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Richardson IQ 2020 Annual Report

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Richardson IQ 2020 Annual Report 2020 ANNUAL REPORT ABOUT THIS REPORT Prairie Creek Park ® The City of Richardson Richardson IQ 75 Campbell Creek LIVE N Plano Rd and Richardson HERE Framework Chamber of Commerce CAMPBELL have published the E Campbell Rd Richardson Innovation RICHARDSON IQ® BOUNDARY Quarter Annual Report to provide a comprehensive WORK AREAS summary of all planning HANG OUT New, modern flex space and development HERE A ordable space activities from 2020. for existing businesses This is the first year DO PLANO Scalable a ordable space of this report and is EVERYTHING for growing businesses intended to be updated HERE Specialized space for yearly. Specifically, the emerging industries Arapaho Amenities & a range Richardson Innovation Station of things to do Quarter Annual Report Trail Owens includes: ARAPAHO ARAPAHO CENTER STATION City 75 • About Richardson Hall D u c ® Hilltop Ave k “Signature” space C • About The IQ r e e k L in • Key Planning Efforts ea Specialized space for r P ar emerging industries • Key Public k N Dorothy Dr Places to gather & Improvements N Greenville Ave exchange ideas • 2020 IQ® Highlights Apollo Rd Chinatown Apollo Rd Amenities & a range of • Development Activity things to do • Property Value and Terrace Hu hines Park Park Coworking spaces Ownership Activity N Plano Rd 0 750 1,500 3,000 FEET 1 HOW TO GET HERE The Richardson Innovation Quarter is located in the heart of Richardson, Texas along U.S. Highway 75 and the Dallas Area Rapid Transit (DART) Red/Orange lines. The IQ® is easily accessible by vehicle, light rail, bus, trail, or by utilizing the 20+ miles of dedicated bike lanes in 75 Richardson. Learn more below about The IQ®’s central location in the North Texas region and how you get PLANO here! PGBT CARROLLTON DFW Airport is located 22 miles from the Richardson 121 ® ® ADDISON ADDISON IQ . It is the fourth busiest in flight operations and AIRPORT is the hub of American Airlines. DFW Airport is also RICHARDSON 78 one of only two airports in North America with a FARMERS D BRANCH A 635 L GARLAND L CEIV Pharma Certification covering all links in the A S N 114 O ROWLETT R airport supply chain. T DFW H AIRPORT 35 T O 635 L L W A Dallas Love Field is only 20 minutes from the Y Richardson IQ®. It serves 15.6 million passengers a DALLAS year and is the hub of Southwest Airlines. 183 LOVE FIELD AIRPORT 12 FORT DALLAS Addison Airport is located eight miles away WORTH IRVING from the Richardson IQ® and is the third largest 30 general aviation airport in the nation. MESQUITE Dallas Area Rapid Transit provides light rail GRAND and bus service in Richardson. The Arapaho PRAIRIE Center Station light rail and bus transit center 35 is located within the Richardson IQ®. 12 Highways: Richardson is strategically located between major freeways for easy 67 commuter access. U.S. Highway 75 is located along the western boundary of the Richardson IQ®. 2 ABOUT RICHARDSON, TX Richardson, Texas, located 12 miles north of downtown Dallas, is a vibrant 7.5M 4M 3.6M 139K 120K and diversified business community strategically located in one of the largest and brightest economic DFW DALLAS/COLLIN RICHARDSON regions in the world. Located in DFW RICHARDSON POPULATION LABOR FORCE COUNTY JOBS POPULATION Dallas and Collin Counties, the City POPULATION of Richardson is an affluent hub for many corporate headquarters and regional offices, including two Fortune 1000 companies. Richardson is home to the Telecom Corridor® Area, one of the most significant and unique high-tech business concentrations in the United States; the University of Texas at Dallas, a Carnegie “Tier One” University with more than 30,000 students; and is recognized as the International Business Capital of North Texas. Whether your company seeks the latest technological breakthrough, provides the highest level of financial service, or thrives upon the synergy of a great business and research university, Richardson is where excellence is the expectation. 3 ABOUT RICHARDSON, TX BUSINESS ADVANTAGES OF A RICHARDSON LOCATION Highest concentration of technology Central time zone and close workers in the greater Dallas area. Home to the Strong partnership with Dallas College proximity to DFW Airport and Love University of Texas - Richland Campus, located along the Field allows same-day departures at Dallas – a Carnegie City’s southern border. and returns for both the “Tier One” University east and west coasts. with more than Fly to every city in total labor the continental U.S. 1.9 force 30 30,000 MILLION within a MINUTE within four hours. students. Responsive city government and staff COMMUTE who “operate at the speed of business.” Extensive housing options from entry 4 existing 30+ level to executive homes, townhomes, DART light rail million upscale multi-family and transit- 800+ stations (two square feet oriented developments. more underway) of office, flex ACRES and public bus of parks and recreational and industrial service. facilities, golf courses and over 40 space. miles of hike and bike trails. Arts and music festivals throughout the year, including Wildflower!, the largest Diverse international community music festival in the region, plus first- where 1 of every 4 residents were class entertainment venues. Highly born in another country. Over 250 regarded dining options, K-12 from traditional public American to exotic education systems. 