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AT&T to Break Ground on $1 Billion Plano Campus

DFW: AT&T’s new $1 billion global headquarters in Plano is set to break ground on December 1. State filings by developer KDC show eight buildings totaling more than 2.2 million square feet on the 54-acre campus at Legacy Drive and Parkwood Boulevard. The plan also calls for parking garages and a completion date of early 2029. The largest building will span 679,000 square feet and is estimated to cost just over $200 million. So far, the filings total more than $1.05 billion while the entire headquarters is estimated to cost over $1.3 billion. AT&T officials say that the company could partly occupy the campus by the latter part of 2028. That means the Fortune 100 company could leave its downtown campus two years prior to the expiration of its lease at Whitacre Tower in 2031. AT&T received a $20 million incentive package from Plano, the largest the city has given to a private employer. 

DFW: And also, ahead for Plano – its voters now will have a say on luring the Dallas Stars to the suburbs. Proposition A on the November ballot would authorize up to five venue taxes to fund the city’s $700 million share of a $1 billion arena at The Shops at Willow Bend. The taxes would apply to rental cars, hotel rooms, tickets, arena parking and visiting NHL players’ game checks. The city says that property taxes would not increase and that Proposition A would only authorize the taxes, not codify a final arena agreement. Plano, however, would own the arena and enter a 30-year lease with the Stars, whose lease at American Airlines Center in Victory Park in Dallas expires in 2031. The arena is part of a $3 billion redevelopment of The Shops at Willow Bend that includes a $2 billion mixed-use district. Early voting is underway through October 30, and the general election is on Tuesday, November 3. 

DFW: The Dallas City Council has approved a zoning change for a 22-story luxury condominium tower in the Turtle Creek area that is expected to top $180 million. The Welborn Residences by developer Preston Cheng will replace 12 older rental townhomes on Gillespie Street. The tower would contain approximately 50 homes, including a two-story penthouse. The city council’s approval advances another project for Cheng, president of USA Infrastructure Investments. He also is developing the nearby Rosewood Residences Turtle Creek, a 17-story luxury residential high-rise near the Rosewood Mansion on Turtle Creek that is expected to be completed early next year. Plans for the Welborn Residences include an underground garage and a lobby and amenities on the lowest two floors, along with a pool, fitness facilities and a dog park. The existing rental townhomes date to the 1970s and currently occupy the redevelopment site.

DFW:  North Texas home sales slowed in September as higher mortgage rates squeezed affordability for some Dallas-Fort Worth buyers. Single-family sales fell 7% from a year earlier, while a sharper decline in pending contracts signaled fewer closings could follow. MetroTex reports that although the average sales price was up 4% to $509,000, the median sales price slipped to $385,000, with homes generally selling below original asking prices. New construction accounted for 31% of Dallas-Fort Worth-Arlington listings during the first half of 2026, adding to buyers’ choices. Across the country, meanwhile, homebuilder confidence in October fell to its lowest level since 2012, according to the National Association of Home Builders. Higher borrowing and construction costs, combined with weaker consumer confidence, are keeping prospective buyers on the sidelines. Nearly two-thirds of builders offered sales incentives, while more than four in 10 cut prices to attract buyers facing persistent affordability challenges.

WYOMING: Filmmaker Tyler Perry has once again yelled “cut!” But not for a scene in another movie, but for the price of his Wyoming estate. Perry recently bought a $30 million mansion in Puerto Rico and wants to truly offload his Jackson, Wyoming, estate. So, he’s cut $3.5 million from his $39.5 million asking price. The mountain retreat is being marketed as Perry prepares for his Caribbean relocation. The 37-acre Wyoming property features a 10,988-square-foot main house with nine bedrooms and 8.5 bathrooms, plus a separate two-bedroom, two-bathroom guesthouse. Log walls, wood-burning fireplaces, soaring ceilings and expansive windows frame views of the Teton Range. Amenities include a theater, gym, Western-style bar, pool, hot tub and access to the Snake and Gros Ventre rivers. Perry’s other holdings include a massive Atlanta-area estate and two Bahamian islands. His Beverly Hills mansion also remains listed for $57 million.

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