News around Richardson

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March 19, 2018
The Richardson Economic Development Partnership (REDP) is producing educational workshops as part of this year’s goal to concentrate on leasing at least 1 million square feet of Richardson’s 2.3 million of large blocks of Class A&B office space. Targeted workshops have thus been held for key tenant rep brokers and property owners, a major Dallas area brokerage firm, in addition to a landlords' workshop for 10 landlords representing well over 1.5 million SF of vacant space. The goal for these educational workshops is to enhance the knowledge of these key stakeholders about Richardson advantages and resources.
 
Commscope is consolidating its Richardson operations and about 400 workers to 2601 Telecom Pkwy. Commscope creates networks with products and systems that are modular, cost-effective and easy to install and maintain​.
with products and systems that are modular, cost-effective and easy to install
From The Dallas Morning News

Construction on the ballyhooed Cotton Belt Rail Line isn't slated to begin until 2019, but the public will soon get a chance to weigh in on some of the details for the $1.1 billion project.

The 45-day public input period begins later this spring when federal transportation officials release an environmental impact study for the lline, whichh will run from Plano to DFW International Airport.
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$2 billion data center company planning Richardson project
From The Dallas Morning News
 
A new $2 billion data center company is planning one of its first projects in Richardson. The Dallas-Fort Worth area was the second busiest data center market in the country in 2017, according to a report by CBRE.
EdgeCore Internet Real Estate was recently created by Mount Elbert Capital Partners, GIC and OPTrust to develop a nationwide portfolio of data centers. The company was set up with $800 million in equity to build a portfolio of $2 billion in projects.

When the new firm was announced earlier this year, EdgeCore said it planned data center campus developments in six markets, including North Texas. One of the new tech projects is planned on more than 33 acres at the northeast corner of Shiloh Road and Research Drive in Richardson, according to filings with the city. Mount Elbert Capital Partners is seeking zoning for the project.
EdgeCore's partner, Singapore-based GIC, has more than $100 billion in investments worldwide. OPTrust is one of Canada's largest pension fund investors. And Mount Elbert Capital Partners is a Denver-based private investment firm that's part of the new venture.
 
Revamped former Verizon campus in Richardson lands first tenants
A Fort Worth investor's redo of an office complex on Glenville has attracted new tenants.
Q Real Estate Holdings in 2015 purchased the former Verizon office campus on Glenville Drive. The four-building office complex, built in 1989, was redeveloped into a multi-tenant office campus. With almost 400,000 square feet, it’s one of the largest available office blocks in Richardson. Law firm and Chamber President’s Club member Berry Appleman & Leiden LLP is moving its offices into more than 60,000 square feet in the buildings. NICE Systems Technologies Inc. previously leased space for its offices in the project at 2400 N. Glenville Drive near Greenville Avenue.
Additional tenants are being sought for the remaining space.

US Ignite wraps up Gigabit Smart Cities Challenge 
US Ignite awarded Richardson a grant in 2017 to conduct a Gigabit Smart Cities Challenge to motivate local software developers to create two advanced internet applications for the Richardson US Ignite initiative. An event was held at the Eisemann Center in December, outlining the guidelines and rules to win one of two grants for $10,000.
 
Participants were given until Jan. 31 to submit a proposal for review and consideration. Seven proposals were submitted. The submitting teams pitched their application ideas and introduced their development teams to a panel of six judges on Feb. 14 and two team proposals were selected. Both teams were from UT Dallas (one a student and one a professor) and will receive $5,000 now and the second $5,000 when they demonstrate a working prototype of their application idea within a period of 6 months.


 Wildflower! tickets now on sale
Tickets are on sale Richardson’s Wildflower! Arts and Music Festival, May 18-20 at the Galatyn Park Urban Center.
Headliners include:
  • Goo Goo Dolls
  • Kool and the Gang
  • Spoon
  • Jimmy Eat World
  • Lifehouse
  • Switchfoot
  • Reckless Kelly
The Festival also includes a singer/songwriter contest, art guitar auction, the family-friendly WF! Kids area, food vendors throughout the Festival grounds, a craft beer garden and strolling entertainers, buskers and acrobats. 
Three-day passes are available for $65, and are only available in advance on the Wildflower! website. Friday and Saturday adult tickets are $30 if purchased in advance or $40 if purchased at the gate. Sunday tickets are $15 in advance, $20 at the gate. Kids ages 5-12 will be admitted for $5, and admission for kids 4 and under is free. Advance ticket sales are only available through www.wildflowerfestival.com.
Get the latest news and complete Festival information on their website and on the Wildflower! Facebook page
 
Mayor’s summer internship program kicks off
Mayor Paul Voelker, RISD Superintendent Dr. Jeannie Stone and Richardson Chamber of Commerce President and CEO Bill Sproull gathered at City Hall to officially kick off the new Richardson Mayor’s Summer Internship Program. The program, a collaboration between the City, RISD and the Chamber, will enable 50 incoming high school seniors to receive eight weeks of paid employment this summer at a local company or nonprofit. It is modeled after successful internship programs in several cities including Dallas and Plano.
The internship will involve an online application process, an all-day training class, a job fair and further training for those chosen for employment. Though not every student who participates will receive an internship, applicants will benefit from the training class and job fair, including instruction and practice in interviewing and resume writing, with each student leaving with a finished resume.
Internships will be available to students who live within RISD boundaries, with a limited number available to students who do not attend RISD schools. For more information and an application, visit www.rmsip.org. Businesses are encouraged to participate by contacting Mahsud Shamsid-Deen, RISD Director of Career and Technical Education, at mahsud.shamsid-deen@risd.org.