The East Riverside Drive corridor is, perhaps, one of the enigmatic neighborhoods in all of Austin. It’s five minutes from downtown and unfolds along the southeastern shores of Lady Bird Lake. Open space abounds and the Boardwalk Trail at Lady Bird Lake debuted in 2014 to rave reviews. The corridor provides the most direct access to Austin-Bergstrom International Airport — an easy 10 to 15 minute drive most times.
For many years East Riverside Drive has been home to college students, apartment dwellers and working class families. Today, however, the area is in the throes of dramatic change, especially with the recent opening of Oracle Corp.’s $300 million campus near East Riverside Drive and Pleasant Valley Road, bringing an estimated 2,000 new jobs to the once sleepy area. Those workers need housing nearby and several developers have big plans for mixed-use projects.
Meanwhile, CalAtlantic and MileStone Communities continue to deliver new single family homes and townhomes in enclaves right off Riverside Drive. Expect more creative housing options to follow in this ultra-convenient location.