by Bill Hethcock
An upscale multifamily complex with a projected price tag of $78 million is planned at a high-profile site next to the ExxonMobil corporate headquarters campus in Irving.
Dallas-based architecture powerhouse GFF is the design firm listed for the 123,630-square-foot project, according to a document from the Texas Department of Licensing and Regulation. Toll Brothers Apartment Living appears to be the developer.
The scope of work calls for a 364-unit, five-story apartment building with two courtyards and about 12,000 square feet of amenity space, according to the state document. The estimated cost is $78 million, and the project name is “Peregrine.”
The roughly 7-acre site, with an address of 6000 and 6300 Love Drive in Irving’s Las Colinas area, is owned by ExxonMobil Corp., according to a city of Irving Planning and Zoning Commission agenda from June 2021.
Toll Brothers Apartment Living applied at the time for approval of a site plan that involved rezoning the land to “Multifamily Residential 2” status to allow for the development of a complex with variances to the city’s Unified Development Code.
In a followup meeting Aug. 19 before the Irving City Council, available here by clicking Item 24, the council passed the zoning change 7-1 without discussion and without a presentation or any questions for a Toll Brothers executive who appeared before the council to speak.
ExxonMobil last month announced that it’s relocating its corporate headquarters from Irving to a campus north of Houston. The move will be completed mid-year 2023. The consolidation is part of the company’s plan to further streamline by combining chemical and downstream companies and centralizing technology and engineering, according to the energy giant.
The Peregrine project is scheduled to start May 15 and be completed by June 2024, according to the Department of Licensing and Regulation. The project is new construction and is privately funded on private land for private use, the document states.
Architecture firm GFF’s residential teams specialize in designing high-density housing for complex urban infill sites. The firm did not respond Thursday to requests for comment about the Las Colinas project.
Toll Brothers Apartment Living, the Irving-Las Colinas Chamber of Commerce and Irving Economic Development Partnership, and Access by Design Inc., a Dallas-based consulting firm listed as the registered accessibility specialist for the Peregrine facility, also did not immediately respond to calls and emails from the Dallas Business Journal requesting comment about the project.