As Dallas sets plans to redevelop the Valley View Center mall, one of the largest headquarters in DFW, AT&T is looking at moving into the new development.
The plan will cost around $300 million and the telecom giant has put the site on their short list of places to relocate.
According to the Dallas Morning News, longtime real estate executives are betting AT&T will stay put in downtown.
Earlier this year, AT&T hired a commercial real estate broker to look into several properties where it could build a new campus.
“They are an important tenant for downtown, and I would be surprised if they left,” said Joel Pustmueller, one of the founders of commercial real estate firm Peloton Commercial Real Estate. “They are one of downtown’s biggest corporate citizens.”
AT&T relocated its headquarters from San Antonio to downtown Dallas in 2008 and occupies several buildings on South Akard Street at Commerce Street. The company still has a few years on their lease, so don’t expect them to pack anytime soon.
Demolition is set to begin late this year on Valley View Mall on LBJ Freeway.