One of many nation’s largest homebuilders is shifting its headquarters from California to Dallas.
Landsea Houses Corp., now primarily based in Newport Seashore, will transfer its company headquarters to 7,716 sq. toes of house on the tenth flooring of 1717 E. McKinney St., the corporate mentioned Monday. The workplace is in Dallas’ Uptown district.
“As a nationwide publicly traded homebuilder with communities from California to Florida, it is a strategic transfer in the very best pursuits of our shareholders,” CEO John Ho mentioned in an announcement.
“Along with the logistical benefits Dallas gives, we consider this relocation is helpful from plenty of standpoints, together with a decrease value of residing and entry to a extremely educated workforce, that are crucial as we proceed to construct our company workforce.”
Landsea Houses is lively in Arizona, Florida, Texas and California. The corporate builds single-family properties, mid- and high-rise properties and master-planned communities. In 2021, it purchased 900 tons within the 1,500-home Anthem Texas master-planned neighborhood in Kyle.
The builder ranked because the forty seventh largest within the nation with 1,640 closings and $936 million in gross income in 2021, based on the annual Builder 100 listing.
“Along with our total coast-to-coast progress technique, we’re very centered on rising our homebuilding footprint in Texas, and this transfer demonstrates our sturdy dedication to the state,” Ho mentioned.
Landsea’s transfer continues a development of California corporations relocating to the Lone Star State.
From 2015 to 2022, 271 corporations moved their headquarters to Texas bringing greater than 6,420 new jobs to the state, based on a report from Texas Financial Growth & Tourism, which is inside the workplace of Gov. Greg Abbott. Relocation exercise spiked in 2020 and 2021, based on the report.
Amongst notable California-to-Texas relocations in Dallas-Fort Value are Plano-based Toyota North America, Westlake-based Charles Schwab and Grapevine-based Kubota Tractor.