Developers have started work on Domain Tower, an 11-story building that will bring 310,000 square feet of space to market when it opens in early 2018.
Stonelake Capital Partners and HPI Real Estate Services & Investments are developing the project, which will be at 10721 Domain Drive, at the entrance to the Domain development off MoPac Boulevard in North Austin. Domain Tower will be the first office building at the Domain from a developer other than Austin-based Endeavor Real Estate Group, the original developer of the Domain.
“As the Austin economy continues to expand, we are seeing strong demand from companies looking for newly constructed Class-A office (space) to elevate their corporate brand and attract talented professionals,” said Kenneth Aboussie, Stonelake’s managing partner.
Initial interest is coming from prospective tenants in the technology and financial services industries, the developers said. They are not disclosing the cost of the project.
J.P. Morgan is the construction lender for Domain Tower, and BOKA Powell is the architect. Among other features, the building will have outdoor terraces for company events; a tenant lounge and conference areas that open onto a landscaped terrace allowing tenants to work outdoors; a fitness center; a food truck area, a parking garage and an on-site concierge. There also will be shuttle service throughout the Domain, which is home to many retailers, restaurants, entertainment venues, hotels, offices, apartments, and other development.