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Las Colinas/North Irving Development

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flyswatter
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Re: Las Colinas/North Irving Development

Postby flyswatter » 04 May 2020 18:12

In a time where oil is cheap, I'm sure selling the property and moving would yield quick capital for them as well as consolidation of workforce.

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Tucy
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Re: Las Colinas/North Irving Development

Postby Tucy » 05 May 2020 08:50

tamtagon wrote:I wonder if a move to Houston is getting some thought, too.


That's the elephant in the room, isn't it?

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Kelley USA
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Re: Las Colinas/North Irving Development

Postby Kelley USA » 05 May 2020 10:19

tamtagon wrote:I wonder if a move to Houston is getting some thought, too.


That's always possible. I've never really understood the thought of having only a few hundred employees in Irving while you have 10K employees in Houston. I know their culture has always been to keep upper management separate from all the worker bees though. ExxonMobil is making a massive $30 billion expansion in West Texas, so obviously Irving would be significantly closer to what's going on out that way. Who knows though! I think there's been speculation for awhile about them leaving.

Would be a loss for sure, but it's also not like EM has been a big corporate presence here. They have a gated compound, subtle signage, employees scarcely come and go. Can't think of anything they've really done to give back to Irving / Las Colinas. They have 100 acres surrounding their property. Would have been cool had they turned it all into walking / nature trails etc... ExxonMobil Park would have been cool!

**UPDATE** The Irving P&Z denied the request to change the zoning. Most on the P&Z saw residential use as the best option, plus seeing as there was no forthcoming plan for the property they didn't see much need to change the zoning now. If someone wants to come forward with an actual commercial plan they'll reconsider the change then.

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ContriveDallasite
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Re: Las Colinas/North Irving Development

Postby ContriveDallasite » 06 May 2020 02:23

Thanks for the update Kelley! I always imagined that land would be great use for a park. Irving really does not have a lot of public green space. Also Las Colinas Boulevard would be suitable for bike lanes as well.

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Kelley USA
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Re: Las Colinas/North Irving Development

Postby Kelley USA » 14 May 2020 15:03

It looks like Boi Na Braza Steakhouse is undergoing a change... It'll now be called BLAZE Brazilian Steakhouse. Not sure if it's a different ownership group, but the signs came down yesterday and new signs should be going up soon.

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TNWE
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Re: Las Colinas/North Irving Development

Postby TNWE » 15 May 2020 09:59

Kelley USA wrote:It looks like Boi Na Braza Steakhouse is undergoing a change... It'll now be called BLAZE Brazilian Steakhouse. Not sure if it's a different ownership group, but the signs came down yesterday and new signs should be going up soon.


Brazilian steakhouses are pretty interchangeable in my eyes, so as long as they didn't also hike the prices, I don't care what they call it! :lol:

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cp14
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Re: Las Colinas/North Irving Development

Postby cp14 » 18 May 2020 14:20

Has anyone seen this? The Residences on the 17 and 18 hole of TPC. Its condo complex.

https://www.theresidenceslifestyle.com

Looks like its already under construction. Sucks to be homeowners in Fairway Vista who used to have a view of the course. Was that area originally planned to be residential in the future?

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ContriveDallasite
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Re: Las Colinas/North Irving Development

Postby ContriveDallasite » 19 May 2020 01:29

Interesting to see the densification going on in Las Colinas.

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Kelley USA
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Re: Las Colinas/North Irving Development

Postby Kelley USA » 19 May 2020 09:39

cp14 wrote:Has anyone seen this? The Residences on the 17 and 18 hole of TPC. Its condo complex.

https://www.theresidenceslifestyle.com

Looks like its already under construction. Sucks to be homeowners in Fairway Vista who used to have a view of the course. Was that area originally planned to be residential in the future?


Interesting concept! I haven't seen anything come before P&Z or Council pertaining to this project. Looks nice though, good find!

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kwilliam
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Re: Las Colinas/North Irving Development

Postby kwilliam » 23 May 2020 17:57

Anyone know what is happening across the street from La Villita? The school district building is almost complete, but on the other side of Camino Lago it looks like they are moving a lot of dirt.

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cp14
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Re: Las Colinas/North Irving Development

Postby cp14 » 23 May 2020 19:22

CFBISD is building a multipurpose facility across from the elementary school. I saw the dirt moving on the other corner too and was wondering what was going on - I see the land is owned by CFBISD as well, but on their website on the Construction Updates tab I don’t see any other new facility under construction. Couldn’t find anything else when I tried researching it. Maybe just dirt moved across the street from the multipurpose facility site.

https://cfbisd.edu/construction-updates/

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cp14
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Re: Las Colinas/North Irving Development

Postby cp14 » 24 May 2020 17:00

Anyone hear about this new development - 250 homes sites and gated? Legends Crossing on Valley Ranch Pkwy with Ashton Woods and Pulte being the builders.

https://centurionamerican.com/community ... -crossing/

https://communityimpact.com/dallas-fort ... r-housing/

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Kelley USA
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Re: Las Colinas/North Irving Development

Postby Kelley USA » 01 Jun 2020 11:40

According to the City Council Agenda, another Fortune 500 company or an existing Fortune 500 company already in Irving is looking to relocate / expand. There's an agenda item for an Economic Development Incentive which reads:

Impact: Approval of this economic development incentive agreement will assist in the reinvestment of 1925 W. John Carpenter Freeway in order to attract a Fortune 500 Headquarters operations seeking to expand its presence in Irving

The property in question is right next door to McKesson.

