News Flash

Irving: Investing in Our Future

Posted on: January 1, 2017

Cranes, Trains and Automobiles: Irving hits 30-year construction record

Water Street artist rendering - Irving TX

Photo: Water Street artist rendering.

While most people see them as concrete strips ? highways and runways glimmer gold to investors and developers.

The state’s strong economy, combined with Irving’s numerous transportation assets, are translating to a massive increase in national and international corporate, commercial and retail development.

The numbers are illuminating.

During the past fiscal year, Irving’s construction valuation topped $819 million — the highest in 30 years. Six years ago, it was $348 million, less than half of today’s number. The city issued 616 new home permits last year — more than double the number from six years ago. The average new home permit value is just under $400,000.

So what does this mean?

It means thousands of new, good jobs. It means Irving’s commercial vacancy rate is so low, new office buildings are under construction to satisfy demand. It means lots of nice, new homes; new restaurants; new retail; and more visitors. Lastly, all the construction drives additional tax revenue that helps the city fund critical infrastructure — roads and underground utility needs. An important fact to know: Irving’s corporations and businesses contribute 73 percent of Irving’s tax base, a tremendous benefit to residents and one very few cities can claim.

Growth along Irving’s major corridors is booming.

State Highway 161 – Five large industrial projects totaling nearly 2 million square feet currently are underway along this busy corridor. Each project is part of a multibuilding industrial park, all in various stages of construction in west Irving. The facilities already are attracting interest from top industrial companies. Also along this corridor, Healthcare Associates will build a new medical campus, and QTS has committed to expanding its data center.

State Highway 183 – Several years ago, knowing reconstruction was coming to SH 183; the city began razing old structures and moving utilities to prepare for redevelopment — and now plans for that are underway. In the past 18 months, the city has issued $24 million in building permits for commercial projects along SH 183. That is up from about $4 million during the prior 18 months. The city has a number of prospects already committed and more in the pipeline. Where residents may view road construction along SH 183 as an annoyance, commercial businesses see opportunity.

State Highway 114 to Interstate Highway 635 – This corridor is a major attraction. Verizon is planning the $1.5 billion, 110-acre development called Hidden Ridge that is expected to provide more than 7,000 jobs and attract more than $1 billion in investment. The mixed-use development will include a new DART station, along with offices and multifamily residential, hotel and retail space, surrounded by planned greenspace. Pioneer Natural Resources will anchor the development with a 750,000-square-foot headquarters office on 35 acres, a great addition to Verizon’s existing 2,000-person campus.

Additionally, a tremendous amount of construction is occurring along Belt Line, Freeport and IH 635. Japan’s OKI Data Americas recently opened a new corporate office. Two residential developments, The Bridges and Parkside, are moving ahead at record pace, with homes averaging around $450,000. The Bridges is slated for completion by the end of 2017, and Parkside is on schedule to be built out by the end of 2020. Restaurants continue to be attracted to the IH 635 corridor near the Belt Line Road and IH 635 interchange.

Heritage District – For many years, the city has been preparing for new construction in downtown Irving. Now, a single-family home development along Delaware Creek will transform 20 acres the city owned and sold to a developer. This highly anticipated 40-home addition is adjacent to Centennial Park. A new grocery-anchored retail center at the northeast corner of MacArthur Boulevard and Sixth Street, as well as The Main Street Art Gallery, with an open-air plaza, also are in the planning stages.

Las Colinas — new entertainment options galore.

Cranes tower over the Irving Music Factory, a 250,000-square-foot entertainment project that includes an 8,000-seat amphitheater, more than 20 restaurants, an Alamo Drafthouse Cinema and more. A global entertainment company, Live Nation, will operate, book and promote acts at the amphitheater, which will incorporate state-of-the-art sound and technology. The project’s six-story parking garage is almost complete. Around the corner, on the banks of Lake Carolyn, Water Street also is underway. This massive project includes restaurants, retail and apartments. The DART rail line provides easy access to the area.

“Irving has some of the hottest property in North Texas. The developments we are attracting will deliver high-quality venues that satisfy residents’ requests for restaurants, retail, housing and businesses that bring great job opportunities,” said Irving Mayor Beth Van Duyne.

 In short, Irving is in the center of it all. With 636,000 vehicles passing by each day, DFW International Airport adjacent to it, and trains running through, Irving is a highly coveted location. For developers, investors, residents and visitors, the city continues to glimmer gold.

Facebook Twitter Email

Other News in Irving: Investing in Our Future

The original Central Fire Station and City Hall building in 2022.

Red Doors in the Heart of Heritage

Posted on: August 4, 2022
A crew places fresh asphalt on Rock Island Road.

Summer Overlay Project Kicks Off

Posted on: May 6, 2022
Lower Delaware Creek channel walls rebuilt at Grauwyler Road.

Delaware Creek Drainage Update

Posted on: April 1, 2022
A worker carefully sandblasts part of the sculpture to restore it to its original state.

Williams Square Plaza Renovation Progress

Posted on: February 23, 2022
Artist rendering of the finished Irving Boulevard, with a bike lane and wider sidewalks.

