Nine years after Irving voters first approved spending tax money on a Las Colinas Entertainment Center, dirt is finally turning at The Music Factory along State Highway 114/John Carpenter Freeway.
Developer Noah Lazes is thrilled.
“There really is not a lifestyle entertainment center in this market, so it is very exciting to have the opportunity to create that,” he said.
The $173 million project will be anchored by a 7,000 seat Live Nation concert venue, with a central gathering plaza and 30 other restaurant and entertainment tenants. It will employ hundreds of people.
The city of Irving invested $40 million in the 18 acre project, which is located beside the site for a proposed Irving Convention Center Hotel and the existing Convention Center.
Lazes is the second developer on the project after a deal with the original group fell through.
"There’s a lot of work left to do. And we’re up for the challenge and we’re excited about it," he said.
After long haggling with the city that jeopardized the new deal, a nine to zero vote of the Irving City Council finally gave the go-ahead for construction.
“It really sets the right tone and puts the project in motion from the beginning,” Lazes said.
His firm ARC Group has built similar projects in other cities. Lazes said The Music Factory will be a combination of food and entertainment like no other place in North Texas.
“We’re trying to put the best players we can from all around the world in place here to create an international destination for our venue,” Lazes said.
The project is expected to open in a year and a half.