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Richardson, Texas: A Great Place to Live, Work and Play

Richardson, Texas: A Great Place to Live, Work and PlayRecognized as one of the top 25 best places to live in the United States by Money Magazine, Richardson, Texas is one of the more affluent suburbs of Dallas.  With a population near 100,000 residents, the area is a great place for young professionals as well as families looking for a safe place to raise their children.  Known as a high-tech hub for the many telecommunications companies that call the area home, Richardson was recently named one of the happiest mid-sized cities in the United States by the national real estate blog Movoto.com.  This was based on a number of factors including its low crime rates, low unemployment, family surveys and high average annual incomes.

With job growth being an important part of any city, Richardson is one of the state’s leaders when it comes to bringing in new jobs for its residents.  With major telecommunications companies such as AT&T, Verizon, Samsung, Cisco Systems and more in the area there is a never-ending need for workers trained in electronics, information technology, business administration and other fields.  With more than 5,000 businesses operating within Richardson’s 28 square miles, the Richardson Telecom Corridor is leading the way in making the city a destination for those seeking secure, high-tech careers with major corporations.

Despite its current place as a technology leader, Richardson’s beginnings were humble at best.  Named after noted railroad contractor E.H. Richardson in 1873, the area’s population as late as 1910 was a mere 600.  In 1914 the city’s first schoolhouse, a red brick one, was built.  Ten years later the Red Brick Road, which is today’s Greenville Avenue, was constructed.  It’s generally felt the construction of this road is what set Richardson on the path of growth it has experienced.  Along with more traffic and increased property values, the population started a dramatic increase. By the 1950’s major corporations such as Texas Instruments opened offices in Richardson, starting an upward trend in population, land values and economic status.

While other areas of the country have seen tough economic times take a toll on their growth, Richardson has had the opposite happen.  One of the biggest economic development plans to hit the city in years happened in 2013 when plans were announced to build a 186-acre transit-oriented project along the Bush Turnpike.  Named CityLine development due to its location on the outskirts of the city, it’s scheduled for completion in early 2015 and includes 1.5 million square feet of office space leased by State Farm.  Overall, more than 6 million square feet of office space will be developed, as will several hotels, over 3,000 multi-family residential units, three parks and other retail and entertainment venues.

Along with State Farm, defense technology company Raytheon will also be part of the CityLine development.  A three-building project of almost 500,000 square feet will house 1,700 workers currently working in Garland, and that facility will then close.  The state-of-the-art facility will allow for added expansion and open the door for young professionals to take advantage of the residential and commercial development within CityLine, giving Raytheon a strong recruiting tool for attracting the best of the best to its new facility.

As all this development continues, Richardson is set to become an even more attractive place for families to settle down and build a life.  Great-paying high-tech jobs offering stability and growth, along with new residential development that’s close to shopping, schools, entertainment and more make the area hard to resist.  The area’s schools, known for high academics, have won many prestigious national awards, including the acclaimed Blue Ribbon Award.  Considered the highest award a public school can achieve, nine of the district’s 21 schools have won this award.  Along with the schools, the area’s public libraries have also won awards for excellence and achievement.  Building renovations and technological improvements have led to the library system setting circulation records year after year, showing the commitment Richardson has to education and families.

So if it’s a rapidly-developing area that is committed to good jobs, good housing and excellence in education you’re seeking, look no further than Richardson, TX.  Once you see what the area has to offer, you’ll be hooked on it for life.  Give us a call today to talk about the real estate that is available to purchase as well as your mortgage loan options.

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