Toyota is quietly building an executive retreat, complete with a driving course, near its soon-to-open headquarters in Plano, Texas.
Toyota isn't offering details on the project, but the Dallas Morning News' real estate section reported last week that the 75-acre ranch retreat is "one of the most hush-hush developments in North Texas."
Asked for a response to the Morning News article, Toyota spokesman Aaron Fowles said only that the global automaker has executive retreats around the world.
The newspaper published an aerial photo of the ranch's racetracklike road course set amid green fields on the outskirts of Argyle, northwest of Dallas. The retreat is about 25 miles from Toyota headquarters and from the Dallas-Fort Worth airport.
The Morning News, citing tax records, said the property was valued at over $11 million and was purchased in 2014, shortly after Toyota announced it was moving its North American headquarters from Southern California to North Texas.
Neighbors of the retreat told the newspaper that they have no complaints so far and that they'd rather have the low-density Toyota project than a big housing subdivision like those going up nearby.