The property is zoned for multifamily via it's ERC-Corridor Mixed Use (ERC-CMU) designation. South Lamar Boulevard and East Riverside Drive have a lot in common. Whellan said a benefit of development in East Riverside is that because it is primarily student housing, large displacement would not occur. One of Austin’s major corridors, the nine bus routes on East Riverside carry roughly 20 percent of Capital Metro’s ridership. The company bought the vacant tract in 2016. Project Catalyst is a 97-acre planned mixed-use development at the intersection of East Riverside Drive and Pleasant Valley Road. Apartments coming to East Austin Urban East, a new apartment building on East Riverside Drive, broke ground in early March. Read More. Apple’s $1 billion new campus in north Austin broke ground last year and is expected to be completed in 2022. A speculative rendering of the Project Catalyst site from a 2017 marketing video. Located at 6400 East Riverside Drive, between Montopolis Dr. and Vargas Rd., the 7.3-acre Urban East project, designed by Davies Collaborative, will include 381 units in the first phase, with an expected delivery date of Q1 of 2023. There’s a HUGE development planned for the East Riverside neighborhood. East Riverside-Oltorf is a neighborhood in Austin, Texas, located southeast of the city's urban core. The Corridor Mobility Plan was the basis for development of the Corridor Construction Program. 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. There is still plenty of vacant land for developers to transform into an urban core. AUSTIN, Texas — A controversial development planned for East Riverside Drive will now be even bigger. But retailers in the area aren’t keeping pace with increasing demand. Find your new construction home in East Riverside - Oltorf by browsing the map, or using the filters above. This one-of-a-kind East Riverside development opportunity is well-positioned in one of Austin’s fastest-growing corridors. East Austin's new Riverside development would be double the size of Domain A project nicknamed “The Domain on Riverside” is now on steroids. 1. The site has commanding views of downtown Austin. New Domain-style development on East Riverside could be Austin's next downtown Domain-style project on East Riverside could be Austin's next downtown . Future Development Projects in Austin’s East Riverside Corridor Project Catalyst. However, very little was known about the overall scope of the project. CultureMap Austin. 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. 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 … East Riverside Drive (IH-35 to SH-71) East Riverside Drive Corridor Report (PDF, 16.2 MB) Note: Construction of improvements to the intersection of Riverside Drive at Lakeshore Boulevard began in August 2016. Some forums can only be seen by registered members. Apple Campus. 12-22. The owners, […] 6800 W Parmer Ln Austin, TX 78729. 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. 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. Bottom line, the East Riverside area is poised to be a vibrant district only 3 miles from Downtown Austin. The Plan envisions the redevelopment of East Riverside as a New Urbanist corridor, built around four major transit hubs. Exactly six months ago, we rolled out what little we knew about Project Catalyst, a massive potential mixed-use project at the intersection of East Riverside Drive and … East Riverside Corridor places renters near an array of Austin’s well-known attractions, as well as major employers. Rapid redevelopment continues to transform East Riverside Drive, with the latest proposed project due to bring 375 apartments along with office and retail space. From stadiums to waterways, they’re also taking increasingly varied and interesting forms. By John Egan. It is a great site for condos, townhomes or rowhouses. 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. Here are 10 Austin development stories that deserve your attention. City of Austin Neighborhood Housing and Community Development Cost ... a proposed multi-family housing development located on East Riverside Drive, between Grove Boulevard and Clubview Drive. A site in east Austin that is currently home to several student housing apartment complexes may be looking at a complete redevelopment, the Austin Business Journal reports. 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. A major mixed-use development planned along East Riverside Drive in Austin is getting a dozen acres bigger, and the project's cost could top $4 billion, its developers said Monday. The most active developer in East Riverside - Oltorf is Presidium. Presidium and Partners Group said Monday that the 4700 East Riverside project now has a new name and a "cohesive master plan" for its expanded site. In 2019, the city approved a “Domain on Riverside” type development. Plus, with all of the development from 35 east, it won’t be long before Eastsiders won’t have to go west of 35. SABOT DEVELOPMENT acquired 7 acres of land in the East Riverside Drive corridor. 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. Access to Hwy 290/Ben White, Hwy 183, I-35, and East Riverside Drive within minutes. East Austin's new Riverside development would be double the size of Domain. James Rambin March 14, 2018 Comment. It is a great site for condos, townhomes or rowhouses. This one-of-a-kind East Riverside development opportunity is well-positioned in one of Austin’s fastest-growing corridors. The Austin City Council’s vote to rezone 1,308 affordable apartment units gave the greenlight for the largest tenant displacement project along the East Riverside corridor — and one of the largest in Austin’s history. The 97-acre project will include housing, retail, restaurants, and offices and will be located at Riverside Drive and Pleasant Valley Boulevard. Whether you are a young professional or attending the The University of Texas, St. Edwards University, Texas State, Huston-Tillotson or Austin Community College, Le Cordon Bleu, Aveda Institute, Auguste Escoffier School of Culinary Arts, or any of the nearby colleges, Estates at East Riverside is here to make your living experience memorable. 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. The City of Austin finalized a Corridor Mobility Plan for East Riverside Drive in December 2013. The East Riverside, Parker Lane, and Pleasant Valley neighborhoods together form the East Riverside-Oltorf Combined Neighborhood Planning Area. The site is two miles from ORACLE's new headquarters, & the Town Lake hike and bike trail. 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. This plan recommended short and long-term improvements for mobility and safety along the corridor. City-Data Forum > U.S. Forums > Texas > Austin (East) Riverside Development User Name: Remember Me: Password Please register to participate in our discussions with 2 million other members - it's free and quick! Copy Link. The 79 acre site, which is in the East Riverside-Oltorf Neighborhood along Pleasant Valley Road near Riverside Drive, currently is occupied by 1,092 student housing apartments. There are 3 new home developments in East Riverside - Oltorf, Austin, all high-rise that are planned, under construction or recently completed. 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). 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. Photo: JLL Austin. Found a website by the City of Austin about redevelopment and TOD in East Riverside. The hope, of course, is that the "transit" will someday be a light rail line connecting downtown and the airport. Austin’s East Riverside Drive has become a hotspot for new housing development. Additionally, development in the area would create a district combining residential and business complexes without the congestion seen in downtown Austin. The project will be built in phases over the next two decades. 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. Improvements being constructed were part of the East Riverside Drive Corridor Report. Project Catalyst Documents Describe 97-Acre Development at East Riverside. Of these, 1 are condo developments and 2 are apartment developments. Follow. A project nicknamed “The Domain on Riverside” is now on steroids. But East Riverside is a natural place for redevelopment of this kind, with or without rail. The second phase, estimated to begin in Q1 of 2022, will bring an additional 137 units for a total of 518 units. 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