7-Eleven's new Irving headquarters will start this summer

Developer Billingsley Co.'s Cypress Waters development on LBJ Freeway already has four office buildings under construction and another will start soon.

"7-Eleven's building starts this summer," CEO Lucy Billingsley said. "Within two years we will have 900,000 square feet of offices open and occupied."

Billingsley was on hand Friday at the 1,000-acre project to open a new park.

Surrounding the green space, construction is underway for 175,585 square-foot headquarters for Nationstar Mortgage.

Construction is also underway on a multitenant building across from Nationstar.

And a fourth office building is being constructed for the home office of restaurant chain Cheddar's Casual Caf.

7-Eleven is moving its headquarters from downtown Dallas to a 300,000 square-foot office building Billingsley will construct just north of LBJ Freeway near Belt Line Road. The City of Irving has agreed to more than $10 million in economic incentives to lure 7-Eleven from Dallas.

Billingsley said Cypress Waters - which started in 2011 - is already ahead of expectations.

The five office buildings will house thousands of workers.

"We are thrilled with that as a launch," she said. "When we are built out we can be 4 million square feet of office - that would be 20 office buildings.

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7-Eleven's new Irving headquarters will start this summer