KDC is expected to start construction soon on Wells Fargo’s massive regional headquarters in Irving.
The firm will embark on the 800,000-square-foot development worth more than $455 million, near the intersection of Las Colinas Boulevard and Promenade Parkway, the Dallas Morning News reported. That’s almost $570 per square foot.
The regional campus will stand on a 22-acre site with two 10-story office buildings, expected to house over 3,000 employees. Dallas-based Corgan is the architect of the project, which is scheduled to open in 2025.
The city of Irving will provide $31 million in economic incentives to help finance the development, along with a $5 million grant from the Texas Enterprise Fund. Governor Greg Abbott, Wells Fargo CEO Charlie Scharf, executives from KDC and local officials are expected to attend a ceremonial groundbreaking next week, the outlet said.
“Wells Fargo’s decision in choosing Irving-Las Colinas for its corporate office marks one of the largest real estate deals in our community in the last two decades,” Beth A. Bowman, president and CEO of the Greater Irving-Las Colinas Chamber of Commerce, told the outlet in October.
Read more
Commercial
Dallas
CBRE moving Dallas headquarters
Commercial
Dallas
Goldman Sachs’ new Dallas office will cost $500M
Commercial
Dallas
Landsea to move HQ from California to Dallas
The campus will also have a sustainability element, marking the company’s first net-positive facility, producing more energy than it consumes. The site features nearby amenities such as walking and bicycle trails, stand-up paddle board rentals, a cycling studio and four golf courses.
The only upcoming North Texas development that’s larger is Goldman Sachs’ planned 980,000-square-foot complex in downtown Dallas. Construction for that $500 million project is slated for February 2026, with $18 million in tax incentives being provided.
—Quinn Donoghue