Friday, July 11, 2014
Toyota Motor Co.
Toyota Motor Co. has picked Dallas-based developer KDC to build its new North American headquarters in Plano.
KDC is the same company that’s building the huge State Farm Insurance campus in Richardson.
The $350 million Toyota campus will be built on 100 acres at the southwest corner of State Highway 121 and Legacy Drive. The project is expected to total more than 1 million square feet.
KDC is a partner in the group that owns the land where Toyota is building its new head offices.
And KDC is also developing FedEx Office’s new headquarters just across the street.
“We are proud to be partnering with Toyota on the development of its new home in North America,” KDC CEO Steve Van Amburgh said in a statement. “We look forward to welcoming Toyota to Plano with a state-of-the-art headquarters that truly reflects the values of the company and its employees.”
Toyota plans to move into the Plano project in 2016 and 2017. The world’s largest automaker is relocating about 4,000 jobs from Southern California, Kentucky and New York.
The Toyota campus is part of the 240-acre Legacy West development that KDC, Karahan Cos. and Columbus Realty Partners are building in West Plano.
Construction is set to begin early next year on a urban style mixed-use complex of apartments, retail and restaurant space that will serve workers at Toyota and other employees in Legacy business park.
KDC is a seasoned builder of large corporate office projects.
The commercial real estate firm is developing the 2 million square foot State Farm campus on Bush Turnpike in Richardson. And it just broke ground for an almost 500,000 square-foot office project nearby that will house operations of Raytheon Corp.
KDC has also build large-scale office projects in the area for Blue Cross Blue Shield of Texas, Fossil Inc. and Citigroup.
Steve Brown- Dallas News