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Thu Dec 24, 2015, 02:12 AM

Software giant Oracle to build major Austin campus, add employees

Oracle Corp., the world’s second-largest software company, plans to build a new corporate campus on 27 acres overlooking Lady Bird Lake, just east of downtown Austin, the company confirmed to the American-Statesman on Tuesday.

With the new campus, Oracle plans to grow its Austin workforce by 50 percent over the next few years, the company said.

The move expands the presence of another rapidly growing California-based technology giant in Central Texas, as companies including Apple Inc., Google and Facebook are aggressively ramping up their workforces here.

Oracle said its 560,000-square-foot corporate campus is planned for a site between South Lakeshore Boulevard and Elmont Drive. Oracle is buying the 27 acres of undeveloped land for an undisclosed price from Austin-based Cypress Real Estate Advisors. The purchase closed Tuesday, the company said.

Read more: http://news.blog.statesman.com/2015/12/22/software-giant-oracle-to-build-major-austin-campus-add-employees/?ref=cbTopWidget

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Reply Software giant Oracle to build major Austin campus, add employees (Original post)
TexasTowelie Dec 2015 OP
hobbit709 Dec 2015 #1
Javaman Dec 2015 #2

Response to TexasTowelie (Original post)

Thu Dec 24, 2015, 08:07 AM

1. Just what we need, another big building downtown.

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Response to TexasTowelie (Original post)

Thu Dec 24, 2015, 10:55 AM

2. I saw this yesterday. this is the beginning of the end of the south shore...

various developers have been trying like hell over the years to get their hands on park on town lake.

so instead, the build all around it until it's suffocated.

give it time.

this is on the east side of I-35 and part of the purposeful destruction of that area of town via gentrification.

it will move steadily west.

the Austin American Statesmen, our right leaning rag has just sold it's land to the family that owns the paper. prepared for that to be massively downsized to a weekly flyer and the land broken up into parcels for condo units.

all around town lake the land is being plowed under for high rises.

in 20 years, if climate change doesn't decimate the city, there will be nothing but over priced grain silos as far as the eye can see.

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