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Monday, June 19, 2017
It's done: Pioneer Natural Resources inks deal for its Hidden Ridge campus
The $32 billion oil and gas company will kick off the first phase of Verizon's new Hidden Ridge development.
"Pioneer's building will stand atop the highest point of the former Carpenter Ranch in Las Colinas, so it's only fitting that a great building site such as this go to a great company like Pioneer," said KDC CEO Steve Van Amburgh, in a statement.
"We've worked very closely with Pioneer to design a building that amplifies the beautiful and natural surroundings of the land yet is appropriately scale for Pioneer's employee-focused culture and modest character," he added.
The new Pioneer Natural Resources campus was expected to get underway this summer, but the deal had yet to be announced by the developer or company — despite it being common knowledge in the real estate and business community.
The 10-story office building, which will sit at 777 Hidden Ridge near Hidden Ridge and John Carpenter Freeway, will include a glass curtainwall, stone facade with an adjacent seven-story parking garage.
Pioneer will also have a fitness center and cafeteria for its employees. This new campus will sit in a proposed Hidden Ridge mixed-use development that will significantly expand the amenities for Pioneer's employees.
The development group, which includes telecom provider Verizon, behind Hidden Ridge are expected to unveil plans later this year for the $1.5 billion project.