KDC's $455M Wells Fargo Office Campus in Irving, TX Tops Out

In Irving, Texas, a Dallas suburb, KDC has reached a milestone in the construction of Wells Fargo's Project Falcon, a $455 million office campus. This development, spanning 850,000 square feet across two buildings, aims to be the financial institution's first net-positive energy office complex.

Collaborative Partnerships

Several key partners are involved in bringing Project Falcon to life. These include architectural and design firm Corgan, landscape and civil engineering firm Kimley Horn, and construction contractor Austin Commercial.

Development Journey

In 2022, Wells Fargo acquired the land for Project Falcon from a local investment group and secured over $30 million in financing from Irving's City Council. Construction commenced in April of the same year on the 22-acre site. Adhering to LEED Platinum standards, the campus will offer various amenities such as dining facilities, conference and wellness centers, outdoor dining areas, a coffee bar, and lounge. Furthermore, it will feature 4,000 parking spaces, a green roof, and a solar farm.

Strategic Location

Situated at 401 W. Las Colinas Blvd., the campus enjoys proximity to a DART light rail train station and is approximately 2 miles away from the Las Colinas Village shopping center. Notably, it lies within 8 miles of the Dallas Fort Worth International Airport and is only 14 miles southeast of downtown Dallas. Additionally, Project Falcon is less than a mile from Williams Square, which recently became the headquarters for the Big 12 Conference.

Dallas Office Market Overview

Dallas boasts a thriving office market, with significant construction activity underway. As of January, the Metroplex had 4.6 million square feet of office space under construction. However, the vacancy rate stood at 19.7 percent, which is 170 basis points higher than the national average.