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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Once he was the highest paid wide-receiver in the NFL, but now Terrell Owens is facing foreclosure on two Dallas condominiums less than three miles apart. His luxurious, 3559 square foot Azure condo with six parking garages sold at a short sale last November for about $1.4, if you will recall, or at least that’s where I called it.  Looks like a couple named Monsour bought in in early December, and the unit, which T.O. once was asking $2.25 for, is now on the books at $1.425 million. (Dang I’m good!) According to data posted on RealtyTrac, the condos will go to foreclosure March 6 and are probably on Roddy’s. Owens is delinquent on a $360,000 loan serviced by JPMorgan Chase for a condo unit #307, only 881 square feet and on the books for $286,000. Guess that was for his bodyguard or Baby Mama. Honestly, if he owes more than it’s worth, he’s underwater and may be smart to walk. He actually owns TWO condominiums on Commerce Street, 3701 and 3715, but only 3701 will join the Azure at the foreclosure auction. Records show that Owens is delinquent on a $295,920 mortgage serviced by Deutsche Bank for that property. Ouch, maybe: at least that 2223 square foot unit is on the books at $355,000.

T.O. collected homes like diamond earring studs. He maintains a “monster crib” in Lithonia, outside of Atlanta, according to my good friends at Zillow. The home was featured on MTV Cribs and in other celebrity real estate listings. Yeah, good luck selling that one, Atlanta’s market is in the toilet! Remember Stone Philips? He interviewed Owens there in 2004, and talked TO into a game in the property’s gleaming gym.

T.O. did shed the Moorestown, NJ manse he picked up during his days with the Philadelphia Eagles. Zillow says that while in Buffalo playing for the Bills, he tried to be conservative and simply rent a home for the 2009 season. But the owner of the Orchard Park, NY home refused to have him as a tenant. So he bought it.

What’s T.O. doing now if he’s not buying RE? He owns a 50-percent ownership stake in the Allen Wranglers.