Toyota Breaks Ground on New Plano Headquarters

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PLANO, TX --  Toyota broke ground on its new multi-million dollar headquarters with a tundra in Plano on Tuesday. “To actually start to move dirt, there is a permanence about that,” Jim Lentz CEO of Toyota North American said. In the next year or two, the 100 acre field off 121 will be up and running.

“So this is really the next step in the process where ultimately we're going to have 4,000 new jobs created in Plano,” said Plano Mayor Harry LaRosiliere.

Along with all those new jobs come current Toyota employees who are packing up and heading to Plano. Toyota isn't sure how many folks that will be, but there are plenty who are ready to call Plano home.

“I’m excited to be a part of the first group of pioneers that are here really establishing and making a presence here in Texas,” New Yorker Alba Reyes said.

But for folks looking to make the move, finding a house could be a challenge. Realtors say Toyota coming to town is causing a boom in the DFW housing market.

“That is an extreme impact on the market, and in terms of inventory, we were already really low in this area coming out of the recession," said Michelle Chesney with Preston Bend Property.

Plano is already a hotbed for growth, and with 4,000 new hires heading here, folks have to be prepared to move fast.

“I tell my buyers, you have to be ready to drop what you`re doing and go look at a house right now, if you really want to get something. So buyers need to be aware of that,” said Chesney.

Yeah, buyer beware, but if you’re looking to sell your home, you may have just won the lottery!