AT&T Moving Its Global Headquarters to Plano: A November 2026 Guide

Legacy West in west Plano, photographed November 3, 2026. The planned AT and T campus sits on the former Electronic Data Systems site just east of this development, at 5400 Legacy Drive. This is not a photo of the new headquarters, which is still in demolition and early construction. Photo from Wikimedia Commons, CC0 public domain dedication, cropped to fit. Original file: North Legacy West Plano - 20261103.jpg, taken November 3, 2026.

AT&T is moving its global headquarters from downtown Dallas to west Plano. The Dallas Morning News has led the reporting on the project, from the January 5, 2026, announcement through a later story on what the campus will look like and how construction is moving. The News's own pages are often behind a paywall, so this November 2026 guide also draws on City of Plano records, Community Impact, WFAA, NBC 5, and state construction filings, and it flags anything that is still unsettled.

The short version for buyers and sellers is this: a 54-acre campus at 5400 Legacy Drive is being built for about 2.2 million square feet of office space and up to 10,000 jobs, with partial occupancy targeted as early as the second half of 2028. That is a large corporate move, and it sits next to Legacy West, where Toyota opened its own North American headquarters in 2017. It is not, however, the same kind of move. AT and T is consolidating offices it already has in Dallas, Plano and Irving, and the company has said a majority of its employees would have a shorter commute to Plano. Housing demand can still shift around a new campus. It is not automatic that prices will jump.

Key Takeaways

• Where: 5400 Legacy Drive, Plano, TX 75024, on the former Electronic Data Systems campus in the Legacy business park, just east of Legacy West. Dallas-based developer KDC is building the project.
• Size and jobs: The city's incentive agreement requires at least 2 million square feet and up to 10,000 full-time jobs. October 2026 state filings, as reported by Community Impact and the Dallas Morning News, describe about 2.2 million square feet of office space. The campus is designed for 10,000 employees.
• Investment: Plano's agreement requires a minimum of $1.35 billion in construction costs. That is a contractual floor, not a disclosed budget. AT and T's Michael Ford later declined to say how much the company would actually spend, the News reported.
• Timeline: Site work began in April 2026, and parts of the old EDS campus were imploded in August. State filings pointed to a December 1, 2026, construction start and a March 31, 2029, finish. CEO John Stankey has said the company is targeting partial occupancy "as early as the second half of 2028." The city agreement requires occupancy by December 31, 2029.
• Incentives: On February 23, 2026, Plano's City Council approved a performance-based package of up to $20 million in grants, plus a 65 percent city property-tax rebate on new value for 25 years. The company has to meet building, spending and job benchmarks to collect.
• Downtown Dallas: The future of the current headquarters is not settled. AT and T's lease at 37-story Whitacre Tower, 208 S. Akard St., runs through December 31, 2031. The $100 million Discovery District, which opened in 2021, has no announced plan. The company has not said what presence it will keep in Dallas.
• For housing: This is a consolidation of existing Dallas-Fort Worth offices, not a relocation of thousands of households from another state. Compare it carefully with Toyota at Legacy West. Use current, dated sale comps, not the announcement, to price a house.

Where the Headquarters Is Going

The campus is planned for 5400 Legacy Drive, at Legacy Drive and Parkwood Boulevard in west Plano's Legacy business park. CEO John Stankey told employees on January 5, 2026, that the site covers 54 acres and would let the company "cost effectively consolidate all Dallas-Fort Worth Metroplex administrative space, including our three largest locations in Central Dallas, Plano and Irving," according to the Dallas Morning News's January report and coverage the same day by WFAA and NBC 5.

The land is the former headquarters of Electronic Data Systems, the information-technology company founded by H. Ross Perot Sr. A City of Plano news release on February 23, 2026, notes that the EDS campus opened in 1992 and helped establish Legacy as one of the city's main employment centers. The site later became part of a planned life-sciences project, the Texas Research Quarter, under Dallas investment firm NexPoint. In October 2026, the Dallas Morning News reported that a KDC-affiliated company, KDC Legacy Eagle HQ Development One, LLC, had purchased the 54 acres from NexPoint affiliates and is the project owner on state filings.

KDC, a Dallas developer, is the firm behind the campus. The News has noted that KDC also developed Toyota's North American headquarters in Plano and has built more than 8 million square feet of office space in the Legacy area. Michael Ford, AT and T's head of global real estate and security, has described the design around flexibility, so the campus "sort of flexes to the employee," in comments reported by the News.

