[Urbannizer]

Speaking of the Burnet Rd corridor:

More high-rise homes, offices and shops set to go vertical near The Domain in Austin

Next year will be huge for Capella in Austin. The company is headed full tilt into the mixed-use sector, spanning from Leander to Smithville.

But the main event is likely the proposed office, retail and residential project envisioned for the southeast corner of West Braker Lane and Burnet Road.

Capella secured about three acres of highly coveted land behind the existing Discount Tire facility at 2623 W. Braker Lane. The company hired two notable names to manage the development process — Kimley-Horn engineering and Page, the Austin-founded architecture firm that recently delivered the new Dell Medical School at the University of Texas.

Buildout of the mixed-use project could easily top $200 million, Capella executives said. Plans are being finalized and will be submitted to the city soon.

Providing a highly amenitized plan is essential to success. As currently configured, the project will have 250,000 square feet of office space, more than 300 apartments that will be differentiated by design from other complexes in the area, and retail to support residents and employees.

Groundbreaking is projected by the end of 2018 with delivery likely in 2020.