistricts are part of the North Burnet-Gateway Regulating Plan, intended to guide development in the area. At its core, this change enables developers to increase building density on the property and have it act as a bridge between residential areas surrounding The Domain and commercial activity within The Domain, according to the zoning documents.
MOPAC
The proposed project
350 multifamily units
20K square feet of ground- oor retail space 210 hotel rooms
Gracy Farms Retail Center
Project site (currently Studio Domain apartments)
Building height
New height restriction 350 ft.
The Domain Tower 2 308 ft.
Existing height restriction 60 ft.
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SOURCE: CITY OF AUSTIN COMMUNITY IMPACT
directly to the Gracy Farms Retail Center housing Phoebe’s Diner, Taco Deli and more. More information on site plans, a redevelop- ment timeline or other details about the redevel- opment were not available as of press time. Property owner Krea and its representative Drenner Group did not respond to requests for comment as of publication.
The lot’s previous zoning allowed up to 60-foot high buildings, but the updated zoning permitted under the North Burnet-Gateway plan permits up to 350-foot high buildings, per the development documents. For comparison, the tallest building in The Domain is Tower 2, standing at 308 feet and 24 stories, according to developers Stonelake Capital Partners. The 2700 Gracy Farms Lane site connects
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