Mirasol Capital Closes Deal for Wells Fargo Campus in Las Colinas, Plans Lakeside Mixed-Use Project Next Door

The massive Wells Fargo campus coming to Las Colinas' Northshore District is going to have company. Mirasol Capital, which closed the deal with Wells Fargo for the new campus, is planning a 17-acre mixed-use project right next door.

The banking giant's $455 million corporate campus will anchor Mirasol's broader vision for a "modern urban environment" on Lake Carolyn.

Wells Fargo’s plans for its massive corporate campus in Irving’s Las Colinas business park took another step forward this week. Dallas-based Mirasol Capital closed the sale of the 800,000-square-foot campus to Wells Fargo as part of the investment firm’s broader plans for the Northshore District.

Wells Fargo will have company at its new home in the Northshore District development: Mirasol plans to build a 17-acre mixed-use project right next door.

Rendering of a mixed-use project in the Northshore District, a planned development on Las Colinas’ Lake Carolyn. It will be adjacent to the new Wells Fargo campus. [Rendering: GFF]

The aptly named Northshore district, located on the north shore of Las Colinas’ Lake Carolyn, is planned as a mixed-use development adjacent to the Toyota Music Factory.

Wells Fargo’s $455 million corporate campus will anchor what Mirasol envisions as a “modern urban environment.”

Mirasol said the new Wells Fargo campus is the largest office development in the Las Colinas Urban Center since the 1985 completion of The Towers at Williams Square. The Northshore District could bring 4,000 new jobs to the area, Mirasol added.

Mirasol credits the deal to a partnership with Dallas developer KDC, City of Irving officials, the Las Colinas Association, and the Irving Chamber of Commerce.

Mixed-use project will be adjacent to Wells Fargo campus

Rendering of a mixed-use project in the Northshore District, a planned development on Las Colinas’ Lake Carolyn. It will be adjacent to the new Wells Fargo campus. [Rendering: GFF]

“The Wells Fargo corporate campus fits perfectly into our vision for the Northshore District, a vibrant mixed-use development in the Urban Center of Las Colinas,” Mirasol Capital Managing Director Michael Maddox said in a statement.

Maddox says “once combined with retail, restaurants, green space, and high-end apartments, the Northshore District will be one of the most sought-after live-work-play environments in Texas.”

Rendering of a mixed-use project in the Northshore District, a planned development on Las Colinas’ Lake Carolyn. It will be adjacent to the new Wells Fargo campus. [Rendering: GFF]

Mirasol Capital said plans call for a mixed-use project (seen above) with an “elevated multifamily living experience” with retail and public open space along the lakefront. In additional, 400,000 square feet of class A office space will complement Toyota Music Factory’s entertainment district.

Wells Fargo’s planned corporate campus

The Las Colinas Urban Center at Lake Carolyn in Irving. [Image: Visit Irving Texas]

Earlier this week, Texas Gov. Greg Abbott confirmed that San Francisco-based Wells Fargo will construct a new campus in Irving’s Las Colinas Urban Center. Based around two 400,000-square-foot towers, the campus will provide a home for Wells Fargo’s 3,000 local employees, while creating 650 jobs. Dallas firm KDC has been chosen as the developer.

You can read more about the announcement of Wells Fargo campus here.

Mirasol said it acquired 39 acres in the Las Colinas Urban Center through four acquisitions from 2018 to 2019, all while developing plans for the Northshore District, a mixed-use development adjacent to the Toyota Music Factory and on Lake Carolyn.

Mirasol Capital said it pursues uncommon opportunities in real estate, technology, and entertainment that reimagine how we live, work, and play.

It leverages its network, resources, and expertise to generate superior returns over the long term, the company said. Mirasol said its vision is influenced by its founder, Steve Winn, an entrepreneur with decades of experience in pioneering new markets across the tax processing, real estate technology, and immersive entertainment industries. Winn is the founder, chairman of the board, president, and CEO RealPage, a Dallas-based provider of software and data analytics to the global real estate industry.

The story was updated on October 15, 2022, to reflect $455 million in capital investment for Wells Fargo’s corporate campus.

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R E A D   N E X T

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