Success Stories

Deloitte LLP

The company consolidated its Irving and Dallas offices in downtown Dallas.  The existing Dallas office is in Chase Tower, where the company will expand their lease to 160,000 square feet.  The project will result in the retention of 742 jobs and the relocation of 369 jobs from Irving to downtown Dallas. The project provides an estimated $30M of new tax base for the City.

AT&T

On June 27, 2008, AT&T announced publically that it was relocating its global corporate headquarters to Dallas.  The company relocated approximately 700 employees from its headquarters in San Antonio to its existing company office complex at 208 South Akard Street and relocated its corporate aircraft to Love Field.  AT&T will maintain its corporate headquarters in the City of Dallas for a minimum of five-years. Fortune Magazine ranks AT&T tenth on its 2008 list of America’s largest corporations.  New tax base in Dallas is estimated at $120M.

Billingsley Arts Partners and 7-Eleven

Billingsley Arts Partners, Ltd. built One Arts Plaza at the northeast corner of the expanded Arts District for the purpose of retaining the corporate headquarters of 7-Eleven, Inc. This building is the first new building in downtown since 1987.

Retaining the corporate headquarters for 7-Eleven, Inc. in Dallas was an economic development priority for the City. In addition to 473,000 square feet of new office space, the project included 38,000 square feet of new retail space and 138,000 square feet of residential development. This agreement will allow the City to retain 1,000 corporate jobs as well as gain a new anchor property in the Arts District. The project provides an estimated $105M of new tax base for the City.

Comerica

Comerica Incorporated relocated its headquarters to Downtown Dallas (1717 Main Street) from Detroit, Michigan. Comerica is a commercial lending provider that is in the process of expanding its operations. The company considered relocating its headquarters to either Dallas or California. In the first half of 2007, Comerica chose Downtown Dallas for its new headquarters and created 180 jobs at the old Bank One Tower (recently renamed Comerica Tower) in Downtown Dallas. It invested $7,400,000 in new business personal property and leased 160,000 square feet on a 15 year lease with three 5-year renewal options.