Junction 15 Apartments Ready for Influx of Transferring Toyota Employees
Plano, Texas – June 2, 2014: Toyota recently made the announcement that its headquarters in the North American region will be moving to Plano. This move is yet the largest business relocation into the city since the 1980s by the Electronic Data System. With this move, Toyota Motor Corp might bring over $7.2 billion worth of economic activities over a period of 10 years. Such figure will include $4.2 billion stemming from payroll, together with indirect and upfront expenditures, as well as property tax and sales revenue based on an analysis conducted by the Grant Thornton LLP Analytics Group.
While the relocation will require the transfer of over 3,000 employees, more manpower will be required by the upcoming Plano headquarters. In addition, there is now high demand for new apartments in Plano, TX for these employees. The mayor has confirmed the expediting of the building process for area apartments with the collaborative work of the city's major real estate backers. The good news is that Harry LaRosiliere, City Mayor of Plano, has announced the upholding of apartment buildings that have been planned to be created by the biggest home builders of the city. Junction 15 Apartments, new luxury apartments in Plano, TX, has opened reservations now to all future residents, including those Toyota employees who will be moving to the city. Junction 15 is a pet-friendly, upscale new neighborhood with apartments that include a resort-style pool, fitness center and resident coffee bar and lounge, large units with ample storage space and large living spaces. Residents will be able to enjoy quick access to Haggard Park, shopping centers, transportation hubs and more. Another announcement was made Monday the 27th of May that the move will be an essential stratagem in order to consolidate powers on corporate management for the campus close to the corporation's manufacturing hubs in the Southern region. It will be marked as second in the high-profile moves list for the giant automakers of Southern California. Previously, in 2006, Nissan made its move to the Nashville suburbs from its original Gardena location. Plano, Texas is known as a business-friendly environment in terms of taxing and regulations. Add to that the fact that there are tax incentives that come to favor the enterprise figures. The local leaders would deserve due credit for that, especially with how their administration has led to the low cost living and outstanding academic excellence factors of the city.
With great move comes a much bigger real estate flare. Though a lot of drastic changes are to be fulfilled by the company, its employees will be able to benefit from the privileges of the city as well as the affordable apartments for rent in Plano like Junction 15 that are able to be reserved now.