Verizon unveils plans for community of the future

Verizon has unveiled its master plans for a mixed-use development in Irving, Texas, which includes the now under-construction 1.2 million-square-foot headquarters of Pioneer Natural Resources, the company said.

The development, which will feature an additional 1.5 million-square-feet for corporate tenants; a 200-room full-service hotel; 1,200 residential units; 80,000-square-feet for restaurant and retail space; 2-acre public green space and amenities; and a DART rail station, signifies Verizon´s unique position as land owner and lead developer.

Verizon is close to a deal with a developer for the 110-acre master plan.

In addition to providing more lifestyle options for Irving, the state-of-the art development will greatly contribute to Verizon´s and other corporate tenants´ ability to attract and retain top talent through its walkable amenities and access to the airport through the rail within a dynamic lifestyle-centered environment. The community utilizes land across the street from a Verizon campus, which currently houses 4,000 employees across various functions and business units.

Verizon, and its predecessor company, has been one of Irving´s largest employers for nearly three decades. The company´s investment in the Hidden Ridge development confirms its commitment to ensuring that Irving maintains the great quality of life that the city consistently has been recognized for – benefiting residents, employees and visitors alike.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, has a diverse workforce of 161,000 and generated nearly USD 126 billion in 2016 revenues. Verizon operates America´s most reliable wireless network, with 113.9 million retail connections nationwide.