Developers are set to break ground on a new $500 million mixed-use project in the northern Dallas suburb of Richardson, Texas. This transit-oriented development, along with the behemoth $1.5 billion CityLine site next door to it, is expected to add thousands of jobs to the area, the Dallas Morning News reported.
Located along the George Bush Turnpike and a DART station, the project will add an additional 1.35 million square feet of office space, 1,250 apartment units, 100,000 square feet of retail space and two hotels.
The Dallas Business Journal reports that BC Station Partners, the group developing the 54-acre project, have already sold a few big plots. Trammell Crow Residential starts construction next month on a 1,250-unit rental community on the site, while Transwestern, a Houston-based commercial real estate firm, announced plans to build a 450,000-square-foot office tower and hotel there.
Last month, State Farm Insurance opened the doors on its four-building campus on the adjacent CityLine site, with a Raytheon office occupying one of the buildings. Together, they will be employing around 10,000 individuals.
Richardson, home to the second largest employment force in the Dallas area, rests in what is known as the Telecom Corridor. According to their website, the region currently hosts over 25 million square feet of office space and employs around 130,000 people. Additionally, the city has the most white collar workers in a 15-minute drive radius than any other major business community in the metropolitan area. Joe Altemore, one of the principals in BC Station Partners, told the Dallas Business Journal, "The southeast quadrant of Central and the Bush Turnpike is fast becoming the front door to Richardson."
Despite what seems to be a hiring frenzy, those seeking employment enjoy much better success when they work with a skilled staffing agency to find the perfect role for them. In a bustling technology hub like the Telecom Corridor, job hunters shouldn't settle for anything less than the position they're most qualified to hold.