Simon Property Group announces opening of The Domain in Austin, Texas (US)

Simon Property Group, Inc. (NYSE: SPG) has announced the opening of The Domain in Austin, Texas, which combines 700,000 ft² of luxury fashion and restaurant space, 75,000 ft² of Class A office space and 390 apartments catering to Austin's growing population.

The Domain is anchored by central Texas' first Neiman Marcus and Macy's. Of The Domain's 75 retailers, more than 30 high-end retailers and restaurants will make their Austin-area debuts at the property.

Stores range from innovative home decor retailers such as Z Gallerie to fashion retailers like Lilly Pulitzer and Juicy Couture. Other exclusive retailers include Tiffany, Intermix and Louis Vuitton.

New restaurants include Kona Grill, North, Daily Grill, Jasper's, Joe DiMaggio's Italian Chophouse, Fleming's Prime Steakhouse and California Pizza Kitchen.

"The Domain is a signature statement of 'Best-in-Class' retail, restaurants and residential," said Kathleen M. Shields, senior vice president of development at Simon. "We are thrilled to deliver this project to the city of Austin."

"The response from retailers and restaurants to The Domain has been terrific," said Vicki Hanor, executive vice president of leasing at Simon. "The site and our development is a perfect fit for Austin and our retailers are very excited to be part of the project."

The Domain was developed by Simon Property Group, Inc. in partnership with Endeavor Real Estate Group and residential partner Columbus Realty. Austin-based Endeavor Real Estate Group is a full-service real estate company with over 100 employees focused on retail, office industrial and mixed-use developments in the Southwest Region. Since forming in 1999, Endeavor has become one of the leading real estate firms in central Texas, developing or acquiring more than 7.8 million ft² of space with an overall value of nearly $1 billion. Adding to that, the company has about 7.4 million ft² currently under development.

Source: Simon Property Group

Related News