I'd previously reported on the development of the Domain in North Austin. I like this development because it is comprised of big box shops like the region's first Neiman Marcus and Tiffany & Co, but will also include local favorites. This is the perfect mix that Austin residents have been looking for. We like our local stores, but we also like specialty shops and big-box tenants that match the tastes of surrounding neighborhoods.
According to the Austin Statesman--The first phase of the Domain, scheduled to open March 9, will include 60 retailers and 14 restaurants. The second phase is slated to open in late 2008, bringing more retailers, three restaurants and a hotel, said Lauren Harris, Simon's director of mall marketing for the Domain. A $40 million residential portion of the Domain will have 390 apartments, many of them built atop the street-level shops and restaurants.
The Domain is a pretty large development, rivaling SouthPark Meadows in hot Southwest Austin. It's going to be a nice place to live and work, but matches the upscale lifestyle of Northwest Austin residents. The only downside is if there will not be residences for sale in the shopping center. Initially, we thought there were for-sale opportunities, but that does not appear to be the case.
See our previous story on the Domain Shopping Center.
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