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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Toyota groundbreaking 1.20.2015

At a ceremonial groundbreaking Tuesday, about 100 attendees watched as a Toyota Tundra truck moved the first shovels of dirt for the Japanese automaker’s $350 million North American headquarters in West Plano.

The relocation of Toyota Motor Corp.’s $350 million headquarters to Plano from Southern California was North Texas’ biggest corporate relocation of 2014. By the time construction is complete in late 2016 or early 2017, some 4,000 jobs will have been created at or moved to the 100-acre campus, including transfers from California, New York, and other states. Plus, for every one of the jobs Toyota brings to Plano, four more jobs will be created.

That’s a colossal business opportunity for Collin County realtors, who are getting ready to be a part of finding homes for those who need it. The company’s 1 million-square-foot campus is located off the Sam Rayburn Tollway and Legacy Drive in Plano, and many of the corporate employees will want to live close to that area.

“We’re all gearing up for it and we are ready to take them on, whether they’re going into Plano or Uptown,” said David Maez, broker and co-owner at VIVO Realty. “Another thing we’re going to see is all the corporations that do business with Toyota moving to the area. You’ll be adding all those other jobs and people to the area.” Jump to read more!

Toyota Executives groundbreaking

Toyota CEO Jim Lentz, President and CEO Michael Groff, and Plano Mayor Harry LaRosiliere (center). All photos courtesy of WFAA-TV.

 

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Plaza Retail Looking East Along State Street

Less than a decade ago, “transit-oriented development” was a buzzword you couldn’t escape. It was heralded by DART Rail boosters as a way to make mass transit and greater urban density more palatable and accessible. Since then we haven’t seen much in the way of successful transit-oriented development, as even Mockingbird Station — the project that was touted as a model for such building concepts — has had ups and downs.

But with more people moving to Dallas, and many of them coming from areas where mass transit is a way of life, not just a talking point, transit-oriented development is resurfacing, too.

In fact, a completely new development slated for a 186-acre tract adjacent to the Bush Turnpike DART Rail station and straddling Plano Road. Developer KDC has dubbed the project “CityLine” as it sits between both Richardson and Plano.

State Farm has already signed on to lease 1.5 million square feet inside its three office towers, which will total 2.3 million square feet in the project’s initial phase. There will be 92,000 square feet of retail as well as 3,925 multi-family housing units.

According to Walkable DFW’s Patrick Kennedy, the success of this development is as yet unclear, especially considering that this project “has changed hands several times already,” he said via Twitter. The big winner, according to him, will be downtown Plano.

You can read the buzzword-laden press release in full below. Do you think that this project is the kind of “new urbanism” that will make suburbs more sustainable?

KDC ANNOUNCES PROJECT NAME AND PLANS FOR INITIAL PHASE OF 186- ACRE TRANSIT-ORIENTED DEVELOPMENT IN RICHARDSON, TEXAS 

Newly named “CityLine” development to feature hotel, retail, multi-family, fitness,

medical and office space 

RICHARDSON, Texas – (October 24, 2013)  – Developer KDC today announced plans for the initial phase of its transit-oriented development located on 186 acres in Richardson, Texas.  The company also announced the name of the development: CityLine. 

“The name CityLine was a natural choice as the development is on the border of two great cities: Richardson and Plano,” said KDC’s Walt Mountford.  “It’s adjacent to DART’s existing light rail station and is also surrounded by key highways and two major thoroughfares.  CityLine will be an instant city with a true urban environment.”

The $600 million, 2.3 million-square-foot initial phase of CityLine is slated for completion in early 2015.  It includes KDC’s property west of Plano Road and adjacent to the DART light rail station.  Project specifics include dense urban restaurant, retail and entertainment space; a contemporary 150-room select service hotel; 520 new urbanism multi-family residential units; an 18,000-square-foot wellness and fitness facility; a 41,000-square-foot medical office building; and a 3.5-acre park with trails, all woven within the recently announced 1.5 million square feet of office towers leased by State Farm. 

“CityLine has been a team sport, and KDC has been fortunate to work with great designers and development partners to create an outstanding place for the community,” said Steve Van Amburgh, KDC’s CEO.  “I can’t think of another development that, upon opening, will completely integrate over 1.5 million square feet of office with retail, restaurant, entertainment, multi-family, medical, fitness, and hospitality uses into an exciting experience for all who live in DFW.”

The focal point of the initial phase will be CityLine Plaza, a centrally located urban plaza designed by Office of James Burnett (OJB), the landscape architect of Dallas’ signature Klyde Warren Park.  Framing CityLine Plaza, fronting Plano Road, and located along State Street will be more than 92,000 square feet of retail, restaurant and entertainment space.  KDC has selected Dallas-based Retail Street Advisors to start pre-leasing and marketing.

“KDC and its design team have created a truly compelling urban environment that will attract a dynamic mix of dining and entertainment options,” said Aaron Stephenson of Retail Street Advisors.  “State Street and CityLine Plaza are oriented and scaled specifically for pedestrians to encourage sidewalk and patio activity and to promote community interaction and gathering throughout the day.”

Buildings that incorporate several uses are central to the CityLine master plan. Restaurant, retail and entertainment spaces are integrated into the base of the office towers, the multi-family residential, and the hotel, allowing CityLine Plaza and both sides of State Street to be surrounded by activity.  The master plan also focuses on creating a walkable, pedestrian-friendly environment, while providing easy access for vehicles and ample parking in the 7,700 spaces within CityLine parking garages.

In July, KDC broke ground on the project and announced State Farm will lease 1.5 million square feet in three office towers. The Class A office buildings consist of a 13-story tower, 15-story tower and 21-story tower.  Each tower is situated on a five-level parking structure along with ground floor retail space.

KDC acquired the land for the Richardson master-planned project in December 2012.  The project, adjacent to the Dallas Area Rapid Transit’s (DART) Bush Turnpike Station on its Red Line, will be a transit-oriented development on the east and west sides of Plano Road. The east side includes the 147.5 acres of land on the north side of Renner Road, between Plano Road and Wyndham Lane.  The west side includes 38.5 acres of land south of President George Bush Turnpike between Plano Road and the DART light rail tracks.  

At full build-out, the $1.5 billion CityLine project will contain approximately six million square feet of office space, two hotels, 3,925 multi-family residential units, 300,000 square feet of grocery, restaurant, entertainment and retail space, and three parks.

Corgan is the State Farm office architect and Omniplan is the CityLine retail architect and master planner.  Kimley-Horn is the civil engineer and OJB is the landscape architect.