[ad_1]
Rendering of the Wells Fargo office campus. Image courtesy of Corgan
KDC has broken ground on the 850,000-square-foot Wells Fargo office campus in Irving, Texas. The $200 million project’s development team includes Corgan as architect and Austin Commercial as contractor, while Kimley-Horn is providing landscape and civil engineering services. Completion is expected by the end of 2025.
In July 2022, the City’s Planning and Zoning Commission approved the project’s two-parcel development site for commercial office use. Later that year, Wells Fargo acquired the land from a local investment group and secured more than $30 million in construction financing from Irving’s City Council.
KDC plans to build a net-positive energy campus which will target LEED Platinum certification. Upon completion, the property will feature various amenities such as a dining hall, conference center, clinic, wellness center, library and tech express lounge. Outdoor spaces will include walking and bicycle trails, as well as four golf courses.
Located at 401 W. La Colinas Blvd., the development site is one block south of West Northwest Highway and less than 13 miles from downtown Dallas. Employees will have easy access to public transportation through the Dallas Area Rapid Transit light rail train. Amenities in the surrounding area include the Toyota Music Factory and the Irving Convention Center, as well as several shopping and dining options.
KDC’S recent Dallas office projects
KDC has partnered with Corgan in a few other Dallas developments as well. The firm provided architecture services for Independent Financial’s $150 million headquarters, that came online in July, and also for the Parkside Uptown tower that will break ground on May 15.
According to the latest CommercialEdge report, Dallas ranked seventh in the U.S. in terms of office supply pipeline, with 5.6 million square feet under construction as of March, representing 2 percent of stock. The metro’s vacancy rate clocked in at 16.6 percent, 10 basis points lower than the national average and down 80 basis points over the year.
[ad_2]
Source link