The old EDS buildings are coming down. The News reported that work on the site began in April 2026 and that portions of the former campus, including executive buildings sometimes called the "God Pod," were imploded in August.

Size, Jobs and Cost

These are the figures that have been published, with the source and the kind of number (a design target, a contractual minimum, or a filing estimate) labeled, because they are not all the same thing.

Community Impact's October 16 summary of the filings included a 32,000-square-foot central utility plant; office buildings of 249,000, 225,000, 225,000, 679,000, 229,000, 318,000 and 215,700 square feet (the last described as an office lobby and food hall); and three garages of about 553,000, 1.1 million and 1.18 million square feet. Those office figures add up to a little more than 2.1 million square feet, which is consistent with the News's "2.2 million" description. One later trade summary rounded the office total above 2.3 million. We are sticking with the 2.2 million figure from the News and the Community Impact building list, and noting that Building 5 had not appeared in the October filings.

On current employment, sources use different geographies and years. The News reported nearly 6,000 workers assigned to the downtown offices in 2022, and a Dallas Economic Development figure of nearly 10,700 AT and T employees in the city of Dallas. WFAA cited about 10,000 at the Dallas headquarters, attributed to the city's Office of Economic Development. The 10,000 figure for Plano is a future campus capacity and a job-agreement target, not a count of people moving from out of state.

Timeline: When It Moves and When It Opens

• January 5, 2026: Stankey told employees the company had chosen Plano. He said the firm was targeting partial occupancy "as early as the second half of 2028."
• February 23, 2026: Plano City Council approved the incentive agreements and a zoning change back to commercial employment. The agreement requires the company to occupy the new building by December 31, 2029.
• April 2026: Site work began, according to the News.
• May 4 and September 21, 2026: Plano's planning and zoning commission approved a 280-foot antenna structure and later site-plan changes, Community Impact reported.
• August 2026: Portions of the former EDS campus were imploded.
• October 2026: KDC-affiliated filings at the Texas Department of Licensing and Regulation listed a December 1, 2026, construction start and a March 31, 2029, completion. Neither AT and T nor KDC would discuss those filings with the News at the time, according to later summaries of that reporting.
• Second half of 2028: The company's own partial-occupancy target, which is earlier than both the March 2029 filing date and the city's December 2029 occupancy deadline.

In other words, employees could begin using parts of the campus in late 2028, with construction and full occupancy stretching into 2029. An exact move-in day for the headquarters staff has not been announced.

Incentives

Plano's February 23 package is performance-based. Deputy City Manager Doug McDonald told Community Impact that the company has to meet certain metrics before it is paid. The Dallas Morning News later called it the largest incentive package the city has granted a private employer.

According to the city's news release and Community Impact's report on the city documents, the package has two main parts:

1. Up to $20 million in city-funded grants. That includes a $10 million redevelopment grant and $10 million in job grants. The job grants, per Community Impact, would be paid in phases: $4 million for maintaining the first 4,000 jobs, $4 million for reaching 8,000 jobs by the end of 2034, and up to $2 million for reaching 10,000 jobs by the end of 2039. The city's release described the job incentive as $1,000 per qualifying job, which matches a $10 million cap at 10,000 jobs.
2. A 65 percent City of Plano property-tax rebate on new property value for 25 years. Community Impact, citing city documents in February, said AT and T could choose to begin the rebate on January 1 of 2029, 2030 or 2031. A later Dallas Morning News report, summarized in October coverage, described the rebate as starting in 2030. We are leaving that start-year detail as a point to confirm in the agreement itself. If AT and T buys the property during the 25-year period, city documents said it could get a 10-year extension at a lower 25 percent rate.

In return, AT and T must build at least 2 million square feet, spend at least $1.35 billion on construction, occupy the building by December 31, 2029, and transfer, retain or create up to 10,000 full-time jobs, with a long-term presence in the city (the News has reported a 25-year occupancy term). Community Impact noted that if those benchmarks are met, AT and T would become Plano's second-largest employer, behind JPMorgan Chase.

These incentives are City of Plano commitments. They are not a Collin County or school-district package, and they do not change the tax rate on a nearby house.

What Happens to the Downtown Dallas Headquarters

This is the part that is still mostly unanswered.

AT and T moved its headquarters to Dallas from San Antonio in 2008. The News reported that its downtown footprint spans about 2 million square feet across four buildings. The current headquarters is Whitacre Tower (One AT and T Plaza) at 208 S. Akard Street. The company's lease there runs through December 31, 2031, the News reported in January and again in later coverage. The tower is owned by Pacific Elm Properties and Dundon Capital Partners. What AT and T will do with that lease, or what the owners will do with the building after 2031, has not been announced.

