[4][3][5] Developed by the ARK Group and the City of Irving, with architecture design by the Gensler[6] firm, for roughly $US175 million,[3] the live music venue holds more than 8,000 spectators.

[2] On September 8, The ARK Group announced that venue was being renamed the Toyota Music Factory and would open the following day with a ZZ Top concert as its inaugural event.

[11] Since its opening, artists who have performed at Toyota Music Factory include Nine Inch Nails, Rosalía, Olivia Rodrigo, Tame Impala, Bob Dylan, Suicideboys, ZZ Top, Sting, Harry Styles, Charlie Puth, Robert Plant, J Balvin, Slayer, "Weird Al" Yankovic, and others.

The Toyota Music Factory also hosted The Late Show with Stephen Colbert in July 2024 as part of 2024 Major League Baseball All-Star Game festivities.

[13] Previous projects include the original Music Factory in Charlotte, North Carolina and Level Entertainment Venue in Miami, Florida.

Gensler Dallas, who designed Irving's Music Factory, has a portfolio of mixed-use developments including Legacy West[17] and The Star in Frisco.