Plans released for 109-acre, over 10 million-square-foot mixed-use development along Riverside Drive
A rendering shows plans for River Park, a 109-acre, 10 million-square-foot mixed-use development set to come to Southeast Austin along Riverside Drive and Pleasant Valley Road. (Rendering courtesy Sasaki)
A rendering shows plans for River Park, a 109-acre, 10 million-square-foot mixed-use development set to come to Southeast Austin along Riverside Drive and Pleasant Valley Road. (Rendering courtesy Sasaki)
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Developer Presidium and investment manager Partners Group released plans Dec. 21 for River Park, a 109-acre project east of the Oracle campus near the intersection of Pleasant Valley Road and East Riverside Drive.
Plans include more than 10 million square feet of office, retail, hospitality, entertainment and residential space. The developers received zoning changes in 2019 from Austin City Council for a 97-acre project, then called 4700 Riverside, in a controversial 6-3 vote. The new project adds the 12-acre Parke Green retail center into the plans, which the developer also owns. Today, the Parke Green retail center includes businesses such as LA Fitness, dd's Discounts and Twin Liquors.
The project will come in phases, according to a news release, and is expected to take 10 to 20 years to fully build out. Construction will begin on 15 acres at the southeastern part of the site, according to the release. www.riverpark-atx.com
Jack is the editor of Community Impact Newspaper's Central Austin and Southwest Austin editions. He began his career as a sports reporter in Massachusetts and North Carolina before moving to Austin in 2018. He grew up in Maine and graduated from Boston University, but prefers tacos al pastor to lobster rolls. You can get in touch at jflagler@communityimpact.com
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