Jul 2013 | Summer 2013 | Sept 2014 | Jan 2015 | Aug 2015 | Jan 2017 | Mar 2017 | Mar 2018 |
Joint Venture between Shorenstein and RREEF | Broke Ground on Domain 2 & 7 | Domain 2 completed and 100% leased to HomeAway | Domain 7 completed | Construction Start on Domain 8 | Sold Domain 2 & 7 | Domain 8 completed | Sold Domain 8 |
The Domain Portfolio comprises three Class A office buildings (Domain 2, Domain 7, and Domain 8) totaling 628,000 square feet of office space and 25,000 of ground-level retail. The portfolio is located in the 304-acre mixed-use development known as The Domain in Northwest Austin, Texas. The properties were developed in partnership with Austin-based Endeavor Real Estate Group.
Shorenstein invested in these development sites early in the build-out of the larger phased development of The Domain with the expectation that, upon completion, The Domain would offer a distinctive mixed-use environment that would drive high demand from office tenants. Each building features large, rectangular and column-free floor plates, nine-foot finished-ceiling heights, covered parking, and excellent window lines offering tenants abundant natural light. The portfolio was 100% occupied by November 2017 and the portfolio was sold in the first quarter of 2018.
Master Plan
Domain 2
- Completed in 2014
- 5-story office building with ground-floor retail
- 115,000 square feet of office and 25,000 square feet of retail
- 34,000 square foot floor plates on upper floors
- Parking ratio of 4.3:1,000
- LEED® Silver Certified
Domain 7
- Completed in 2015
- 6-story office building
- 222,000 square feet
- 37,000 square foot floor plates
- Parking ratio of 4.3:1,000
- LEED® Silver Certified
Domain 8
- Completed in 2017
- 11-story office building with ground floor retail
- 291,000 square feet
- Parking ratio of 4.0:1,000
- LEED® Silver Certified