Entertainment Venue to Anchor Austin’s River Park – Connect CRE

The developers of River Park hope to ignite interest in the proposed colossal redevelopment project. The developers, led by Presidium Group, want to include a 65,000-square-foot indoor entertainment venue as one of their first projects.

The Austin Business Journal reports the facility at the Northwest corner of East Riverside Drive and Crossing Place will have live shows, community events, and special events. The venue will anchor the first phase of River Park.

The planned $4 billion River Park project encompasses 109 acres east of software company Oracle’s former headquarters overlooking Lady Bird Lake.

River Park will be built in phases and could eventually include 10 million square feet of new development with office, retail, hotel, entertainment, and residential uses. Capital Metro’s Blue Line light rail is planned to run along East Riverside Drive.

Plans for the redevelopment’s first phase show 370 apartments, more than 400,000 square feet of office space, and 12,000 square feet of retail space.