Plano Greenlights Massive Life Science Project

The Texas Research Quarter (TRQ), a life science-focused innovation district planned in Plano, has been approved by the Plano City Council. The governing board okayed a development agreement with NexPoint Development Company that could create as much as $4 billion in investment. The agreement provides up to $15 million to support the $150 million first phase.

Targeting the first phase of a multiphase project, the agreement supports redevelopment and new construction at the former Electronic Data Systems (EDS) headquarters, a 91-acre site that serves as the Texas Research Quarter main campus. Future phases include additional redevelopment activity across the main campus, as well as the creation of an integrated multisite district through development at adjacent and nearby properties.

Construction on the initial phase will likely start toward the end of 2024 and will be ready for occupants by the beginning of 2026. The project aims to deliver over three million square feet of life science facilities on the main campus.