AUSTIN (KXAN) — One of the largest software companies in the world is planning to grow its footprint in Austin. On Tuesday, Bay Area-based Oracle announced plans to construct a 565,000-square-foot campus along Lady Bird Lake.
In a press release, Oracle says along with building a new campus, the company also plans to acquire an adjacent 295-unit apartment building for employee housing options “to support a work-life balance.” The site will be on South Lakeshore Boulevard, just east of Interstate 35.
Once the new campus is in place, the company says its team in Austin will increase by more than 50 percent over the next few years, with most of the jobs will be in Oracle’s cloud sales organization, Oracle Direct. The design and build of the campus will happen in phases as the company consolidates its facilities in Oregon. An Oracle spokesperson was not able to give a timeline on how long the project will take.
“Austin was a natural choice for Oracle to invest and grow,” said Scott Armour, Senior Vice President, Oracle Direct. “We already have a high-performing employee base in the region, and the surrounding technology community is teeming with creative and innovative thinkers. Our state-of-the-art campus will be designed to inspire, support and attract top talent – with a special focus on the needs of millennials.”
“We’re positioning the State of Texas to become a home for innovation and technology,” said Gov. Greg Abbott in a statement. “Thanks to our skilled workforce, combined with our low-tax and low-regulation environment, one of the largest tech companies in the world has chosen to expand in Austin. As Governor, I will continue to pursue policies that invite the expansion and relocation of tech companies to Texas.”
Oracle currently has two office locations in Austin: one at MoPac and U.S. Highway 183 and a larger office space on Riata Park Court off West Parmer Lane.