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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