Raytheon joining State Farm at new Richardson office campus
After almost a year of rumors, Raytheon Co. has confirmed that it will be joining State Farm Insurance in Richardson’s new CityLine development.
Raytheon will occupy an almost 490,000-square-foot office campus to be constructed near the southwest corner of Wyndham Lane and Bush Turnpike.
KDC will develop the 3-building project which will house 1,700 Raytheon workers now located in Garland.
The Raytheon complex will be built along with apartments, shops and hotels in the 186-acre mixed-use CityLine project.
Raytheon will close its Garland office location on Jupiter Road which has been in business since the 1950s.
“Moving our Garland operations to this state-of-the-art facility in Richardson, Texas, will provide an outstanding modern work environment for our 1,700 employees and visitors and will allow for expansion as our business grows,” Lynn Dugle, president of Raytheon Intelligence, Information and Services, said in a statement. ”Our new offices will also help us support the missions of our customers and will better reflect our role as a global technology and innovation leader in such areas as information processing, big data, cyber security, and weather data exploitation.”
The new office campus in Richardson will be ready late next year.
Massachusetts-based Raytheon has 8,000 employees in North Texas. Last year, the company relocated its space and airborne systems headquarters to McKinney from Southern California.
“Raytheon’s selection of Richardson’s Telecom Corridor area speaks to our community’s long-standing reputation as a high-tech hub, our tech-savvy workforce and our ongoing commitment to building an environment for the world’s most innovative companies,” Richardson Mayor Laura Maczka said in a statement. “We are also excited about this addition to KDC’s CityLine project, which is poised to become one of the region’s premier mixed-use developments, anchored by outstanding corporate citizens.”
KDC began construction last summer on the CityLine development, which is projected to cost $1.5 billion when completed.
The project is located adjacent to a DART light rail station and is near the southeast corner of North Central Expressway and Bush Turnpike.
Construction is currently underway in the project on three State Farm office towers which will have 1.5 million square feet of space.
KDC last month disclosed that State Farm will add a fourth building with another 500,000 square feet. The Illinois-based insurer is expected to have close to 8,000 workers in the new regional office center, which starts opening at the end of this year.
The first phase of the CityLine project will also include more than 90,000 square feet of retail, a 150-room hotel, 532 apartments, a 17,000-square-foot wellness and fitness facility and a 41,000-square-foot boutique office building.
Apartment builder JLB Partners and KDC are building the apartment community in two sections on the west side of Plano Road.
With the Raytheon buildings now official, CityLine is the largest such mixed-use development ever constructed at one time in North Texas.
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