History
Originally called El Ranchito de Las Colinas ("the Little Ranch of the Hills"), Las Colinas was developed in 1972 by cattle ranching millionaire Ben H. Carpenter. It was one of the first planned communities in the United States and was once the largest mixed-use development in the South, with a land area of more than 12,000 acres (49 km2). Urban planners were consulted to lay out the entire town, an undertaking that predated later projects in Plano, Allen and other suburbs.
During the 1980s building boom, Las Colinas became a popular location for relocating companies and office developers, attracting many corporations—including the global headquarters of four Fortune 500 companies and offices of more than 30 others, such as Exxon Mobil Corporation, GTE Telephone (now Verizon), Kimberly-Clark and Associates Corp. In 1985, the first sign of financial trouble appeared at Las Colinas due to a real estate market crash.
However, another 6,500,000 square feet (604,000 m2) of office space was built in the late 1990s boom. Residential real estate prices also rose steadily.
Read more about this topic: Las Colinas
Famous quotes containing the word history:
“I cannot be much pleased without an appearance of truth; at least of possibility—I wish the history to be natural though the sentiments are refined; and the characters to be probable, though their behaviour is excelling.”
—Frances Burney (1752–1840)
“the future is simply nothing at all. Nothing has happened to the present by becoming past except that fresh slices of existence have been added to the total history of the world. The past is thus as real as the present.”
—Charlie Dunbar Broad (1887–1971)
“When the landscape buckles and jerks around, when a dust column of debris rises from the collapse of a block of buildings on bodies that could have been your own, when the staves of history fall awry and the barrel of time bursts apart, some turn to prayer, some to poetry: words in the memory, a stained book carried close to the body, the notebook scribbled by hand—a center of gravity.”
—Adrienne Rich (b. 1929)