Toyota Construction On Schedule As Development Hits Halfway Point

Toyota has hit the halfway point in its race to the finish. Construction in Plano on the new North American HQ has hit 50% and is scheduled to open on time (known to some in the industry as a miracle) in early 2017. The price of development is a different story. Previously it was reported costs would be $350M, but it's expected to be closer to $1B, according to the Dallas Morning News. With offices in New York, California and Kentucky, more than 4,000 employees have been asked to move to the Lone Star State. Toyota aims to have about 800 employees here by the end of the year. [DMN]

Continue reading this story with a free account

Log in or register
Related Topics: Toyota
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

Wonderful Real Estate Inks Major Land Deals, Sells 1M SF Facility Near Bakersfield

From Precast To Conservation: Addressing Today's Stormwater Challenges

Southern Dallas County Developers Aim To Change Perceptions And Build Momentum

Ireland's AI Funding Boom Helps Drive Down Dublin Office Vacancy Rates

How AI Is Reshaping Brokerage Operations And Investor Portfolios

KKK Headquarters To Cultural Hub: $70M Project Bets On Fort Worth Northside Revival

From A Sleepy DFW Suburb To A $14B Silicon Hub: Inside Allen's High-Tech Boom

Rates, Rents And AI Risks: Peter Linneman's Warning For CRE

Garland, Texas, Invests In Arts And Culture To Drive Its Next Wave Of Growth

Delaware Statutory Trust Fundraising Jumps 27% From 2025

Hines Spends $170.5M On Mixed-Use Portfolio In Dallas' Bishop Arts District

CRE Finance Sentiment Index Falls To 3-Year Low As Economic Fears Mount