By John Egan. Bottom line, the East Riverside area is poised to be a vibrant district only 3 miles from Downtown Austin. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads. East Riverside-Oltorf is a neighborhood in Austin, Texas, located southeast of the city's urban core. The owners, […] The site has commanding views of downtown Austin. However, very little was known about the overall scope of the project. Read More. The City of Austin finalized a Corridor Mobility Plan for East Riverside Drive in December 2013. Apartments coming to East Austin Urban East, a new apartment building on East Riverside Drive, broke ground in early March. James Rambin March 14, 2018 Comment. Jumping into the Austin development scene just six months ago was Project Catalyst, a massive mixed-use project at the intersection of East Riverside Drive and Pleasant Valley Road – basically next door to Oracle’s new Lakeshore campus. Access to Hwy 290/Ben White, Hwy 183, I-35, and East Riverside Drive within minutes. The site is two miles from ORACLE's new headquarters, & the Town Lake hike and bike trail. Real estate broker Jim Young started researching the East Riverside corridor for his clients, and he noticed a surprising trend playing out in the area: Residents were spending their money in other parts of the city. AUSTIN, Texas — A controversial development planned for East Riverside Drive will now be even bigger. Additionally, development in the area would create a district combining residential and business complexes without the congestion seen in downtown Austin. Located less than ten minutes from downtown Austin, East Austin and Tesla’s rumored Austin campus, the 4,319-acre site is in a prime location for a new development. East Riverside Corridor places renters near an array of Austin’s well-known attractions, as well as major employers. Tons of information about the City of Austin's vision for Riverside Drive as a truly mixed-use walkable TOD centered around the light-rail/streetcar proposal (the same kind of development Grayco is proposing in East Riverside). Copy Link. These priority lanes are intended to ease traffic and provide greater public transit coverage in the area before Project Connect work is implemented, including the Blue Line and other potential bus routes. Follow. This plan recommended short and long-term improvements for mobility and safety along the corridor. 6800 W Parmer Ln Austin, TX 78729. Aspen Heights Partners has started construction on an apartment project that will bring more than 320 units to the rapidly redeveloping East Riverside Drive corridor just east of downtown Austin. Austin’s East Riverside Drive has become a hotspot for new housing development. The hope, of course, is that the "transit" will someday be a light rail line connecting downtown and the airport. A project nicknamed “The Domain on Riverside” is now on steroids. Austin (Travis County)–In spite of criticism from neighbors and some city officials, rezoning five tracts for a massive mixed-use development on East Riverside Drive received final approval from the City Council on Oct. 17. The project will be built in phases over the next two decades. River City Capital Partners plans to break ground in the second quarter of next year on Urban East, a mixed-use project at 6400 E. Riverside Drive. A speculative rendering of the Project Catalyst site from a 2017 marketing video. This one-of-a-kind East Riverside development opportunity is well-positioned in one of Austin’s fastest-growing corridors. The second phase, estimated to begin in Q1 of 2022, will bring an additional 137 units for a total of 518 units. The property is zoned for multifamily via it's ERC-Corridor Mixed Use (ERC-CMU) designation. Rapid redevelopment continues to transform East Riverside Drive, with the latest proposed project due to bring 375 apartments along with office and retail space. In 2019, the city approved a “Domain on Riverside” type development. A new development could be on its way to East Riverside Drive in South Austin, but neighbors are fighting it and calling it a 'Domain on Riverside. Developers of the newly rebranded River Park mixed-use development in Southeast Austin have expanded the size to 109 acres and more than 10 million square feet. CultureMap Austin. Found a website by the City of Austin about redevelopment and TOD in East Riverside. Basic Information Property Address Grove Blvd and Clubview Drive Council District 3 Council Member Renteria Census Tract 23.18 Units Affordable at or below 60% MFI 90 Units Total 90 … There’s a HUGE development planned for the East Riverside neighborhood. 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