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Oracle s move to Austin may spur California influx and higher prices Dec 16, 2020, 9:36 am Oracle will have one of the largest workforce s in Austin, though it remains unseen how many employees will move here. On December 11, Oracle, the world s largest data base company, announced it was moving its headquarters from Silicon Valley to Austin. The announcement, coupled with major expansions underway by Apple, Facebook, Tesla, and others, is a feather in the cap of local business boosters. But it also has ruffled feathers among local residents who fret about the seemingly unending rise in housing prices. Whether you’re a champion or a critic of the Oracle relocation, the ongoing influx of companies and executives from California shows no signs of letting up. In fact, some observers speculate that Facebook could follow Oracle in shifting its headquarters from the high-cost San Francisco Bay Area to lower-cost Austin. On December 4, the
After asking developers to address concerns including building height, the West Lake Hills City Council on Wednesday night approved the zoning required for new condominiums at 1801 Westlake Drive.
The condos, which will be built where an apartment complex now stands, are zoned as a planned development district, a designation that will stay with the property even if it changes hands and allows for more flexibility of use, according to Director of Building and Development Services Anjali Naini.
The developer returned to the council Wednesday with an updated design that incorporated feedback from both the council and the Zoning and Planning Commission. This item was last before the council in late October.