DENSITY AT THE DOMAIN
think construction around us has stopped since,” Shields said. “We de nitely were the rst mover, and it was always the thought process that it would catalyze further development.” The Domain is now home to more than 5,000 multifamily residential units and about 3.5 million square feet of o ce space. Mike Brown, a residential architect, rst moved to North Austin in 1991. He said in the years since The Domain was built, the area has changed in a vari- ety of ways, including worsening tra c, increased building and residential density, and real estate prices appreciating. Still, Brown said he enjoys the atmosphere the development provides residents. “Me being an architect, I of course like seeing things built—that’s my business,” Brown said. “I absolutely love to see the new stu come up, all of the new con- temporary buildings and all the new structures.” Rising development Now, years after the retail phases of The Domain have been built, growth in the area has shifted back to the development of o ce space and high-rise multifamily apartment buildings. “The change that’s happened at The Domain in the last 11 years is, it’s gone from primarily a multi- family and retail development to a very active and vibrant Class A o ce building market,” said John Kiltz, managing partner at Stonelake Capital Part- ners, which purchased 33 acres in the southeast cor- ner of The Domain in 2011. On its land, which houses the IBM Domain 45 building, Stonelake has built three o ce buildings, two multifamily projects and a 2,400-car parking garage, Kiltz said. Additionally, the real estate pri- vate equity rm has acquired permitting and design plans for twomore o ce buildings—Domain Tower 3 and Domain Tower 4. Cousins Properties, another stakeholder at The Domain, owns 11 o cebuildings, includingDomain9, which is under construction at the northwest corner of Palm Way and Alterra Parkway. Altogether, Cous- ins’ Domain properties total nearly 2.5 million square feet and house tenants such as Meta. Similarly, additional apartment complexes and 55-plus active living communities have gone in such as Maravilla at the Domain and Overture Domain. This has added to the higher density in North Austin. Data from the U.S. Census Bureau 2020 American Community Survey shows ZIP code 78758
has the largest population of the six ZIP codes in Community Impact Newspaper’s Northwest Austin coverage zone. The population of ZIP code 78758 increased from 43,577 in 2011 to 50,575 in 2020, a 16.06% change, according to ACS data. Density concerns have largely been mitigated by the connectivity of the area with MoPac, US 183 and Loop 360 serving the area, Kiltz said. These major transportation routes, which serve both north-south and east-west tra c make The Domain attractive to customers and corporate tenants. Shields said the continued growth is a realization of the vision Simon and other developers always had for the property. “It’s a location that draws regionally. It’s quite easy to get to; it’s very accessible,” Shields said. “And, over time, with the amount of development around it, you also have a captive audience as well as the customers who come to the site from through- out the region.” Far frombuild-out Growth at The Domain has started expanding beyond its original boundaries, spilling east of Bur- net Road and south of Braker Lane, a trend Kiltz said will only continue. In late 2021, Brandywine Realty Trust broke ground on Uptown ATX, a 66-acre, $3 billion proj- ect located across from The Domain at 11501 Burnet Road. Brandywine purchased the site, formerly known as the IBM Broadmoor campus, from the international technology company in 2015. Construction on Phase 1 of 3—dubbed One Uptown—is underway and will include 341 apart- ment units, 348,000 square feet of o ce space and 15,000 square feet of rst- oor retail. Bill Redd, executive vice president and senior man- aging director for Brandywine, said Uptown ATX’s shopping options will add value to the area. “We’re not going to be a big-box retail destina- tion,” Redd said during the North Austin Growth Summit. “So we won’t be competing in that area at all. We hope to be complementary so that we become an amenity base, not only for ourselves but for the main areas as well.” Karlin Real Estate and Ironwood Real Estate are also developing a site near Q2 Stadium in partnership with Austin FC. The 6-acre site will bring a sports-en- tertainment district with a mix of uses, including
The 78758 ZIP code, which includes much of North Austin between MoPac and North Lamar Boulevard, and includes The Domain, is the most populated Northwest Austin ZIP code.
The Domain
2020 POPULATION BY ZIP CODE:
78726: 13,304 78727: 31,856
78729: 27,707 78750: 33,860
78758: 50,575 78759: 45,901
45 TOLL
78729
620
MOPAC
78727
78726
78759
78750
360
78758
2222
183
N
35
SOURCE: U.S. CENSUS BUREAU 5 YEAR ANNUAL COMMUNITY SURVEY COMMUNITY IMPACT NEWSPAPER
retail, residential, o ce space and a hotel. O cials with the Domain and Domain Northside said as the area changes, so will retail options. Northwood, Simon, Stonelake and Cousins are just some of the property owners at The Domain. Kiltz said the fact so many developers want to be involved in The Domain is a good sign. “I think [The Domain] is going to continue to get more and more dense,” Kiltz said. “There’s going to be a lot of development around The Domain—the Uptown ATX project, the projects that are around the stadium, the conversion of older warehouses that are east of The Domain into multifamily prop- erties, and hotels and entertainment areas will con- tinue to make it a larger and larger area for business and retail and residential.”
For more information, visit communityimpact.com .
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NORTHWEST AUSTIN EDITION • APRIL 2022
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