Raising Cane’s is ready to make big renovations at its new regional hub in Plano, and is spending a pretty penny to do it.
The Louisiana-based chicken finger chain plans to spend $100 million to renovate its 400,000-square-foot office at 5320 Legacy Dr. in Plano, company officials confirmed.
Raising Cane’s is in the middle of moving its Dallas-area Restaurant Support office, currently located at 6800 Bishop Road in Plano, to the renovated site. The company has more than 650 employees at its current site, and plans to have well over 1,000 at the new office, restaurant officials previously told The Dallas Morning News.
Work is expected to begin in June and be finished in November 2027, according to a filing with the Texas Department of Licensing and Regulation (TDLR). Details in the department’s filings are preliminary and subject to change without notice. Raising Cane’s officials declined to provide additional details about the project.
Raising Cane’s will triple its office space in Dallas-Fort Worth with the move. The Legacy Drive site was one part of the late billionaire Ross Perot’s Electronic Data Systems campus.
Plano officials encouraged the deal by offering nearly $6.2 million in incentives provided that Raising Cane’s meets certain investment and employment benchmarks.
The move comes as the chicken finger chain aims to grow even further. Raising Cane’s aims to hit $10 billion in sales by 2030, up from just $1 billion in 2018.
Sales hit $5.1 billion last year. Raising Cane’s has more than 900 locations in 42 states. Founder Todd Graves is the country’s richest restaurateur, worth $22 billion, according to Forbes.
Raising Cane’s new regional digs will be next door to one of the region’s largest real estate projects. Telecom giant AT&T plans to build its multibillion dollar global headquarters across the street at 5400 Legacy Dr. Plano officials approved $20 million worth of incentives and a lengthy tax break to fund the project — the largest incentive package given to a private employer in the city’s history.