Acting on behalf of its clients, Partners Group and Presidium have released plans for the first phase of River Park, a 109-acre mixed-use development just east of Oracle’s headquarters on E. Riverside Drive. The first phase encompasses approximately 15 acres east of Wickersham Lane along the frontage of Riverside Drive.

The site is bounded by Roy G. Guerrero Colorado River Metro Park, East Riverside Drive, Pleasant Valley Road and Country Club Creek.

Plans for the first phase include:

• Two office buildings with a combined total of roughly 420,000 square feet of class A-plus space. The office buildings will include indoor air quality monitoring technology, parking for electric vehicles and bicycle storage.
• A mid-rise apartment community with 370 units, which will include affordable housing provided at 60 percent of the area median income.
• 12,000 square feet of ground-level retail and active use along E. Riverside Drive.
• Nearly 1 acre of open space and parkland area with active programming opportunities and gathering spaces accessible to the public.
• A cohesive water quality approach that includes stormwater harvesting and rain gardens.

The team is currently in advanced design stages on the first phase, aiming to secure approvals and permits from the city by early 2022. The entire master plan for River Park calls for more than 10 million square feet to be built in the coming 10 to 20 years.

Hines has joined Partners Group and Presidium as the development manager of the first phase office component, and CBRE’s Austin office will handle the marketing and leasing of the office space. Presidium is vertically developing the apartment community, in addition to its role as master developer.