KDC to Build 1.6 MSF Office Campus

Image by Lorenzo Cafaro via Pixabay.com

Developer KDC’s two-phase office campus totaling 1.6 million square feet in Irving, Texas, is one step closer to fruition. The City’s Planning and Zoning Commission unanimously approved the rezoning of the two-parcel site in the Las Colinas submarket from transit-oriented development to commercial office and generalized site plan—commercial office use, respectively.

The office campus will be home to a new Wells Fargo employment center, according to The Dallas Morning News. David Fisk, senior vice president of KDC, told the commission that the initial phase will include 800,000 square feet of office space projected to house 4,000 employees.

The submarket had 10 office projects underway totaling more than 1.5 million square feet in late June, CommercialEdge data shows. The supply pipeline also included 7.2 million square feet of office development in the planning and permitting stages.

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The development will take shape on 22 acres on the north shore of Lake Carolyn, bordered by West Las Colinas Boulevard and Promenade Parkway, as well as on an adjacent tract north of Promenade Parkway.

The preliminary site plan includes two Class A office buildings, with Building A linked to the garage structure across the street via an aerial connector walkway. The project also features landscaped green spaces with seating areas, outdoor gathering spaces as well as a lakeshore promenade. Both developments will aim for high levels of LEED certification.

KDC has already developed office properties for several financial organizations, such as the 1.5 million-square-foot Legacy West campus for JPMorgan Chase in Plano or the Frost Tower, the eight-sided building in downtown San Antonio that was designed for Frost Bank and co-developed in partnership with Weston Urban. The firm’s active projects also include the six-story expansion of Independent Financial’s headquarters in McKinney, Texas.

Other developers are drawn to the Metroplex as well. In June, Ryan Cos. kicked off construction on the 23-story Ryan Tower encompassing 409,000 square feet in Plano. Anchored by Ryan LLC, a global tax services, software and technology firm with no affiliation to Ryan Cos., the high-rise is expected to come online in 2024.