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Oracle Plans Major Expansion in Austin with New Office Building, Potential Hotel and Conference Space Oracle, a top-20 employer in Austin, Texas, intends to expand its South Lakeshore Boulevard headquarters near Lady Bird Lake. A new 287,500-square-foot office building at 1301 Tinnin Ford Road has been proposed by the firm. Oracle may also construct a 250-room hotel, conference space, a gym, and an event center on the property, according to the designs. The property, which originally housed Town Lake Village Condos and was purchased for $43 million in 2021, now comprises 970,750 square feet of commercial space, two multifamily buildings, and parking. According to Oracle's land use attorney, the zoning request might take months to reach the city council. Oracle owns around 50 acres in the area and employs approximately 2,800 people in Austin, with aspirations to increase to 10,000 employees. Previously, the firm suggested a land swap with the city. Despite high vacancy rates in Texas metros, building remains active, while newer offices appear to do marginally better than older ones.