IRVING, TX—Pioneer Natural Resources has chosen Hidden Ridge for its new headquarters. The building will represent the first phase of Verizon's new Hidden Ridge development. The new office building's address will be 777 Hidden Ridge, in a location at the northwest corner of Hidden Ridge and John Carpenter Freeway.

“Verizon is very pleased that Pioneer chose Hidden Ridge to build its headquarters,” said Krista Bourne, Verizon South Central market president. “With our first corporate neighbor on board, we're one step closer to our goal of enhancing the quality of life in Irving through a vibrant community that integrates work, housing and recreation.”

Since its founding in 1997, Irving has served as global headquarters for the $32 billion oil and gas company. Thanks to recent growth, Pioneer set out to find a property that would best suit its business needs and forward-thinking corporate culture, while locating its North Texas employees into one building.

“Pioneer's building will stand atop the highest point of the former Carpenter Ranch in Las Colinas, so it's only fitting that a great building site such as this go to a great company like Pioneer,” said Steve Van Amburgh, CEO, KDC. “We've worked very closely with Pioneer to design a building that amplifies the beautiful and natural surroundings of the land, yet is appropriately scaled for Pioneer's employee-focused culture and modest character.”

The 10-story office building will include a glass curtainwall and stone façade, along with a seven-story parking garage. While Pioneer currently has a fitness center and employee cafeteria, both of which KDC will incorporate into the new building, the amenities offered by the new development significantly expand options for Pioneer's employees and include retail, residential and a commuter rail station.

“We look forward to breaking ground on Pioneer's new headquarters and providing its approximately 1,500 employees with the best-in-class work environment that KDC is known for developing,” Van Amburgh tells GlobeSt.com.

Official plans for the Hidden Ridge project are yet to be released but KDC will pursue LEED silver certification. Construction is beginning this month and completion is slated for winter 2019. Austin Commercial is the general contractor, Duda Paine Architects is the design firm, HKS is the architect and Corgan Associates is the interior designer.

“Pioneer has called Irving home for almost 20 years, and we could not be more pleased to say Irving will be our home for another generation,” said Tim Dove, president and CEO of Pioneer Natural Resources. “We conducted an extensive search across North Texas, but nothing compared to this property in terms of value, access and amenities. And we are excited to join Verizon in the Hidden Ridge development.”

Pioneer's decision to remain in Irving further demonstrates the city's ability to attract and retain corporate giants. With its dedication to education, and location near airports and mass transit, many Fortune 500 companies call Irving home.

“Irving continues to attract and retain powerhouse corporations like Pioneer Natural Resources,” said Irving city manager, Chris Hillman. “Pioneer has been a tremendous corporate partner for 20 years. Their decision to remain in Irving underscores the value and convenience the city provides the many national and international corporations that call Irving home.”

Within the last 27 years, Dallas-based KDC has produced approximately 30 million square feet valued at more than $5 billion. KDC specializes in build-to-suit developments of walkable mixed-use urban environments. KDC's portfolio includes developments for Toyota North America, State Farm (Dallas and Atlanta offices), FedEx, Raytheon, Liberty Mutual and JP Morgan Chase.