Dallas developer KDC is in the running to build the sprawling Wells Fargo campus
The leading Dallas-area corporate campus developer is considering another major business venture.
KDC has built huge office enclaves for companies like Toyota, State Farm Insurance, Liberty Mutual Insurance, and Blue Cross Blue Shield of Texas.
Now, the Dallas-based commercial builder is offering a new office center for banking giant Wells Fargo, according to real estate brokers monitoring the deal.
The San Francisco-based banking company is looking to locate a huge office campus in Irving.
Irving City Council last week discussed economic incentives for the pending project.
So far, Wells Fargo does not comment on its plans for the new Dallas area campus. But the company said last week that it had no plans to move its headquarters from San Francisco.
The proposed office project in North Texas would house the workers who maintain and support the bank’s operations nationwide, according to real estate brokers.
One of the sites considered for the project is over 30 acres of land in the heart of Las Colinas, near the Irving Convention Center.
KDC officials declined to comment on the project.
But KDC is used to building offices for big banks.
The developer built the more than one million square foot JPMorgan Chase campus in Plano’s $ 3 billion Legacy West development.
And KDC built the Frost Bank headquarters in San Antonio.
In 2006, KDC built a 50-acre, over 600,000 square foot campus in Irving for Citigroup.
The proposed Wells Fargo office project – expected to total 400,000 square feet or more with room for thousands of employees – is one of the largest office developments underway in North Texas.
KDC has just formed a huge company with a Canadian investment and development firm – Cadillac Fairview – which will significantly expand its capabilities.
Cadillac Fairview acquired a 50% stake and in turn contributed to a new $ 800 million fund for mixed-use developments and corporate office campus projects across the United States.