Talk:The Domain (Austin, Texas)

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Statesman:

" Just east of the Domain's lifestyle center, Endeavor's master planned project is slated for 178 acres that would add 7.5 million square feet: 1.2 million more of shops and restaurants, about 3.5 million of offices and 3,500 to 4,000 apartments and condominiums, said Endeavor principal Kirk Rudy. That project would be built over 10 to 12 years, Rudy said."

" The first apartment units will open in January. Market rents will range from $920 a month for a 488-square-foot unit to $2,244 a month for 1,519 square feet. A 1,000-square-foot market-rate unit will average $1,400 to 1,700 a month, making the units the highest-priced in the Arboretum area. "

Austin and Texas Real Estate Blog:

" Commercial tenants should start negotiating leases if they haven't already. We're following up with some of our clients to see if they have interest in securing a long-term lease. Residential investors should have already started purchasing rental homes or duplexes near this area, but it's still not too late to buy. "

What does all this mean for surrounding neighborhoods? Can we expect a similar effect to what has occured in downtown Austin prices? Property Tax Hike?