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Oracle's Southeast Austin campus begins development, site work

Oracle breaks ground on it's enormous project.

Oracle breaks ground on it’s enormous project.

Oracle Corp. has started site work at its new Southeast Austin campus, the next step in a project that will transform a once-neglected section of the city that has experienced rapid gentrification in recent years.

The 25-acre site is near Lakeshore Boulevard and Pleasant Valley Road in the East Riverside Drive corridor. The parcel has been cordoned off by chainlink fencing and green tarps. The Northern California software giant declined to comment on the project.

The project qualifies for the city’s Fast-Track Site Plan process, which likely explains why Oracle (NYSE: ORCL) has been able to pull the trigger so quickly on a major development in a city where other proposed projects languish for months awaiting approval due to staffing issues and a cumbersome construction process.

Oracle announced in late December 2015 that it intended to build the 560,000-square-foot campus just south of Lady Bird Lake to focus on cloud computing technology and expand its sizable Austin presence by hundreds of employees.

Click here to read the full article: Oracle’s Southeast Austin campus begins development, site work Austin Business Journal 8-2-2016


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