The Discovery District, a $100 million mix of public space and corporate campus with a large video screen, a food hall and outdoor seating, opened in 2021. The company has not said what will happen to it. Downtown Dallas Inc. told KERA in January that it knew only that the headquarters was moving to Plano, not what the future plans were. Dallas City Manager Kimberly Bizor Tolbert said the company's transition "will be gradual, and the company will remain part of our city's fabric in the years ahead." Mayor Eric Johnson said current leaders "preferred a large horizontal, suburban-style campus rather than the skyscrapers that define our city center."

Downtown Dallas Inc. has estimated that a relocation could cause a 30 percent drop in downtown property values, about $2.7 billion in overall value. That is an estimate from a civic group, published around the announcement, not a measured change in 2026 sale prices. It describes a risk to the downtown office market, not a fact that has already occurred. We are including it as context, with that limit attached.

What a Headquarters Move Can Mean for Housing

A large campus can change who wants to live nearby, but the effect depends on where the jobs come from.

Toyota at Legacy West is the closest local comparison, and it is not a perfect one. Toyota opened a 2.1-million-square-foot North American headquarters at 6565 Headquarters Drive, in Legacy West, in 2017, according to KDC's project page. KDC was the developer there, too. Toyota described the campus as a place to bring together divisions from California, New York, Michigan and Kentucky. That was, in part, a relocation of people from other states into North Texas.

Housing felt that earlier wave. In February 2015, months after Toyota announced the Plano move, WFAA reported very tight west Plano inventory (about one month for single-family homes and nine days for townhomes) and said townhomes next to the Shops at Legacy were selling about $100,000 above list. That is contemporaneous reporting, not a formal study that isolates Toyota as the only cause. Community Impact, in July 2017, the year Toyota's campus opened, described rising Plano sale prices alongside several corporate moves, including Toyota, Liberty Mutual and JPMorgan Chase, plus out-of-state buyers. New housing supply in Plano was already tighter than in Frisco or McKinney.

AT and T's move is structured differently. Stankey said the Plano site will consolidate administrative space the company already occupies in Central Dallas, Plano and Irving. The News, in January, reported that a majority of AT and T employees would have a shorter commute to the new site, based on the company's internal data. The company had also already required more U.S. employees to work on-site five days a week, as of January 2025. Many of the 10,000 eventual jobs are transfers or retentions, not necessarily new households arriving from another region.

What that suggests for buyers and sellers:

• Demand may rise closest to the campus and along the easiest commutes (the Dallas North Tollway, State Highway 121, U.S. 75 and the President George Bush Turnpike), especially if employees now driving into downtown Dallas choose a shorter trip.
• The shock is likely to be smaller, and slower, than a California-to-Texas headquarters relocation. Partial occupancy is still two years away.
• Plano is largely built out, so any extra demand may also show up in Frisco, The Colony, Allen, McKinney and Richardson, where there is a wider range of newer housing.
• A headquarters announcement is not a reason, by itself, to raise a list price or to skip a comparable-sales report.

A Plano Market Snapshot, With the Periods Labeled

The figures below are citywide medians from Redfin, which Redfin says are based on its calculations of MLS and public-records data, for the three months ending October 2026. They are not sale prices for the blocks next to 5400 Legacy Drive, and they are not a forecast for 2028.

In the same Plano window, Redfin listed a 97.2 percent sale-to-list ratio, 13.9 percent of homes sold above list, and 41.9 percent of listings with a price drop. That is a more balanced market than the mid-2010s seller's market described in the Toyota-era coverage. If you are buying or selling, ask for neighborhood comps with the dates on them. West Plano near Legacy is not the same market as east Plano, and a three-month city median can hide that.

Neighborhoods, Commutes, Schools and Taxes

Nearby neighborhoods. The campus is in west Plano, in the Legacy employment district. Homes closest in are in west Plano neighborhoods along and east of the Dallas North Tollway, including the streets around Legacy, Windhaven and Parker. Legacy West itself mixes offices, shops, apartments and hotels; it is a short hop from 5400 Legacy Drive, not the campus itself. Farther out, buyers who want a Legacy-area commute often look at Frisco immediately to the north, The Colony to the west, Allen and McKinney to the east and northeast, and Richardson to the south. Those cities are all within a typical rush-hour drive, with the usual North Texas caveat: times stretch on the Tollway and on U.S. 75.

