D.R. Horton Moving Headquarters To Arlington
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ARLINGTON (CBSDFW.COM) - The Arlington City Council on Tuesday approved a development agreement for D.R. Horton, Inc. that will assist the nation's largest builder with its corporate relocation to the city. This move is expected to bring 500 jobs to Arlington.
According to city leaders, the site has some development challenges which is why D.R. Horton approached the city for financial assistance to help improve the infrastructure. The City of Arlington's $5.5 million development grant will assist D.R. Horton with improvements to drainage, roadways, structured parking and other infrastructure.
The company plans to invest more than $20 million to build an approximately 150,000 square-foot campus and parking facility on six acres located along the I-30 Frontage Road just east of N. Collins Street. The relocation will provide D.R. Horton a company-owned headquarters conveniently located in the heart of North Texas with great access to DFW International Airport.
"D.R. Horton's decision to move to Arlington continues our momentum in building investment in our economy," said Arlington Mayor Jeff Williams. "Having 'America's Builder' return to the American Dream City is a tangible example of our great business environment and commitment to provide quality job opportunities for Arlington residents."
D.R. Horton, Inc. currently employs approximately 6,300 employees nationwide. The company is #354 on the 2015 Fortune 500 list, operates in 79 markets in 27 states across the United States, and closed 34,684 homes in the 12-month period that ended June 30, 2015. Since its founding, D.R. Horton has built more than 500,000 homes, positioning the company as America's largest builder by volume for 13 consecutive years. The company was created more than three decades ago with a vision of building "livable and affordable new homes with unmatched efficiencies and uncompromising quality."
"D.R. Horton's return to Arlington is exactly the type of transformative development that we envision for our Entertainment District," said Economic Development Committee Chair Jimmy Bennett. "The addition of quality, class A office product by a Fortune 500 company puts us well on our way to creating a central business district surrounded by Arlington's world-class amenities, right in the heart of the Metroplex."
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