Domain/North Austin Development Updates

[drummer]

Random thought/question - Are there any plans to change Brockton Dr. to line up with a kinda-sorta grid? I would love to see Experanza Crossing punch down to Q2 Stadium, for instance.

[Syndic]

Originally Posted by drummer

Random thought/question - Are there any plans to change Brockton Dr. to line up with a kinda-sorta grid? I would love to see Experanza Crossing punch down to Q2 Stadium, for instance.

If the master plan is binding, then yes, there are plans to expend Aguilar St north to connect it with Brockton. I think it's only required if someone redevelops there however? I honestly can't see the McDonald's, Taco Bell, Weinerschnitzel, and car wash lasting very long, with everything going on over there.



God it would be nice to make this area more of a grid. Nothing's more satisfying than fixing car-centric suburbia.

[Novacek]

Originally Posted by Syndic

If the master plan is binding, then yes, there are plans to expend Aguilar St north to connect it with Brockton. I think it's only required if someone redevelops there however? I honestly can't see the McDonald's, Taco Bell, Weinerschnitzel, and car wash lasting very long, with everything going on over there.



God it would be nice to make this area more of a grid. Nothing's more satisfying than fixing car-centric suburbia.

That particular slide is more an example/conceptual, not required.

The required new streets and their connections are on Figure 1-3 in the regulating plan

https://www.austintexas.gov/sites/de...g_reg_plan.pdf

[Syndic]

Word. Maybe this is one of the updates the city will make to the plan because McKalla Place is definitely not going to connect to Brockton anymore. My guess is still Aguilar.

[Novacek]

Originally Posted by Syndic

Word. Maybe this is one of the updates the city will make to the plan because McKalla Place is definitely not going to connect to Brockton anymore. My guess is still Aguilar.

The white spaces are technically not part of the NBG planning (UT explicitly asked that their land not be included, for instance). The city's McKalla property was the same (it still had LI zoning before Q2 went in. So the extension of Aguilar through there was not enforced by the plan. It still exists in practice because the new roads around the stadium connect Aguilar to McKalla (Aguilar to Calle Norte to West to McKalla).

[drummer]

^^ Yeah, something like that is what I was thinking, especially because Aguilar has the stoplight anyway. However, I also think the other connection would need to be Esperanza Crossing, but that would require displacing a couple of existing buildings as well. The road would likely need to run just east of the Hilton Garden Inn right there.

[kingkirbythe....]

Saving North Austin From Suburban Sprawl, One Tower at a Time

https://austin.towers.net/saving-nor...wer-at-a-time/

The growing skyline of towers near the Domain area of North Austin is all the evidence you need for the success of the city’s North Burnet / Gateway Regulating Plan, a 2000s policy tweak unlocking extra height and density for projects around the intersection of West Braker Lane and Burnet Road. With an increased height limit of 420 feet recently approved in some areas and a new study requested by City Council for possible further updates to the scope and scale of the regulating plan, it sounds like the hits will keep on coming as this area works to transform its generally sprawled-out and overparked suburban character with denser growth and improved transit access — and the district’s ongoing transitional phase often makes for interesting contrast.

[Syndic]

My favorite line from the article:

...this sort of height and housing makes perfect sense for the area, but we can’t stop thinking about its contrast against that Weinerschnitzel.

Haha, so true. I admittedly like the Weinerschnitzel and would be okay with it staying, but preferably as the ground floor retail of some kinda high rise.

I did not know about the high rise he mentioned in the article. That's awesome. Growing up in Gracy Woods, I had no clue this area would end up like this. If it keeps getting big projects like this, I can't help but think that neighborhoods like Quail Hollow, Gracy Woods, and NACA are going to feel a little like the old neighborhoods that surround downtown.

[gillynova]

[Syndic]

x-posting from the World Class Capital Group thread. Could be a big redevelopment opportunity if Karlin can wrest control from douchelord Nate Paul.

Originally Posted by kingkirbythe....

