Numerous commercial and residential developers are jumping at the chance of following the yellow brick road to Irving -- The Emerald City of North Texas.
Last year, Irving's construction value reached a staggering $819 million, the highest in 30 years. This growth allowed corporations and businesses developments to contribute 73 percent of the city's tax base, a boon for residents while meeting local road and infrastructure needs. More commercial and residential developments equal new restaurants, new retail chains, more tourism and -- most importantly -- more jobs in Irving.
"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," Mayor Beth Van Duyne said.
Commercial and retail developments are being constructed along major city interstates and state highways. Five industrial parks are under construction off of State Highway 161.
State Highway 183 is also seeing many investors and the city has already issued $24 million in commercial building permits. State Highway 144 to Interstate Highway 635 is seeing major developments with Verizon's 110-acre Hidden Ridge development.
Along with the new corporate offices of the Japanese based OKI Data America, the Belt Line, Freeport and Interstate Highway 635 will also continue to see a boom in residential and commercial attractions.
City planners are also working with developers to refurbish Irving's Heritage District and Las Colinas new entertainment project will give visitors various food and entertainment options.
Irving's growing attractiveness to construction developers will only draw more business and employment opportunities to North Texas' Emerald City.