Your daily dose of Austin
Smartphone image
×
Make your inbox more Austin.
Local news and fun, every day 6am.
Area by the Domain adds 19-story office tower

Rendering of Kilroy's 19-story tower by the Domain. (Kilroy Realty Corp.)

One of the tallest towers in northwest Austin may soon sit just a block from the Domain.


California-based real estate investment firm Kilroy Realty Corp. bought a 2.9-acre site at Braker Lane and Burnet Road for $40 million. It is planning for a 19-story office tower that will be one of the tallest in the area.

A shareholder presentation notes the company expects to start construction mid-year 2022. The building will include nine floors of office space, ground floor retail space and outdoor terraces. Plus 12 floors of parking, with three underground.

The company called the Domain one of Austin’s most coveted locations for companies, and joins a host of others in or near the shopping center, including Meta, Indeed and Expedia. Plus, Amazon with its expansion set to add more than 2,000 jobs in the coming years.

Kilroy celebrated how the tower, which is scheduled to be completed in 2024, will get the company to ownership of about 1.2 million square feet in Austin.

“We are thrilled to make another off-market acquisition in Austin and bring a world-class development to the Domain,” CEO John Kilroy said.

The company also boasted nearby amenities like the Q2 Austin FC stadium, the mall and the future McKalla light rail stop that will connect Northwest Austin through Downtown.

Kilroy had previously bought the tallest downtown office tower, the Indeed Tower on West 6th Street, for $580 million.

Popular

Election guide: Early voting begins for the Texas primary runoff

(Austonia)

May's second election is here, in which voters will decide on the candidates to represent their party in the November general election after the winner in some March primary races was unclear.

Keep ReadingShow less
Celebrity map: Meet the 'Most Wikipedia'ed' residents in Texas

Texas has been home to some of the country’s biggest celebrities of all time—think Amarillo resident Georgia O'Keeffe, Lubbock’s Buddy Holly and Corpus Christi’s famous singer Selena.

Keep ReadingShow less