TX developers plan office high-rise as part of $1B Plano development
- Dallas developer Rosewood Property Co. and Houston-based Patrinely Group will partner to build a 12-story, 343,800-square-foot office tower as part of the $1 billion Heritage Creekside mixed-use development in Plano, TX, according to The Dallas Morning News.
- The project, which will sit alongside the Bush Turnpike, is the first in a five-building, 2.5-million-square-foot office park development that will be part of the 122-acre Heritage complex.
- JLL will market the office space, which Rosewood President John Flaherty told The Morning News will be part of the "live, work and play" environment of the entire Heritage campus. There are currently more than 300 completed apartments on the east side of the Heritage development and a restaurant park presently under construction.
North Texas has seen major development over the past few years, and it doesn't look like that activity is about to end anytime soon.
Just this week, CyrusOne announced it would build a $1 billion data center in Allen, TX, which is only about 7 miles north of Plano. When construction is finished, it will be one of the biggest such facilities in North Texas, which is second only to Northern Virginia when it comes to data center construction.
Also looking for the urban, walkable atmosphere is Houston-based developer Hines, which announced in May it would attempt to give Allen the vibrant hub it needed with The Strand, a 3.5 million-square-foot, 135-acre, mixed-use development. The project will include 1.7 million square feet of office space, 380,000 square feet of retail and 300,000 square feet of residential. The Strand also happens to be a proposed site for the new Amazon H2Q development, the Dallas Business Journal reported.
Perhaps the development that best expresses the "Everything is bigger in Texas" adage is the "$5 billion mile" string of mixed-use development in Frisco, TX. These projects include the 91-acre Dallas Cowboys' Star in Frisco complex and the $1.5 billion Frisco Station development.
Frisco Station developers said they will build a 24-story residential tower as part of the project, and crews started construction on two Marriott hotels there. The focal point of the project will be Frisco Station, which will feature a 228,000-square-foot, seven-story office building, a 40-acre medical campus, retail and The Hub, which will offer dining and entertainment options.
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