By Candace Carlisle | Staff Writer
Dallas Business Journal
Dallas Business Journal
When Steve Van Amburgh was picking out the groundbreaking shovels for the kick off of Raytheon Co.'s new corporate campus in Richardson, he spared no expense.
"I paid an extra $15 a shovel for gold-plated shovels," the CEO of Dallas-based development firm KDC jokingly said at Monday's groundbreaking. "Don't think it happens for free."
Van Amburgh is the tenacious brains behind the massive $1.5 billion CityLine project anchored by State Farm Insurance's new regional hub, as well as the soon-to-be developed Raytheon (NYSE: RTN) corporate campus for one of the company's business units. The Raytheon corporate deal took the longtime developer years to complete.
Construction on the Raytheon campus began earlier this month, as officials in the company's intelligence information and services business unit began to clean out the 1950s-era 1.2 million-square-foot facility in Garland.
"Thank you for your patience and not giving up on us," said Lynn Dugle, president of Raytheon’s Intelligence Information and Services business unit. "I couldn't be happier today that we are getting started on our new facility and shifting our intelligence information and services business to Richardson."
Raytheon has more than 8,000 employees in North Texas. Once complete, the three-building, 489,000-square-foot facility in Richardson will house about 1,700 employees. The CityLine development is southeast of President George Bush Turnpike and North Central Expressway.
Richardson Mayor Laura Maczka said the project helps the city strengthen its Telecom Corridor moniker with a development firm that has worked on a number of Richardson developments, including Blue Cross Blue Shield, Fossil, and the former Nortel Networks campus.
Raytheon plans to move into the new corporate campus by the end of 2015.
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