Domain Apartments to Add Retail, Hotel

A Domain-area apartment complex is being turned into a mixed-use development with retail space, multifamily units and hotel rooms. Property owner KREA LLC has plans to redevelop The Studio Domain, an apartment complex on 3.07 acres at 2700 Gracy Farms Lane, Austin, into a venture with 350 multifamily housing units and 210 hotel rooms. Additionally, the plans call for 20,000 feet of ground-floor retail space.

The lot’s previous zoning allowed up to 60-foot-high buildings, but the updated zoning permitted under the North Burnet-Gateway plan permits up to 350-foot-high buildings with a development bonus applied, per the development documents.

Community Impact reports this change enables developers to increase building density on the property and act as a bridge between the residential areas surrounding The Domain and commercial activity within The Domain.