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TXGunLover
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Re: Las Colinas/North Irving Development

Postby TXGunLover » 01 Jun 2020 11:45

Kelley USA wrote:According to the City Council Agenda, another Fortune 500 company or an existing Fortune 500 company already in Irving is looking to relocate / expand. There's an agenda item for an Economic Development Incentive which reads:

Impact: Approval of this economic development incentive agreement will assist in the reinvestment of 1925 W. John Carpenter Freeway in order to attract a Fortune 500 Headquarters operations seeking to expand its presence in Irving

The property in question is right next door to McKesson.


Ah, the hardened old BOA building built to withstand a plane impact... our office was there in 1998-2001...

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Kelley USA
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Re: Las Colinas/North Irving Development

Postby Kelley USA » 02 Jun 2020 09:22

It's a locked article, but more info about the Economic Development Incentives for 1925 John Carpenter Frwy.

https://www.bizjournals.com/dallas/news ... s_headline

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Zmitz
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Re: Las Colinas/North Irving Development

Postby Zmitz » 02 Jun 2020 09:39

In exchange for a 75 percent reimbursement of all taxes paid on the building through June 30, 2038, the owner must procure a Fortune 500 tenant to move its headquarters to the building along with meeting a number of other criteria. These criteria include a minimum investment of $30 million in capital improvements, the construction of a 240,000-square-foot parking garage with 1,000 parking spaces and a minimum lease of 240,000 square feet by the company for at least 14 years.

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Tucy
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Re: Las Colinas/North Irving Development

Postby Tucy » 02 Jun 2020 11:15

Directly from the City Council agenda packet:

-- Reimbursement of the net NEW taxes paid through June 30, 2038 (not all taxes).
-- Parking garage must be constructed and Qualified Tenant must occupy the space by December 31, 2023.

-- More information on what is defined as a "Qualified Tenant" and therefore making the building eligible for the incentives
- Tenant must be a Fortune 500 company or an affiliate of a Fortune 500 company whose headquarters operations are in Irving;
- Tenant must operate the leased space as its corporate headquarters or an extension of its existing Irving headquarters operations
- Tenant's primary Business Industry is one of the following: Corporate Headquarters, Corporate Training, Foreign-Based Corporations Software & Information Technology, Telecommunications, Finance & Insurance, Health Care Specialties & Laboratories, Professional Services, Industrial Technology, National Associations.

(That list of acceptable Business Industries is just weird. At least one on the list (National Associations and probably Professional Services) would automatically be disqualified because they could not be a Fortune 500 company.)

All things considered, this looks likely to be new or expansion space for McKesson.

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Kelley USA
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Re: Las Colinas/North Irving Development

Postby Kelley USA » 02 Jun 2020 12:18

Tucy wrote: All things considered, this looks likely to be new or expansion space for McKesson.


That was my initial thought as well, but I'm not sure why this would need to be kept under wraps. I mean McKesson is already headquartered here, so I don't think it would be that big of a deal to just say "McKesson is seeking an ED incentive to upgrade and expand their Corporate presence at 1925 John Carpenter Frwy with an additional lease of 400,000 sf".

It could be McKesson Medical Surgical which currently has its headquarters in Richmond, VA. They occupy about 200,000 sf of space. They are an affiliate of McKesson.

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Kelley USA
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Re: Las Colinas/North Irving Development

Postby Kelley USA » 05 Jun 2020 10:16

The Irving City Council approved the Economic Development Incentives for whatever company may or may not be moving into 1925 W John Carpenter FRWY... While watching the meeting online I did hear general counsel indicate to a city councilman that "the deal has already been consummated". I guess we'll find out the details at some point.

Tnexster
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Re: Las Colinas/North Irving Development

Postby Tnexster » 10 Jun 2020 22:12

Hmmm, wonder who it is?

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Kelley USA
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Re: Las Colinas/North Irving Development

Postby Kelley USA » 22 Jun 2020 11:57

Something interesting caught my eye on the current City Council agenda... It's listed under Executive Session- something called Project Coast HQ2. Hmmmm….

Tnexster
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Re: Las Colinas/North Irving Development

Postby Tnexster » 23 Jun 2020 14:18

Kelley USA wrote:Something interesting caught my eye on the current City Council agenda... It's listed under Executive Session- something called Project Coast HQ2. Hmmmm….


Something is about to happen!

