PayPal’s $17.3M Office Coming to Austin’s Thriving Domain District
Fintech leader PayPal is making significant moves in Austin, investing $17.3 million to establish a new office in The Domain, a bustling district often referred to as “Austin’s second downtown.” Here’s what you need to know about this exciting development.
A New Hub in Austin’s Second Downtown
The new PayPal office will be located in Domain Tower 2, a 24-story building surrounded by some of Austin’s most dynamic attractions:
- Austin FC’s Q2 Stadium
- A University of Texas campus
- Luxury retailers, including Kim Kardashian’s SKIMS
- High-end restaurants, bars, hotels, and apartments
This vibrant area, often compared to San Antonio’s La Cantera, continues to attract major companies and developments.
Project Details: What to Expect
Key Highlights:
- Location: Domain Tower 2, 1025 Alterra Parkway, Austin, TX 78758
- Timeline: Construction starts February 3 and is set to wrap up by October 31
- Investment: $17.3 million
Office Specifications:
- Size: 80,091 square feet across floors 20, 21, and 22
- Improvements:
- First-generation interior work
- Non-structural partitions, ceilings, and finishes
- Updated mechanical, plumbing, and electrical systems
- Installation of furniture and equipment
PayPal’s Growing Footprint in Austin
PayPal has maintained a presence in Austin since the early 2000s, with its Data Services Office at 7700 W. Parmer Lane. The company expanded further in 2007, announcing its plans for a larger office.
This move solidifies Austin as a key location for PayPal, leveraging the city’s vibrant tech ecosystem and talent pool.
Shared Space with Industry Giants
PayPal won’t be the only tech titan in Domain Tower 2. Samsung Electronics also plans to move into the high-rise by May 2024. This makes The Domain a hub for innovative companies shaping Austin’s future.
Why The Domain?
The Domain is more than an office park—it’s a lifestyle destination. With:
- Upscale shopping
- Trendy dining options
- Entertainment venues
… it’s no surprise why businesses like PayPal are flocking to this area.
Looking Ahead: PayPal’s Vision in Austin
As PayPal prepares to open its new office by the end of 2024, the move underscores its commitment to expanding in Austin’s booming tech hub. With its strategic location in The Domain, the company is poised to attract top talent and deepen its roots in the Lone Star State.