The Morgan Group to Build $70M Project in Austin’s Domain

Houston-based Morgan Group has plans to build its Pearl Burnet MF development on an acre at 11901 Burnet Road. It will be in The Austin’s high-profile Domain. The Domain is a high-density office, retail, and residential center in northwest Austin.

Plans for Pearl Burnet MF call for a seven-story building and four-level parking garage, designed by STG Design. The $70 million project would have 345 apartments, a cost of about $202,900 per unit. The 400,500-square-foot building is expected to break ground in March and be completed by February 2025. 

Today, The Morgan Group is a 3rd generation family business that invests in multifamily housing through development and acquisitions in high growth US markets. In its history, Morgan has built or acquired over $4.5 billion of multifamily assets, consisting of over 20,000 units. Morgan has retained its headquarters in Houston since 1959. Stonelake is building a residential community nearby.