Raytheon Company today announced plans to move to a new state-of-the-art office complex to be built at the CityLine development in Richardson.
Raytheon will occupy 489,000 square feet in three buildings located near the intersection of President George Bush Turnpike and North Central Expressway (US 75), and will begin the move in the fourth quarter of 2015, depending on the construction schedule.
“Moving our Garland operations to this state-of-the-art facility in Richardson, Texas, will provide an outstanding modern work environment for our 1,700 employees and visitors and will allow for expansion as our business grows,” said Lynn Dugle, president of Raytheon Intelligence, Information and Services (IIS). “Our new offices will also help us support the missions of our customers and will better reflect our role as a global technology and innovation leader in such areas as information processing, big data, cyber security and weather data exploitation.”
Richardson Mayor Laura Maczka welcomed the company to the city, noting the community’s long history as a home to innovative tech companies.
“We are proud and honored to have Raytheon locating its Intelligence, Information and Services operation in Richardson,” said Richardson Mayor Laura Maczka. “Raytheon’s selection of Richardson’s Telecom Corridor® area speaks to our community’s long-standing reputation as a high-tech hub, our tech-savvy workforce and our ongoing commitment to building an environment for the world’s most innovative companies. We are also excited about this addition to KDC’s CityLine project, which is poised to become one of the region’s premier mixed-use developments, anchored by outstanding corporate citizens.”
“We are pleased to welcome Raytheon, an exceptional company, to the CityLine development,” said Toby Grove, president of KDC. “Their new campus facility will complement the entire CityLine development and enable the company to attract and retain the best possible talent for years to come.”
Throughout North Texas, Raytheon has approximately 8,000 employees, and in addition to IIS, Raytheon’s Missile Systems, Space and Airborne Systems, and various corporate operations are located in the area.
KDC has already begun the initial phase of the 2.3 million-square-foot CityLine mixed-use development with completion scheduled for 2015. The project features dense urban development set in a comfortable and accessible environment. The focal point of the initial phase will be CityLine Plaza, a centrally located urban plaza, which will offer open space for outdoor concerts and festivals, shaded gathering spots for meetings or meals and inviting walkways for enjoyable pedestrian experiences. More than 92,000 square feet of retail, restaurant and entertainment venues with sidewalk cafes and patio seating will frame CityLine Plaza and State Street.
A contemporary 150-room select service hotel will also be developed, along with 532 new urbanism multi-family residential units, a 17,000-square-foot wellness and fitness facility, and a 41,000-square-foot boutique office building. A 3.5 acre park will offer an attractive local amenity, as well as connect runners and cyclists to a trail system that runs as far south as White Rock Lake.
At full build-out, CityLine will contain approximately six million square feet of office space, two hotels, 3,925 multi-family residential units, 300,000 square feet of grocery, restaurant, entertainment and retail space, and three parks.