Developer Trammell Crow Co. is asking Plano’s planners for the go-in advance to construct the second tower in its Legacy business enterprise park office environment task.
Crow Co. is presently creating a 21-story, 327,000-square-foot office superior-rise on Legacy Push west of the Dallas North Tollway that is leased to pharmaceutical organization Reata.
In June, the Dallas-dependent developer filed programs with the point out for a second, 25-story tower to be constructed upcoming doorway to Reata’s high-rise. The constructing would be produced near the Legacy West mixed-use task.
Developed by HKS, the new Crow Co. place of work would expense extra than $85 million. Construction would begin in November with completion in late 2023, according to the condition filings.
And this week, Crow Co. is inquiring Plano’s planning and zoning fee for approvals to start out the 400,000-square-foot tower.
“We are in pursuit of a prospective entire creating tenant and in competitors with others in Frisco,” Crow Co.’s Jeffrey DeBruin said in a letter to Plano’s senior planner.
Real estate brokers say that a California organization is buying the Plano and Frisco current market for a significant block of office environment area. And quite a few substantial local workplace tenants are also in the marketplace.
Quite a few business office structures are proposed in Frisco’s Hall Park, Frisco Station and The Star blended-use job along the tollway.
The prepared office tower would be the most significant this sort of suburban progress in the Dallas location due to the fact the begin of the COVID-19 pandemic.
Crow Co. has a monitor history of office environment development in Legacy. The developer constructed the 13-story Legacy Tower in 2015. Crow Co. and spouse Principal Monetary bought the making to a foreign trader in 2016.