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.
Published By TRD Staff
Published on APR 14, 2023, 5:09 PM
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