A massive Wells Fargo campus in Las Colinas begins construction next month.
“Project Falcon,” as the $400 million campus was codenamed in planning documents, is set to break ground next month, according to the Dallas Morning News. The 22-acre campus is being built near the corner of Las Colinas Boulevard and Promenade Parkway, not far from the Irving Convention Center and Toyota Music Factory.
The 844,000-square-foot office development includes “two 10-story Class A build-to-suit office buildings, which includes a dining pavilion and lobby connector,” according to planning documents filed with the state. The project also has “one 4,000-car parking structure with pedestrian bridge connector.” More than 3,000 people will work there when it opens in 2025.
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Frisco approves zoning changes for massive development
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Wells Fargo revealed as ‘confidential partner’ behind $200M Las Colinas campus
Dallas-based developer KDC, who is behind the project, has been especially tight-lipped with details.
Wells Fargo received $31 million in economic incentives from the city of Irving, plus a $5 million grant from the Texas Enterprise Fund in October. In return, the California-based bank pledged to create 650 new jobs by 2028 and invest $455 million in the campus. When the Irving City Council voted on the incentives package in August, KDC was still referring to Wells Fargo as a ‘confidential partner.’
Back in June, KDC announced a 2,500-acre development called Fields Frisco— a corporate campus built on the Fields family’s former ranch. The project, for which KDC had to get six zoning amendments approved by the Frisco City Council Planning and Zoning Commission, is expected to kick off construction early next year.
— Maddy Sperling