Texas | December 22, 2020

Austin MXU Plans 10M SF of Development

Presidium and Partners Group’s mixed-use development on East Riverside Drive in Austin has a new name and cohesive master plan for an expanded site. The new master plan envisions more than 10 million square feet that includes uses such as office, retail, hospitality, entertainment and residential spaces.

The project, now called River Park, includes the 97 acres the entities rezoned last year under the name 4700 East Riverside, plus the adjacent 12-acre Parke Green retail center that the partnership also owns. It’s located immediately east of Oracle’s newly announced headquarters.

“We’re excited to start implementing years of city initiatives, collaborative planning and community vision at River Park,” said Presidium’s Michael Piano. “The location and size of River Park provide a unique opportunity to solve and address some of Austin’s biggest challenges such as housing supply, affordability, connectivity and mobility—all on an urban-infill site within five minutes of downtown.”

Rendering courtesy of Sasaki.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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