Feud over Offices at Braker in N. Austin gets more complex with another bankruptcy filing

Nate Paul's World Class wrestles with Karlin Real Estate for control of 45-acre site

https://www.bizjournals.com/austin/n...ankruptcy.html

A sprawling North Austin office park nearly changed hands on Sept. 29 — but a last-minute Chapter 11 bankruptcy filing prevented an auction.

Embattled real estate investor Nate Paul filed for the Chapter 11 bankruptcy protection on behalf of an affiliated company called WC Braker Portfolio B LLC. It's the second shell company tied to Offices at Braker to file bankruptcy; a related entity called WC Braker Portfolio LLC filed in May for Chapter 11 protection.

WC Braker Portfolio owns Offices at Braker, while WC Braker Portfolio B owns a 100% interest in WC Braker Portfolio.

In effect, the bankruptcy filing prevented Los Angeles-based Karlin Real Estate LLC from seizing control of Offices at Braker, a 45-acre business park with 546,823 rentable square feet. Karlin owns the debt tied to the real estate, which is valued for tax purposes at roughly $163 million, according to Travis Central Appraisal District. But it’s possible the properties could fetch even more on the open market.

The site isn't far from Austin's second downtown, The Domain, where many low-rise buildings are being turned into high-rises.

[kingkirbythe....]

What does the future hold for The Domain? Cousins' Tim Hendricks opens up about its 'last wave of development'

https://www.bizjournals.com/austin/n...of-domain.html

Tim Hendricks has seen and done it all in Austin’s thriving real estate market.

The senior vice president and managing director at Cousins Properties Inc. has been leading the company’s efforts in Austin for about 30 years, and in that time has developed a little more than 5 million square feet of space in the city. That portfolio includes impressive projects such as Frost Bank Tower, 300 Colorado and many of the office towers in The Domain.

Despite being a part of all of that development, Hendricks is still surprised by what the city has evolved into today compared to when he moved here in 1975.

"I never, never envisioned quite what we are experiencing in Central Texas today," Hendricks said.

A big part of that experience is the continued transformation of The Domain — a one-time IBM campus that has been turned into a mixed-use hub that rivals the Central Business District in terms of density and commercial concentration.

For our latest ATX Next podcast, Austin Business Journal spoke with Hendricks about the different factors that helped The Domain and the surrounding area successfully undergo that transformation in a short two decades as well as what the future might hold for the urban center. Listen to the entire conversation in the player at the top of this story, or wherever you get podcasts. Below are a few highlights from the interview, edited slightly for clarity.

[gillynova]

[Urbannizer]

Do we have a list of high-rises proposed for this area?

[ILUVSAT]

Is "Domain C" the same as "Domain Tower IV?"

I'm so confused with all the buildings going up around there.

I second the motion for a list specific to this area of Austin (north of 183, south of Parmer, east of MoPac, west of Metric).

[Urbannizer]

Originally Posted by ILUVSAT

Is "Domain C" the same as "Domain Tower IV?"

I'm so confused with all the buildings going up around there.

I second the motion for a list specific to this area of Austin (north of 183, south of Parmer, east of MoPac, west of Metric).

The ATX posted this on twitter, guess he forgot to share here.

[The ATX]

That already needs an update for the Stadium Tower going on hold.

[wwmiv]

Originally Posted by The ATX

That already needs an update for the Stadium Tower going on hold.

That went on hold? We have an on hold building? That’s shocking for Austin.

[gillynova]

[KevinFromTexas]

FAA permit for "Burnet Residences" - 243 feet. This is for the 7-Eleven at Burnet Road and Brockton Drive.

https://oeaaa.faa.gov/oeaaa/external...9491175&row=15

[agsatx88]

I think this is for 10711 Burnet next door to the 7-Eleven.

Originally Posted by KevinFromTexas

FAA permit for "Burnet Residences" - 243 feet. This is for the 7-Eleven at Burnet Road and Brockton Drive.

https://oeaaa.faa.gov/oeaaa/external...9491175&row=15