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Dallas’ NexPoint Eyes Potential $3.6B Investment to Create a Plano Life Sciences Hub » Dallas Innovates

Dallas-based NexPoint Development is in early talks with the city of Plano to transform a 1.6 million-square-foot former EDS campus and adjacent land into a life sciences hub, according to the Dallas Morning News.

The alternative investment firm would aim to invest $3.6 billion in the redevelopment project—called Technology x Science, or the TxS District for short—and partner with the city through its economic development incentive programs, according to the report.

Plano city manager Mark Israelson told the DMN the public-private vision—already in discussions for a year—would retool a core part of the city’s Legacy Business Park, and could provide Plano “with an opportunity to compete with New England and Southern California for industry-leading jobs and programs.”

NexPoint bought former EDS Plano campus in 2018

The project’s center would be the former Electronic Data Systems campus at 5400 Legacy Drive, which NexPoint acquired in 2018. “If we develop this, we have to bring a 1980s building into the 21st century,” NexPoint President Frank Zaccanelli told the DMN.

Meant to complement, not compete with, the The Biotech+ Hub at Pegasus Park, the TxS District plan has involved discussions with Dallas-based JLL and the Waco-based Perryman Group, whose president and CEO, Ray Perryman, told the DMN, “The NexPoint life sciences campus is an important project with the scope to make a real difference, bringing in tenants, workers, researchers and guests from around the world. Once mature, it will likely generate billions in economic output and tens of thousands of jobs.”

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R E A D   N E X T

  • Plano ISD partners with Capital One for the Savings Success program to take some of the myths out of money and turn them into financial facts.

  • Reminder Calendar

    North Texas has plenty to see, hear, and watch. Here are our editors’ picks. Plus, you’ll find our selections to “save the date.”

  • Paul Quinn College President Michael Sorrell has a vision for a global network of Urban Work Colleges that take aim at intergenerational poverty and “smash it.” The first one opened in Plano in 2018. Accepting a leadership award from the Collin County Business Alliance, Sorrell asked his staff and students to stand up. Why? Because “they’re going to come see you and talk to you about hiring students to work at your companies,” Sorrell told the audience filled with local business leaders. “And I want everyone to practice this with me: ‘Yes.’

  • The once-a-year summit on September 22 and 23 is an innovation multiplier for capital, collaboration, and commercialization. Experts in the field will discuss strategy and exchange insights—and what’s driving life science success across the region.

  • Brannon Morisoli will join the team at a time when life science is booming in North Texas. Most recently, Dallas-Fort Worth ranked for the first time in the “Top 20 U.S. metros for life science” 2022 report by CommercialEdge. 

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