Hines is targeting Austin’s “second downtown” for mixed-use development.
According to a site plan filed with the City of Austin, the Houston-based company plans to demolish the area’s La Quinta Inn and Suites at 11901 North MoPac Expressway in favor of a 15-story mixed office and residential building Magazine Report.
The project, called Hines Domain Northside, will have 320 homes, though it is unclear whether they will be apartments or condominiums. It could be the biggest development yet for the global company in Austin. Standing 196 feet tall on the 4.3-acre site, it will be the second tallest building in the sprawling North Austin area, behind Stone Lake’s Domain Tower 2 at 208 feet.
Plans are preliminary and subject to change. It’s unclear when Hines started construction. The City of Austin rezoned the Domain area in October to allow for higher density. That’s right, buildings can now rise up to 420 feet.
Kimley-Horn is the engineer on the project, while Munoz Albin and Kirksey Architecture are the architects.
Texas is starting to see a pattern of developers halting projects due to economic concerns such as rising interest rates and increased construction costs.
Hines, led by Jeffrey C. Hines and Laura Hines-Pierce, has been actively pursuing new investment opportunities in Austin.In November last year, the company announced Partner with Galesi Group Developing 1.7 million square feet of logistics and industrial space on 150 acres in Manor, approximately 15 miles northeast of downtown Austin.
hines also helmed a wooden structure In East Austin, 15 loft-style residential units totaling 9,200 square feet and 93,000 square feet of Class A office space are planned.
— Quinn Donoghue