Nov. 9, 2021, Stakeholder Meeting Update

Posted on: November 12, 2021
Artist rendering of aerial view of the finished Williams Square.

Williams Square Plaza Update

Posted on: November 1, 2021
Little girl plays in the new Paws Colinas dog park with three dogs.

Paws Colinas Dog Park Now Open

Posted on: July 13, 2021
Bridge over a creek on Campion Trail.

Campion Trail Usage Soars

Posted on: June 1, 2021
A slide at the newly renovated West Park.

West Park Opens to the Public

Posted on: March 5, 2021
Monument sign at the entrance of Levy Event Plaza.

Levy Event Plaza Ready for Its Big Debut

Posted on: November 10, 2020
IPL FAQ Newsflash

Libraries to Open Makerspaces in 2021

Posted on: November 1, 2020
The sun rises behind the new Irving Signature Bridge.

Irving's Signature Bridge Nears Completion

Posted on: September 29, 2020
A repaved pathway in Mountain Creek Preserve, designed for walking and biking.

Mountain Creek Preserve Improvements

Posted on: August 11, 2020
Aerial view of a portion of the proposed new Delaware Creek Trail.

Delaware Creek Trail Construction Begins

Posted on: February 26, 2020
Monument sign at Irving's new Fire Station 4 location.

Fire Station 4 Construction Update

Posted on: January 14, 2020
Remodeled Senter Park fitness room.

Senter Park Recreation Center Now Open

Posted on: January 1, 2020
MacArthur extension at Levee Crossing into Champions Park.

Connecting to Irving

Posted on: November 1, 2019
Man hits a golf ball on the Irving Golf Club course, standing near water.

Irving Golf Club Opens

Posted on: September 5, 2019
Nighttime view of the new Main Street Plaza in downtown Irving.

Main Street Plaza Opens

Posted on: August 23, 2019
People picnicking at Levy Event Plaza during a recent festival.

Levy Event Plaza Development Ahead

Posted on: August 2, 2019
New Irving Golf Club sign with three mustang heads carved above the name.

Watch: Irving Golf Club Preview

Posted on: July 10, 2019
City Hall, Irving, Texas

Crews Repair Major Water Main Failure

Posted on: January 18, 2019
Architectural rendering of the proposed new Fire Station #4 in Irving, Texas.

Fire Station #4 Design Unveiled

Posted on: October 19, 2018
Runners along North Campion Trail in Irving, Texas.

Campion Trail Expansion Update

Posted on: July 24, 2018

Irving Golf Club Progress

Posted on: July 19, 2018
Remodeled Luzon Park, Irving, Texas

Luzon Park Reopens With All-New Features

Posted on: December 1, 2017
Workers pour concrete and level it for the new extension of North Campion Trail into Coppell.

Campion Trail Extension to Coppell

Posted on: December 1, 2017
City of Irving elected officials and staff, as well as Dallas County and Grand Prairie officials, op

MacArthur Boulevard Ribbon Cutting

Posted on: March 1, 2018
An Irving Texas playground.

Irving Parks Playground Inspections

Posted on: February 6, 2018

Georgia Farrow Expansion Plans

Posted on: January 29, 2018
Construction equipment and workers at Luzon Park, Irving, Texas.

Luzon Park Construction Underway

Posted on: January 16, 2018
Residents review plans for the renovations at Luzon Park, 2900 Luzon Drive, Irving, Texas.

Luzon Park Improvements to Begin Jan. 2

Posted on: December 29, 2017

Nursery Road Paving and Trail Project

Posted on: November 1, 2017

Capturing the Story of Irving

Posted on: November 1, 2017
The Pavilion at the Toyota Music Factory front gate.

Pavilion at the Toyota Music Factory Opens

Posted on: September 19, 2017
Fire trucks gleam in the sun on the ribbon-cutting day at Fire Station No. 12 in Irving, Texas.

Irving Fire Station #12 Opens

Posted on: August 18, 2017
Residents review plans for the renovations at Luzon Park, 2900 Luzon Drive, Irving, Texas.

Luzon Park Plans Proceed

Posted on: August 4, 2017
SouthGate Constructors representatives talk with residents about the progress on the Midtown Express

Midtown Express Open House

Posted on: May 26, 2017
Woman looking at newly installed black granite plaques in Founders Plaza - Irving TX.

Centennial Park Plaques Unveiled

Posted on: May 12, 2017
The Study: Irving’s Innovation Center - Irving TX

Converge, Collaborate, Create

Posted on: May 3, 2017
Site construction at the Music Factory, June 2016.

Irving Music Factory Site Progresses

Posted on: April 7, 2017
Worker operates heavy machinery to dig up old pavement.

Infrastructure Explained

Posted on: April 4, 2017
Newly paved drainage channel in Irving, Texas.

Watch: Drainage Projects Update

Posted on: March 28, 2017
Traffic detour on Irving Boulevard, Nov. 11, 2021, for the reconstruction project.

Dec. 14, 2021, Stakeholder Meeting Update

Posted on: December 27, 2021
The restored bank on the east side of Delaware Creek, after the main installation.

Feb. 8, 2022, Stakeholder Meeting Update

Posted on: February 22, 2022