90% ethnic cuisines. college-bound graduates 4 ABOUT THE RICHARDSON IQ® The Richardson Innovation Quarter, ® also known as simply “Richardson IQ®” ATTRIBUTES OF THE RICHARDSON IQ or “The IQ® ,” is a 1,200-acre urban hub Attributes of the Richardson IQ with a rich heritage of innovation and entrepreneurship located in heart of Richardson’s Telecom Corridor® Area. 1,000+ 19,000+ 2NEARBY The IQ® is a living laboratory for big 1,200 BUSINESSES EMPLOYED INSTITUTIONS PERFECT FOR ideas and ground-breaking technology. ACRES START-UPS It’s a place where entrepreneurs take risks and are supported by the TO DFW AIRPORT Richardson community; where start- ups and scale-ups can collaborate and thrive; and where college graduates come to live, work and invent. It’s a UTD Campus place where special things happen. TO DALLAS ® The IQ is home to technology-related Core District start-ups, corporate research and Telecom Corridor development, manufacturers, education Richland College institutions, nonprofit organizations, restaurants, entrepreneurs, designers, researchers, inventors, educators, and students. With over 19,000 workers and more than 1,000 businesses, The IQ® spurs the creativity and collaboration that drives innovation and growth. 5 ABOUT THE RICHARDSON IQ® The Richardson Innovation Quarter has its origins TARGET AND EMERGING INDUSTRIES as home to major innovative corporations and FOR THE RICHARDSON IQ® their suppliers including Collins Radio, Ericsson and Texas Instruments in north Dallas. This concentration of some of the country’s biggest telecommunications firms became globally known as the Telecom Corridor® area. Today, the Richardson tech story continues to evolve in the Richardson IQ®. The tech sector has diversified from its telecom equipment roots and now includes companies across a wide range Aerospace Financial Gaming Headquarters Mobility of industries, and research and new academic & Defense Services & Media Innovation programs at nearby institutions signal the potential for further diversification. The Richardson IQ® is home to video game giant id Software and nano-tech labs operated by LINTEC and Zyvex. Honeywell manufactures sensors here, and Raytheon’s EO Innovations makes optical lenses. Digital Reality currently oversees nearly a million square feet of data centers, and Ericsson, Verizon, Siemens and Argo Data all have offices here too. Life Science Research Semiconductors Software & BioTech & Development 6 KEY PLANNING EFFORTS Plan our Work, Work our Plan - The Richardson Way In 2017, the Chamber of Commerce Task Force led an effort to strengthen the overall economic vitality of the area surrounding the Arapaho Center Station and create a “game plan” for private sector investment and supportive City action. A key action item that resulted from the Task Force work was consensus and support amongst stakeholders for the creation of an innovation district in order to strengthen and foster investment in the area’s economic and physical assets. The Richardson City Council was supportive of pursuing establishment of an innovation district within the study area, and in 2018 the City of Richardson developed a visioning study for the 1,200-acre district. This comprehensive study included a land use, market, mobility, and open space analysis and developed a vision and 10 main strategies to set the stage for the next generation of innovation in Richardson. Following this Study, the City of Richardson led the effort to code the vision and rezone the 1,200-acre district. The Code was unanimously approved by the Richardson City Council on December 9, 2019. As part of this new zoning code, new street-sections were adopted along with general locations for public open space and district portals. Since 2020, the City of Richardson has undertaken several studies and initiatives to continue advancing the vision for the Richardson IQ®. 7 KEY PLANNING EFFORTS Completed and Ongoing Projects Open Space and Placemaking Toolkit – Completed 2020: A toolkit that provides Richardson IQ property owners with inspirational ideas and best practices to improve and invest in their properties while providing new attractive amenities for businesses and workers. Innovation Ecosystem Analysis – Completed 2020: An analysis of the DFW innovation ecosystem, including ongoing and future biotech/life sciences activities in the region. This will help inform our feasibility study for an Innovation Center. Opinions of Probable Cost for future Capital Improvement Projects – Completed 2020: A study to evaluate the estimated costs for future roadways, parks, and infrastructure projects. The purpose of this study was to identify potential bond projects and to help prioritize future public infrastructure projects.
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