The Arlington City Council on Tuesday approved a development agreement for D.R. Horton, Inc. that will assist the nation’s largest builder with its corporate relocation to the city. This move will bring an expected 500 jobs to Arlington.According to city leaders, the site has some development challenges which is why D.R. Horton approached the city for financial assistance to help improve the infrastructure. The City of Arlington’s $5.5 million development grant will assist D.R. Horton with improvements to drainage, roadways, structured parking and other infrastructure.The company plans to invest more than $20 million to build an approximately 150,000 square-foot campus and parking facility on six acres located along the I-30 Frontage Road just east of N. Collins Street. The relocation will provide D.R. Horton a company-owned headquarters conveniently located in the heart of North Texas with great access to DFW International Airport.“D.R. Horton’s decision to move to Arlington continues our momentum in building investment in our economy,” said Arlington Mayor Jeff Williams. “Having ‘America’s Builder’ return to the American Dream City is a tangible example of our great business environment and commitment to provide quality job opportunities for Arlington residents.”D.R. Horton, Inc. currently employs approximately 6,300 employees nationwide. The company is #354 on the 2015 Fortune 500 list, operates in 79 markets in 27 states across the United States, and closed 34,684 homes in the 12-month period that ended June 30, 2015. Since its founding, D.R. Horton has built more than 500,000 homes, positioning the company as America’s largest builder by volume for 13 consecutive years. The company was created more than three decades ago with a vision of building “livable and affordable new homes with unmatched efficiencies and uncompromising quality.”“D.R. Horton’s return to Arlington is exactly the type of transformative development that we envision for our Entertainment District,” said Economic Development Committee Chair Jimmy Bennett. “The addition of quality, class A office product by a Fortune 500 company puts us well on our way to creating a central business district surrounded by Arlington’s world-class amenities, right in the heart of the Metroplex.”In addition to this announcement, since April 2015, Arlington has announced that:
- General Motors will invest $1.4 billion for an expansion at the Arlington Assembly Plant, the largest single plant investment in the United States this year. General Motors is one of the biggest employers in Arlington and North Texas and is a key part of the City’s economic foundation. In making the announcement, General Motors managers and labor leaders noted this investment sets up GM to be in Arlington for generations to come and that every job created at the plant equates to 9 new jobs created in the economy.
- Trammell Crow Company, one of the nation’s largest commercial real estate developers and investors, has entered into an agreement with the City of Arlington to serve as the developer of an 18+ acre site located on I-30 and Collins. The site has the ability to accommodate up to 1 million square feet of premier, Class A office space.
“We are excited to be working with the City of Arlington to develop this premier gateway site into the City of Arlington overlooking the Globe Life Park and AT&T Stadium,” said Denton Walker, Senior Managing Director with Trammell Crow Company’s Dallas-Fort Worth Business Unit. “We believe this is an incredible build-to-suit opportunity for a new corporate headquarters in one of the best located cities in North Texas that is focused on attracting and expanding its corporate headquarter base.”