Stargate. Orion’s Belt. Cosmos.
Three project names. Three “astronomical” references. One company connecting all of them, and a $610 million construction permit filed right here at RM 2222 and River Place Boulevard.
If you own a home in Steiner Ranch, Riverplace or Four Points in general… that permit may be the most relevant document to your property value you’ve never heard of.
What the Filing Actually Says
Here’s what’s confirmed. In early 2026, a project called Cosmos appeared in filings with the Texas Department of Licensing and Regulation.
Address: 6801 River Place Boulevard.
Budget: $610 million.
Scope: 234,000 square feet of tenant improvements inside the existing five-story campus building including, structural reinforcement, new MEP and IT systems, and major electrical upgrades.
Gensler is the architect of record. They don’t show up for small projects.
No tenant has been publicly confirmed.
What we have right now is a $610 million permit… a codename… and a paper trail that’s hard to ignore.
Follow the Stars
The strongest public lead came from the Austin Business Journal. A fiscal surety filing tied to the Highpoint project is linked to an affiliate of SB Energy, a Silicon Valley infrastructure company backed by SoftBank.
Here’s what that means.
On January 21, 2025, the Stargate Project was announced at the White House. OpenAI, SoftBank, Oracle, and MGX committed up to $500 billion to build AI data center infrastructure across the United States. Arm, Microsoft, and Nvidia are named technology partners.
Then on January 9, 2026, OpenAI and SoftBank each put $500 million into SB Energy specifically to accelerate that buildout. SB Energy is building a 1.2 gigawatt data center in Milam County, Texas for OpenAI right now. They also operate a 900-megawatt solar facility near Austin called Orion Solar Belt, which came online in late 2024 to power Google’s Texas data centers.
Say those project names in order: Stargate. Orion’s Belt. Cosmos. That’s not a coincidence. That’s a constellation!
A few important caveats.
A surety filing could mean SB Energy is doing the power infrastructure work as a contractor, not necessarily moving in as a tenant. Nobody has confirmed which. This is the strongest public lead available, not a confirmed announcement.
A second name is circulating independently. Multiple sources told the Austin Business Journal that Arm Holdings, the British semiconductor company and a named Stargate technology partner, is reportedly scouting space at Highpoint. Arm has over 1,000 employees in Austin already and is currently mid-construction on an expansion that will double its existing southwest Austin office. Arm has declined to comment on Highpoint.
Early speculation also pointed to Nvidia, which has its own product platform called Cosmos and has been expanding in Northwest Austin. No filing evidence connects Nvidia directly to this project, but the name overlap keeps them in the conversation.
Could this be multiple tenants? Yes. The 234,000 square feet in the filing is about 21 percent of the total campus.
Why This Campus and Not Somewhere Else
I drive past Highpoint 2222 all the time!
I’ve sold homes in this corridor for over 20 years. And I can tell you that this property is genuinely unusual.
Highpoint has its own on-site power plant. It can run entirely off the Austin Energy grid. For an AI data center, that is not a bonus feature. It’s a requirement. Grid instability is an existential problem for these operations.
Most commercial properties in Austin can’t offer that. This one was built for it.
