Verizon Realty Corp. is building two large office buildings in Las Colinas as part of a $285 million construction project, according to the company's filings with the state.
The project's scope includes the construction of 2.3 million square feet of space on 13 acres near the intersection of Hidden Ridge and MacArthur Boulevard in Irving. The work will also add 3,600 parking spaces, according to the state filings.
Construction is expected to begin June 1 and will continue through May 2023.
On Jan. 30, Irving City Council amended a $24. 3 million incentive deal with Verizon, the developer behind the Hidden Ridge mixed-use project.
The amended agreement stipulates that the developer pay for building costs of a new Dallas Area Rapid Transit light rail station. That station will be located along the Orange Line near Pioneer Natural Resource’s campus between Carpenter Ranch Road and Green Park Drive, and it is expected to be complete in December.
The amended agreement also provides for additional economic incentives that would be unlocked upon the developer’s completion of additional construction projects.