Austin | Oracle Campus Updates & News

[sjk]

Originally Posted by Echostatic

No. Oracle is trying to purchase the plot of land outlined here.

I used to live in the apartments directly next to this land in the photo shown. As this land had absolutely no use to the public and it was often overgrown, I think that Oracle building something here will look great. Their buildings and landscaping have really made the area look great in the areas they've already built.

[smith_atx]

Originally Posted by sjk

I used to live in the apartments directly next to this land in the photo shown. As this land had absolutely no use to the public and it was often overgrown, I think that Oracle building something here will look great. Their buildings and landscaping have really made the area look great in the areas they've already built.

Agree. I've always wondered why the city kept that land and didn't cash out on it for such an underused lot. Besides the mechanical building/fuel pump, they seem to use the wooded area as overflow storage.

[sjk]

I'm also curious about the land directly behind (South) Oracle's existing campus. Anyone know who owns it and if there are plans for it?

[gabetx]

Originally Posted by sjk

I'm also curious about the land directly behind (South) Oracle's existing campus. Anyone know who owns it and if there are plans for it?

I've heard from a few sources that Oracle owns it and plans to develop it as apartments for employees. I am not 100% sure if this is true though. I know they acquired the Azul Apartments or struck a deal with the management company for employee housing.

[drummer]

Originally Posted by gabetx

I've heard from a few sources that Oracle owns it and plans to develop it as apartments for employees. I am not 100% sure if this is true though. I know they acquired the Azul Apartments or struck a deal with the management company for employee housing.

I recall hearing about the apartment plan either on here or in some news story.

[Maximusx1]

Originally Posted by Enghum

I'll be voting no on the park land sale.

On either side of the proposed purchase land there is the Bolm District park that has no plan and the John Treviño Jr. Metropolitan Park that has a master plan but no funds to build it out. Both of these parks have access to the Colorado river. There is only a single small residential neighborhood within a mile and a half of the land being purchased in any direction.

Parks and Recreation hasn't given any indication where the replacement maintenance facility will go. The proposed purchased land lies completely within the floodplain so it can't go there and there really isn't anything you can build on that land other than recreation. That means we'll be sacrificing some parkland in some other convenient location in the city for a replacement maintenance facility or purchasing land.

One of the benefits if this does go through would be a trail connecting the Walnut Creek Trail all the way up to MLK through John Treviño Jr. Metropolitan Park. There are other areas of privately owned flood plain land that our urban trail passes through. I don't see why we would need to purchase the entire piece of land if that's the case.

The land also hasn't appreciated as much as it could. Once the area finishes its build out in 5 - 10 years the land will only increase in value. Or its value of additional parkland in the middle of a dense urban environment will be recognized.

I don't get this mentality at all. There is a long term plan to make the Butler hike and bike trail from Red Bud Island all the way to John Trevino park. This land swap to get the raceway waterfrontage is a puzzle piece in that plan. The plan may take 10, 20, 30 years or longer but this is the opportunity to piece the thing together. Let's do it!

[The ATX]

Prop B passed overwhelmingly. So let's see what Oracle's plans are.

[drummer]

From the comments (probably):
"Hour CiTee iS saILiNg It's Sole by PracTiCKlY GivIng ParklAnd Away to CorPorAtIons!!!"

[mumu]

Given talk of upzoning the corridor, will Oracle buy the land before or after the upzone? I wouldn't be surprised if 300 or 400 feet is the new limit for much of that area, which would make the land far more valuable.

The land that the Google sail building is on- block 185- was sold for only ~$188/ft in 2011/2012 per the Greenwater Treatment plant. The city - the people - got screwed. By the time construction started, the land was probably worth $1000/ft.

Source: "Developer Trammell Crow purchased Block 185 for about $10.27 million in January, according to the Statesman story, which adds that the company and the city arrived at that amount in a 2012 master development agreement, which also supersedes some of the standard design process with the city."
https://austin.curbed.com/2019/4/2/1...w-design-pelli

[The ATX]

Originally Posted by mumu

Given talk of upzoning the corridor, will Oracle buy the land before or after the upzone?

I thought the whole point of Prop B was for the land swap. I didn't think there was any buying or selling taking place.

[The ATX]

X-posting from the update thread...

Originally Posted by kingkirbythe....

Oracle Buys Out Town Lake Village Condos, With Demolition on Deck

https://austin.towers.net/oracle-buy...ition-on-deck/

Demolition could be on the way for the Town Lake Village condo community after a buyout of its 74 units at 1201 Tinnin Ford Road by new neighbor Oracle Corporation, which after establishing its new headquarters nearby on Lakeshore Drive in 2018 has rapidly expanded its presence with several parcels in the area now under its control.

[The ATX]

I thought I would bump this thread since Oracle has been in the news.

The HQ move is only a prestige thing about having local Fortune 500 companies. Most of their employees including the C-Suite have always been in California, and there doesn't appear to have been any changes in Austin headcount due to the 2020 HQ move to Austin. Oracle's expansion plans in Austin still seem to be on track with recent (as in this month) updates to their campus PUD update plans for a new office building, hotel, conference center and some employee amenity. Demo of a neighboring condo building was recently completed for these projects. Here's a recent Google earth update showing the Demo next to their current campus:

[Bblasa]

Thanks for sharing ! That kind of clarified some comments during the press conference that they later reworded