Photo: Karahan Cos.

JPMorgan Chase signed a letter of intent to build at Plano’s Legacy West development, moving 6,000 employees there over the next three years. Photo: Karahan Cos.

It’s been a rumored deal for months now, but now, Plano has another reason to celebrate. JPMorgan Chase has selected an anchor corner in Legacy West to build a $300-million, 1-million-square-foot high-rise campus to house 6,000 relocated employees from around DFW.

JPMorgan Chase signed a letter of intent Thursday to build at Legacy West, Plano’s 240-acre development. Construction is slated to start later this year, Chase spokesman Greg Hassell told Steve Brown at the Dallas Morning News.

The empty lot, located near the Dallas North Tollway and State Highway 121, is next to the new Liberty Mutual Insurance development, a $325-million office campus under construction now.

The letter of intent ends months of searching by Chase to find a location to consolidate some North Texas workers from Farmers Branch, downtown Dallas, Lewisville, Coppell, and other locations into a corporate office complex.

“We expect the first employees to start moving in to the new campus in the second half of 2017—total move-in will last through 2018 and 2019,” Hassell told Brown. “Over time, we expect 6,000 employees to work at the new campus — roughly half of our employee population in the Metroplex. We haven’t figured out where everybody comes from yet. We have people in a number of buildings across the Metroplex.”

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The Beat Lofts

Everything is moving south, it seems. I bumped into Cooper Smith Koch, one of my favorite Kessler Park residents and JC Penney models, over the weekend. I just adore Cooper, mostly because he’s just as smart as he is fun, and he shares a first name with my favorite person ever — my son!

Cooper and I got to talking about how fast things are moving south of the Trinity, and according to Cooper, North Oak Cliff and West Dallas are edging toward critical mass.

I have to believe it, really, with all of the mixed-use and luxury developments that are sprouting up. The first phase of Sylvan|Thirty will open later this year, and tons of other projects in the area have cleared hurdles with the city. Luxury apartments are going up in Winnetka Heights, and property values are climbing at quite the clip.

Beat Living Kitchen

Which brings us to the Cedars, an area just east of North Oak Cliff and south of Interstate 30. It’s popular with young professionals and artists, with brand new highrises and close proximity to the Dallas Police Department’s HQ. Our Thursday Three Hundred is a beautiful two-bedroom, two-bath condo inside The Beat Lofts, a midcentury-styled highrise building built in 2007.

Beat Master

This sixth-floor unit features fabulous downtown views from the corner balcony and the floor-to-ceiling windows in both the master bedroom and living room. It’s urban and chic and completely affordable. It’s marketed by Al Coker for $279,900. It’s spacious, too, clocking in at 1,155 square feet.

Beat master Bath

And if you think moving south of downtown Dallas means you have to skimp on amenities, well, think again. The Beat features a second-floor deck with a saltwater pool, plenty of grilling and entertaining space, a fire pit, and dog park right next door.

Beat Balcony

Of course, the inside of Unit 607 is just perfect, with a great little kitchen and living area, pristine sealed concrete floors, and a great master bath with oversized shower. It also has views of the second-floor deck from the balcony.

When it comes to investing in Southern Dallas, all signs point to yes. This could be a great opportunity to do just that! What do you think?