New Tower Proposed in the Domain Austin

Downtown isn’t the only part of Austin getting a new tower.  We recently learned that HPI (a commercial real estate company) is looking to build a 300,000 sf, 11-story office building with an adjacent 7-story parking garage near the Domain up in north Austin. The building will be next the IBM 45 building in the Domain.

There are only a few towers up that way, including the Tower of the Hills office building (10 stories, at 1309 Research Boulevard), The Arboretum Plaza buildings, and the up-coming Domain 8 office tower (plus a few more). The recently completed Domain 7 office building is 6 stories.

Here’s what we know:

• Address = 10725 Domain Drive (just west of the intersection at Braker and Burnet, off of Domain Parkway)
• Lot = 4.57 Acres (~199,000 sf) – the southeastern part of a much larger existing lot, currently used as a parking lot for the nearby IBM 45
• Building Coverage = 115,344 sf
• Proposed structure (s) =  ~300,000 sf
• Proposed access = Domain Parkway
• Number of stories = 11 stories, with a 7 story parking garage adjacent to the tower