Westlake Experiences Population, Housing Boom
Sep 29, 2016 08:29AM ● Published by Audrey Sellers
Photo via Town of Westlake Facebook page
Westlake is about to get a lot busier: The daytime population of 12,000 and the residential population of 1,200 are set to surge in the coming years thanks to new corporations coming to town along with numerous housing developments being completed.
The governor’s office recently announced that Sabre GLBL Inc. will expand its presence in Solana’s Westlake offices, bringing approximately 500 new jobs to the area with a $37 million capital investment. This announcement comes on the heels of Charles Schwab’s announcement to bring 1,900 employees to the area at full build-out. Schwab employees are already occupying the former Chrysler/TD Auto office complex, and the company plans to begin construction on Phase 1 of its new facility in summer 2017. The addition of both corporations will increase the current daytime population from 14,000 to 16,400.
“When people think of Westlake, a town with a population of 1,200, they don’t realize our daytime or working population is more than 10 times that,” said Tom Brymer, town manager, via press release. “Westlake has been and continues to be very appealing to corporations looking for more affordable locations, a business-savvy environment, and convenient access to DFW airport. What they find here is all of that and an oasis of natural beauty set amidst an ever-expanding urban landscape – a perfect setting to both work and live.
Parallel to these moves, the town is seeing a dramatic increase in the area’s housing developments. The Hillwood & Howard Hughes Circle T Ranch mixed-use development was also subsequently announced just north of the Schwab campus will include 275 residential units at full build out. Westlake currently has several new residential neighborhoods under construction or planned in the near future: Granada - 84 homes; Entrada - 322 single family home and townhome units over next 10 years; Quail Hollow- 92 large estate lots; and Carlyle Court - 7 lots. Other more established neighborhoods nearing completion are Terra Bella, with only 5 lots remaining out of 28 and Vaquero with only 47 lots remaining out from a total of 298.
“We are thrilled with the addition of these upper-echelon companies, which strengthen Westlake’s standing as a premier employment hub in the DFW Metroplex,” added Brymer.