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Stonelake, HPI Begin Construction on First 310,000-SF Office Tower in North Austin

First Phase of Planned 3.5 Million SF Commercial Development in The Domain
December 28, 2016
Stonelake Capital Partners, in a joint venture with HPI Real Estate, has begun construction on a new 310,000-square-foot, 11-story office development three years in the making.

The speculative high-rise known as Domain Tower broke ground on a 31-acre site acquired by Stonelake at the entrance to The Domain complex in 2011. The project is being developed at 10721 Domain Dr. with a delivery date scheduled for early 2018.

Domain Tower is expected to serve as a catalyst for the development of roughly 3.5 million square feet of new office, multifamily and retail space Stonelake plans to develop within The Domain. The next phase, a 372-unit, five-story multifamily complex dubbed Flatiron Domain, is expected to break ground next year.

Designed by BOKA Powell, the new Domain Tower will include a designated food truck area, a structured parking garage with skywalk and on-site concierge.

Sam Houston, Richard Paddock and JD Lewis of HPI Real Estate are handling leasing for the new office development. The entire building is available with space divisible down to 30,000 square feet. J.P. Morgan is the construction lender.
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