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Originally Posted by OU812
Looks like they're building a 3 story Dillards @ The Domain. LOL is this really necessary right now? More generic big box department stores?? Especially chains that are already all over Austin?
I would rather see some high rise office buildings there- like in the range of 15, 20, 25 stories or more. But I guess Austin's office market demand is usually never anything like San Antonio, Dallas, and Houston's: which are filled with high rise office bldgs (many outside of the downtown core).
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There are three other Dillard's in the city of Austin (Barton Creek Square, Highland, and Lakeline malls). A fourth is in the Hill Country Galleria in Bee Cave. That's hardly all over Austin, and you certainly don't have to shop there.
There is, and has been millions and millions of square feet of office space built and under construction in Austin the last few years, almost entirely outside of downtown. As a matter of fact, there is a major office building u/c at the Domain currently. Just because they're midrises doesn't mean that this market hasn't added a lot of new office space.
Austin's office market is nothing like Dallas and Houston's, as they are huge business centers. However, Austin (34 million square feet) has more office space than San Antonio (23 million square feet), so I don't know why you would include that city with the others.
http://recenter.tamu.edu/mreports/AustinRRock.pdf
http://recenter.tamu.edu/mreports/SanAntonio.pdf