Commute routes. The main roads to the site are the Dallas North Tollway, State Highway 121 (the Sam Rayburn Tollway), the President George Bush Turnpike, and U.S. 75. Parkwood Boulevard and Legacy Drive are the local streets at the property. Employees coming from downtown Dallas would trade a trip into the central business district for a trip up the Tollway. Employees already living in Collin or southern Denton County would, in many cases, be moving the opposite way of their current downtown commute, which is consistent with the company's comment that a majority would have a shorter drive.

Schools. West Plano addresses are generally in Plano Independent School District, but attendance zones are assigned by address and can change, and some nearby homes sit in other districts. For 2025-26, the official Texas School Report Cards page for Plano ISD shows a B rating, 85 out of 100, with 43,805 students and 69 schools. Frisco ISD, immediately north, holds an A rating, 91 out of 100, with 62,627 students and 76 schools. Allen, McKinney, Richardson and The Colony have their own districts and, in some neighborhoods, overlapping zones. Look up the specific campuses for a house on txschools.gov and confirm the zone with the district.

Tax rates. The Collin County Tax Assessor's 2026 rate sheet lists these adopted rates per $100 of taxable value. A home's total bill also depends on other overlapping jurisdictions, exemptions and the appraised value.

The Colony is in Denton County, so its city and county rates are not on this Collin County sheet. Plano offers a homestead exemption and an over-65 tax freeze, per the same table; confirm current exemptions with the appraisal district before you estimate a tax bill. School and city rates can change each year.

What Is Still Unconfirmed

• The exact opening day for the headquarters staff, and how phased occupancy in late 2028 will work.
• AT and T's actual construction budget. The $1.35 billion figure is a minimum in the incentive contract. Ford declined to disclose the spend.
• Building 5 and any space not included in the October TDLR filings.
• The start year of the 65 percent tax rebate (city documents in February gave AT and T a choice of 2029, 2030 or 2031; later reporting described 2030).
• What happens to Whitacre Tower after the move, and to the Discovery District. No plan has been announced. The lease runs through the end of 2031.
• How many of the 10,000 jobs will be new hires rather than transfers from existing Dallas, Plano and Irving offices.
• Any measured effect on nearby home prices. Occupancy is still years away. Do not treat the announcement as a price forecast.

Frequently Asked Questions

When is AT and T actually moving to Plano? The company has said it is targeting partial occupancy as early as the second half of 2028. The city's agreement requires occupancy by December 31, 2029. State filings listed a March 31, 2029, construction finish. No single move-in date has been announced.

Where will the campus be? 5400 Legacy Drive, on the former EDS site in Plano's Legacy business park, just east of Legacy West.

How many people will work there? The campus is designed for 10,000 employees. The city agreement uses "transfer, retain, or create" up to 10,000 full-time jobs by the end of 2039, with earlier benchmarks at 4,000 and 8,000 jobs.

Is downtown Dallas losing AT and T completely? That is not decided in public. The Whitacre Tower lease runs through December 31, 2031, and the company has not announced plans for the Discovery District. Dallas officials have said the transition will be gradual.

Will this raise my home's value? Not automatically, and not on a set timetable. Toyota's 2017 Legacy West campus is a useful comparison, but that move brought employees from other states. AT and T is consolidating offices already in the Metroplex. Use current neighborhood comps.

Which schools serve homes near Legacy? Many west Plano addresses are in Plano ISD (B, 85, for 2025-26). Nearby Frisco addresses are often in Frisco ISD (A, 91). Always confirm the zone for a specific property.

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Thinking About Buying or Selling Near Legacy?

OnDemand Realty helps buyers and sellers across Dallas-Fort Worth, including Plano, Frisco, Allen, McKinney, Richardson and The Colony. If a shorter commute to west Plano is on your list, or you are weighing a sale before the campus opens, start at www.ondemanddfw.com.

Disclaimer: This post is for general information only. Headquarters details come from the Dallas Morning News, City of Plano records and the other sources linked above, as of January through November 2026, and they can change. Construction dates in state filings, incentive terms and occupancy targets are not the same thing; confirm current plans with the company and the city. Housing figures are Redfin's citywide calculations for the three months ending October 2026, not Legacy-specific comps, and are not a formal market analysis or a price forecast. School ratings are from the Texas Education Agency's 2025-26 report cards. Tax rates are from Collin County's 2026 adopted-rate sheet and do not include every overlapping jurisdiction or exemption. OnDemand Realty is not affiliated with AT and T, KDC, NexPoint, Toyota or the cities and districts named, and this is not an endorsement. Confirm property values with a current comparable-sales report.