Luxe Austin Homes - the domain

"Multiple new multifamily projects on tap, from The Domain to South Congress"

While deliveries of multifamily projects in the Austin area have been forecast to decline in the coming years, some are still being planned.

From The Domain to South Congress Avenue, developers have projects on tap ranging from townhome complexes to mid-rise apartment buildings, according to three site plan applications filed with the city. They're in the works at a time when uncertainty swirls around the metro's multifamily market and a number of other projects have been canceled or delayed.

Multifamily vacancy came in at 15.5% in April, according to ApartmentData.com, an elevated level that's a concern for developers and property managers because high vacancy rates lead to lower rental rates and less new development as investors hesitate to…

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"Famous Austin mall unveils luxury renovations to its domain through 2025"

Culture Map Austin writes, "despite already being one of the sleeker areas in Austin, The Domain is getting a facelift. The giant outdoor mall and residential area is planning a multi-phase, multimillion-dollar renovation over the next two years.

The Domain has been around longer than many Austinites may realize, given how fast stores, workspaces, and restaurants are popping up in the surrounding area. But after 15 years, it's time to do some maintenance, starting with the exterior facades.

According to a news release, the goal of this first phase is to make sure the exterior holds up to the caliber of luxury shops The Domain is now attracting. This may not mean much for the casual observer, but people who for live, work, or shop at The Domain,…

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"Family-owned developer plans North Austin townhomes"

Austin Business Journal shares, "luxury townhomes could soon be coming to North Austin from a local, family-owned builder and developer.

Cedar Park-based PrimeHaven Homes LLC is navigating the permitting process for its Sonora project on Kramer Lane but leaders hope to break ground at the start of 2024, said Naeem Mahesania, one a partner in the company.

Sonora would rise on four acres at 1517 Kramer Lane and 10620 Macmora Road. Each lot is occupied by a single-family dwelling, and the homeowner at 1517 Kramer also operated a chiropractic office on the property.

"The homeowner was a chiropractor for our family, and we’ve been asking him to sell it to us for years," Mahesania said. "Finally, he decided to retire this year, and I’m thankful he…

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"IBM finds new Austin home"

Austin Business Journal reports, "IBM Corp. has lined up a new home in Austin — it should be move-in ready in 2027.

Big Blue, which back in September solicited proposals for a new office hub in the Texas capital, has decided to move into a newly proposed development by Hines at the northern tip of The Domain, said Joanne Wright, an IBM senior vice president. It has leased space in two 14-story towers proposed on the site of a La Quinta Inn and Suites at 11901 N. MoPac Expy. — not far from IBM's current campus at 11501 Burnet Road.

It will mean a new home in Austin for IBM (NYSE: IBM), one of the original big tech employers in the city, and its roughly 6,000 employees.

IBM is leasing about 320,000 square feet, out of the project's 500,000…

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"Even in a constrained economy, North Austin is epicenter of Central Texas' growth"

Austin Business Journal writes, "of all the great parts of this great city, I’m going to say North Austin is in the middle of it all — literally and figuratively.

Take a look at our metro on a map. It’s top heavy — always has been. The bulk of the action is far north of the river and downtown, and every indicator we have says it will continue to be that way in our lifetimes. The Domain area, aka Austin’s second downtown, is the geographic center of the developed Austin metro area, thanks to Williamson County’s housing boom. Downtown Austin is actually on the southern end of our built-out metro.

A new center of gravity

Some experts have told me that The Domain area could eventually eclipse downtown Austin in size, weight and height. That…

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"These towers could raise the bar for North Austin's skyline"

Austin Business Journal writes, "while The Domain and its surroundings are often referred to as Austin’s second downtown, buildings there have never reached the heights of the Central Business District. But that may be starting to change.

In February, Austin City Council approved revised building regulations for the region known as North Burnet/Gateway that allow for denser and taller construction up to 491 feet, or about 45 stories. The previous limit was 360 feet.

While some towers were already planned to reach 300 feet in this area, more recent projects are stretching toward the new upper limit of construction,

"They are responsive to energetic growth in this area of my district," said Council Member Leslie Pool, who represents District 7,…

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