More info on the Broadmoor development adjacent to the Domain in North Austin. The Domain is already touting itself as "Austin's 2nd downtown". At least in height, it's on its way to becoming Austin's truly defined 2nd skyline with several 200 footers - the first outside of the downtown and UT Campus/West Campus area.
Adjacent to the Domain is the old IBM campus with a handful of high rises with 1.1 million square feet. Brandywine Realty Trust plans to seek a rezoning of that area for increased density. Total buildout is seeking building heights up to 360 feet. Those would be the tallest outside of downtown by far at the moment. The tallest plan for the Domain at the moment is 248 feet, but those haven't started yet. 360 feet tall would have been the 3rd tallest in the city just 15 years ago. It would have been unheard of then to imagine something that tall outside of downtown. Today is the first time I've seen the maxed out plan for the square footage, and it's a bit of a surprise. They have entitlements for up to 8 million square feet of office, hotel, residential and retail space, but this says they could seek additional entitlements for 17.4 million square feet. That would suggest a total of 25 million square feet of space just in the Broadmoor development alone. That's without considering all the space at the Domain next to it. With that amount of space, nevermind the height, it would be a true 2nd downtown. CapitalMetro also wants a metro rail station in the development. The rail stop would connect the Broadmoor development to downtown some 8 miles to the south.
https://www.bizjournals.com/austin/n...-to-build.html
Quote:
Brandywine close to winning key rezoning to build denser, higher on North Austin campus occupied by IBM
But there's a catch involving a train station
By Marissa Luck – Staff Writer, Austin Business Journal
4 hours ago
Brandywine Realty Trust has big plans for the 66-acre North Austin campus occupied by IBM Corp., and it is close to clearing a major hurdle toward realizing that vision.
Brandywine (NYSE: BDN) is asking the city to rezone the site at 11501 Burnet Road, home to IBM's 1.1 million square feet of office space. Brandywine owns the site and hopes to redevelop it into a high-density, mixed-used project with the potential for office, hotel, residential and retail space a stone’s throw away from The Domain.
The Pennsylvania-based real estate firm wants the city to rezone the area from commercial mixed use to a transit-oriented development/gateway. Once the site is in the new subdistrict, Brandywine can then seek density bonuses that would allow it to build up to 360 feet tall, up from the 120 feet currently allowed, according to city documents. It would increase the floor-to-area ratio — which determines how much square feet of space can be built on the property — from 5:1 to 8:1, according to a letter submitted to the city by Brandywine's attorney, David Anderson of the Drenner Group. And the zoning change would allow for up to 80 percent impervious cover, documents show.
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