Back to Investments
CommercialPlano

Texas Research Quarter

215-acre mixed-use on former EDS campus: AT&T consolidating 3 DFW locations to $1.35B, 2M SF, 54-acre global HQ (10,000+ jobs by 2039), plus NexPoint life sciences hub with 4M+ SF biotech, 30,000 jobs

Investment

$4.0B

Timeline

2025-2035

Status

AT&T $1.35B HQ approved, $20M incentive approved Feb 2026, EDS demolition starting 2026, partial occupancy H2 2028

Developer

NexPoint / AT&T

Project Timeline

Progress10%
Announced
2024
Zoning & Permits
2024-08

Tax incentive approved

Groundbreaking
2025-Q1
ConstructionCurrent
2025-present
Phase 1 Open
2026-mid
Complete
2035

Analyst Commentary

AT&T Changes Everything: In January 2026, AT&T announced it's consolidating 3 DFW locations into a new 54-acre global HQ on this campus. That's ~6,000 workers leaving downtown Dallas for Plano. Combined with NexPoint's biotech vision, this 215-acre site is now the most consequential corporate campus in North Texas.

Dual Anchor: You now have telecom giant AT&T (Fortune 500, stable) + life sciences ambitions (high-growth, higher-risk). That's a compelling hedge—if biotech struggles, AT&T provides stability. If biotech succeeds, it's a bonus.

Timeline: AT&T targeting partial occupancy H2 2028. Expect rezoning news in Feb 2026. This is happening fast.

This just became Plano's safest bet. Before AT&T, TRQ was a biotech gamble. Now it's a Fortune 500 anchor with biotech upside. If you were waiting for 'proof' before buying in west Plano—this is it. AT&T's downtown exit is Plano's gain. The window to buy before this news fully prices in is closing. West Plano neighborhoods within 10 minutes of Legacy/DNT are the play.

Analysis generated January 5, 2026

Sources

Affected Areas

7502475093

Plano Context

City Total Investment$8.8B
This Project45.5%
ISD Bond (2022)$1.4B
View Plano Trajectory