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<\/p>\nAT&T plans to move its global headquarters out of Dallas proper and build a new corporate campus 20 miles north in Plano.<\/p>\n
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\n Courtesy of Downtown Dallas Inc.\n <\/p>\n
\n Visitors to downtown gather at the AT&T Discovery District.\n <\/p>\n
The new campus will be on 54 acres at 5400 Legacy Drive, according to a statement AT&T<\/a>\u00a0shared with Bisnow.\u00a0<\/p>\n \u201cThis location will provide us with the necessary room to cost effectively consolidate all Dallas-Fort Worth Metroplex administrative space, including our three largest locations in Central Dallas, Plano and Irving, and create a corporate campus designed for collaboration, innovation and engagement,\u201d CEO\u00a0John Stankey<\/a>\u00a0said in a statement.<\/p>\n The global telecommunications titan said it\u00a0hopes to begin moving into its new space during the second half of 2028.<\/p>\n The decision comes after almost a year of \u201cconsideration, deliberation and planning,\u201d according to Stankey. Company officials reportedly toured office space<\/a> in Dallas-Fort Worth suburbs such as Irving, Plano and Richardson during the summer and fall of last year. Meanwhile, downtown officials swore to retain AT&T \u201cat all costs<\/a>.\u201d<\/p>\n AT&T has had its headquarters in\u00a0Downtown Dallas<\/a> since 2008 and has a lease at Whitacre Tower through 2030.<\/p>\n The move is expected to improve the employee experience at AT&T, as the company told The Dallas Morning News<\/a> that the new location would shorten the commute for the majority of its North Texas workers.\u00a0<\/p>\n AT&T required all office employees to return in person five days a week<\/a>\u00a0starting in January of last year.\u00a0<\/p>\n \u201cThe nature of the company and our work have both evolved significantly since we moved our headquarters to Dallas in 2008, but what hasn’t changed is our belief and confidence in the Dallas-Fort Worth Metroplex as the right place to operate a thriving multinational corporation,\u201d Stankey said.\u00a0<\/p>\n AT&T spent $100M to open its Discovery District in Downtown Dallas in 2021. The company had nearly 6,000 employees at its downtown offices in 2022, according to the DMN.\u00a0<\/p>\n Should AT&T completely move out of the city, Dallas property values could drop by 30% and lead to the loss of $62M in annual property tax revenue, the Dallas Business Journal reported last year<\/a>.<\/p>\n \u201cAT&T\u2019s transition will be gradual, and the company will remain part of our city\u2019s fabric in the years ahead,\u201d Dallas City Manager\u00a0Kimberly Bizor Tolbert<\/a>\u00a0told the DMN.<\/p>\n AT&T’s desire for a \u201cnew horizontal location with significant acreage for development\u201d was the tipping point for the move, Tolbert said.<\/p>\n