A mysterious developer has ambitious plans for a multi-use tower in an up-and-coming Austin neighborhood.

The building, located at 2310 Donley Drive, will have 37,200 square feet of office space and 550 multifamily units, according to a site plan filed with the city and published in the Austin Business Journal.

Information about the developer has not been released, but the property owner, according to the building application, is Zohair Jaffery, CEO of Boost Logic and head of Jaffery Holdings LLC. Despite the ambitious nature of the project, Jaffery has remained tight-lipped about the details and timeline of the development. The project is described as a tower, but no height has been specified.

The project near The Domain would replace a 3,700-square-foot auto repair shop operated by Boost Logic.

This comes against a backdrop of rapid growth in North Austin, where high-rise construction is reshaping the area after the city relaxed height restrictions around The Domain, sparking a wave of development.

Several developers are leading this transformation with large ongoing projects.

These include Brandywine Realty Trust’s Uptown ATX complex, as well as high-rises planned by Stonelake Capital Partners, High Street Residential and Karlin Real Estate. Karlin’s massive development plans include 369 apartments, 41,000 square feet of office space, 32,000 square feet of retail space and a 190-room hotel.

Turnbridge Equities is redeveloping nearly 13 acres on Donley Drive into 825 apartments.

Meanwhile, Los Angeles-based Kilroy Realty has amassed more than $70 million in ongoing costs on a stalled office development at 10615 Burnet Road. Construction on the project, called Stadium Tower, was halted in 2022 due to a sluggish office sector and general economic concerns and has yet to resume. The company is burning through about $715,000 a month to keep the site as is.

— Andrew Terrell

Read more

Austin re-examines rezoning for North Austin

Turnbridge applies for zoning for 45-story residential tower in North Austin

Karlin expands stalled mixed-use project in North Austin