IBM HUB

Project Overview

Domain 12, filed with the Texas Department of Licensing and Regulation as the IBM HUB Austin, is undergoing a major renovation at 11800 Alterra Parkway in Austin. The project involves an interior alteration of a 320,000 square foot office building located in the North Burnet area of Travis County. With an estimated cost of $40,000,000, the scope is substantial relative to typical local filings.

The owner of record is Domain Junction 12 LLC, a subsidiary of Cousins Properties Inc. Gensler serves as the design firm for this renovation. The project was registered with TDLR in November 2025, and plan review was completed in December 2025. Construction was scheduled to begin in November 2025, with a target completion date of July 2026.

Despite the scheduled completion date having passed, TDLR has not yet recorded a final inspection. This means the public record does not confirm the current state of the site or the completion of the work. The project is privately funded on private land for private use.

Context and Comparisons

This renovation is significantly larger than the median Travis County alteration, which typically costs around $296,996 for 3,800 square feet. Domain 12’s estimated cost places it in the top quarter of filings for this type of work in the county. The cost per square foot is $125, which is above the county median of $103. The scheduled build window of 233 days is longer than the county median of 98 days.

Gensler has six other registered projects in Texas, including work in Dallas and Austin, totaling $18,370,000. City of Austin permit records show at least 25 permits on file at this address, with the most recent issued between February 2026 and August 2026. These permits include electrical, mechanical, and plumbing work, as well as commercial expedited reviews for interior remodels.