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Fidelity Breaks Ground in Texas

Fidelity Investments of Boston broke ground for its new southwest regional headquarters in Westlake, Texas on May 7. Fidelity is consolidating its Dallas-area businesses on the 314-acre site.

Fidelity bought 100 acres and paid about $10 million for the site, according to The Fort Worth Star-Telegram.

A 700,000 square-foot building with a data center and garage will be the first complex built on the site. A cafeteria, conference center and exercise facility will also be built. About 1,700 Fidelity employees will be moved to the headquarters from Dallas and Irving.