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Tucy
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Re: Las Colinas/North Irving Development

Postby Tucy » 23 Jun 2020 15:29

Kelley USA wrote:Something interesting caught my eye on the current City Council agenda... It's listed under Executive Session- something called Project Coast HQ2. Hmmmm….


I hope it wasn't this HQ2: "[*]https://www.bizjournals.com/denver/news/2020/06/23/marqeta-names-denver-hq2.html"

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Kelley USA
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Re: Las Colinas/North Irving Development

Postby Kelley USA » 23 Jun 2020 15:46

Tucy wrote:
Kelley USA wrote:Something interesting caught my eye on the current City Council agenda... It's listed under Executive Session- something called Project Coast HQ2. Hmmmm….


I hope it wasn't this HQ2: "[*]https://www.bizjournals.com/denver/news/2020/06/23/marqeta-names-denver-hq2.html"


Looks like that particular project had the codename "Project Wade". Who knows what this might be. I see codename projects come before council all the time that never come to fruition.

I would love it if this had to do with Verizon opening an HQ2 at their Hidden Ridge development.

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Tucy
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Re: Las Colinas/North Irving Development

Postby Tucy » 23 Jun 2020 15:49

Kelley USA wrote:
Tucy wrote:
Kelley USA wrote:Something interesting caught my eye on the current City Council agenda... It's listed under Executive Session- something called Project Coast HQ2. Hmmmm….


I hope it wasn't this HQ2: "[*]https://www.bizjournals.com/denver/news/2020/06/23/marqeta-names-denver-hq2.html"


Looks like that particular project had the codename "Project Wade". Who knows what this might be. I see codename projects come before council all the time that never come to fruition.


Would a project such as these carry the same code name in every city they are looking at? I would rather think not, as it would make it that much easier to learn who your competition is.

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Kelley USA
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Re: Las Colinas/North Irving Development

Postby Kelley USA » 23 Jun 2020 16:59

Tucy wrote:
Kelley USA wrote:


Looks like that particular project had the codename "Project Wade". Who knows what this might be. I see codename projects come before council all the time that never come to fruition.


Would a project such as these carry the same code name in every city they are looking at? I would rather think not, as it would make it that much easier to learn who your competition is.


I guess that could be valid! Would seem odd though for them to make a decision without even hearing what incentives the City of Irving / State of TX might offer. On another note, I am fascinated by codenames and how they come about for these projects.

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TNWE
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Re: Las Colinas/North Irving Development

Postby TNWE » 24 Jun 2020 10:06

Kelley USA wrote:
Tucy wrote:
Kelley USA wrote:Something interesting caught my eye on the current City Council agenda... It's listed under Executive Session- something called Project Coast HQ2. Hmmmm….


I hope it wasn't this HQ2: "[*]https://www.bizjournals.com/denver/news/2020/06/23/marqeta-names-denver-hq2.html"


Looks like that particular project had the codename "Project Wade". Who knows what this might be. I see codename projects come before council all the time that never come to fruition.

I would love it if this had to do with Verizon opening an HQ2 at their Hidden Ridge development.

On a tangential note, I wish the whole "HQ2" trope would go away. With Amazon, it was transparently an attempt to turn their brand cachet into cheaper office space in what was supposed to be a lower cost of living city (which NY/DC are not lol). There's no meaningful difference between a "HQ2" and any other big regional office - it's really just a flimsy pretext for saying "we want to move our corporate operations to Texas (or some other low-tax southern state), but we don't want to anger our costal workforce and/or customer base who thinks Texas has mandatory KKK rallies and gays are shot on sight, so we'll say the 'real' HQ is still in Seattle/SF/NYC"

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CTroyMathis
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Re: Las Colinas/North Irving Development

Postby CTroyMathis » 24 Jun 2020 20:44

Also, just google "Project Coast". Homework first even if it seems a no-brainer/simple harmless title. Always check, just in case. Like spell-check, with about an extra 4 seconds to read the headers that appear.

Back on it, though, I'll play and say maybe it's energy-related.

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tamtagon
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Re: Las Colinas/North Irving Development

Postby tamtagon » 24 Jun 2020 21:04

Tesla?

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Tucy
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Re: Las Colinas/North Irving Development

Postby Tucy » 25 Jun 2020 09:17

CTroyMathis wrote:Also, just google "Project Coast". Homework first even if it seems a no-brainer/simple harmless title. Always check, just in case. Like spell-check, with about an extra 4 seconds to read the headers that appear.

Back on it, though, I'll play and say maybe it's energy-related.


Following your google strategy, maybe it's a biological weapons company. ;-)

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Kelley USA
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Re: Las Colinas/North Irving Development

Postby Kelley USA » 02 Jul 2020 14:37

Looks like Northland Properties is moving forward with the first of their 2 hotels in the Star Park project. It'll be a 6 story hotel with an attached restaurant. Most likely this will the Sandman Signature Hotel with an attached Moxie's (just like what they did in Plano).


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