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More new tenants announced for Frisco’s Wade Park

Steve Brown
March 3, 2016
 
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The first phase of Frisco’s Wade Park development is set to open next year. (Thomas Land)


Developers of Frisco’s $1.6 billion Wade Park project have disclosed two new tenants.

 

Tyler’s has leased nearly 17,000 square feet of retail space for a store that sells athletic and lifestyle apparel, footwear, eyewear and accessories.

Wade Park has also signed a lease with Steak 48, a new eatery by Arizona restaurateurs Michael and Jeffrey Mastro.


Thomas has previously announced that Whole Foods Market, iPic Theaters and Pinstripes Bowling will locate in Wade Park.

 

Other retail and restaurant tenants include Sur La Table, Yard House, Bocce Bistro, The Rustic, Arhaus, Thirteen Pies, Steel City Pops, Torchy’s Tacos, Bread Zepplin; MiniLuxe and The Lash Lounge.


 
Wade Park’s first phase is planned for 600,000 square feet of restaurant and retail space.

 

A Hotel ZaZa and a Langham Hotels & Resorts hotel have also been annoced for Wade Park.

 

The first phase of the 175-acre Wade Park project is scheduled to open next year on the Dallas North Tollway.

 

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Three more office buildings on the drawing boards at Plano’s Granite Park project

Steve Brown

March 7, 2016

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Developer Granite Properties has filed plans with the city of Plano for three more office buildings in its popular Granite Park business campus at the Dallas North Tollway and State Highway 121.

The largest of the buildings would be 18 stories with 500,000 square feet, according to the development plans.

A 12-story and a 6-story building are also planned along Parkwood Boulevard south of Highway 121.

In total the additions would add more than 1 million square feet of office space to the Granite Park development.

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Just when you thought Legacy West couldn't grow any larger:

J.C. Penney seeks approvals for big Plano office and retail complex at Legacy

Steve Brown

March 7, 2016

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J.C. Penney is seeking permission to build more than a half dozen office buildings and retail space surrounding its long-time Plano headquarters.

The zoning request ask for approvals to build the same kind of commercial development that’s underway next door at the $2 billion Legacy West complex. The campus could accommodate more than 1 million square feet of office and retail space with parking garages.

“What Penney is doing is carving up what was essentially a giant land bank,” said Barry Hand with architect Gensler, which has designed the Legacy West urban village mixed-use project under construction to the east of Penney’s property.

With construction of Legacy West, the area is now one of the fastest growing urban centers in the country.

More than 15,000 new jobs are on the way in that area.

The Penney development plan also includes about nine acres at the northwest corner of Legacy Drive and Communications Parkway where developer Fehmi Karahan plans to build a hotel tower, retail space and a new banking center for JP Morgan Chase.

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Medical giant McKesson bringing almost 1,000 new jobs to Irving in office consolidation
Steve Brown
March 10, 2016

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San Francisco-based McKesson – which distributes pharmaceuticals and medical products – is buying the former NEC Corp. of America office complex on State Highway 114 in Las Colinas.

McKesson will move 900 workers already in the Dallas-Fort Worth area to the property. And the company will create 975 additional jobs as part of the office move.

“After a thoughtful and thorough selection process, we’re excited to consolidate our Dallas-area offices into a new, state-of-the-art facility in Irving, Texas,” David Evangelista, McKesson senior vice president, said in a statement. “Investing in this new, modern work space will enable our associates to more effectively serve McKesson customers in the evolving health care industry.”

McKesson said it plans to invest $157 million in the new offices.

The two office buildings contain more than a half-million square feet of office space. McKesson is also buying adjacent land where it can expand with an additional building.

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From a DBJ article:

McKesson will immediately become the city's largest real estate deal in the last decade and will also become Irving's largest employers. In all, McKesson brings an estimated $4.7 billion total economic impact over the next decade.

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Richardson’s CityLine project lands new home community
Steve Brown
March 14, 2016

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Centre Living Homes and KDC plan to develop the 32-home community on CityLine Drive just east of Plano Road. The cluster of modern homes will be between the new CityLine Market shopping center and Raytheon Corp.’s new regional office campus.

The three-story homes will range in size from 2,750 to about 3,300 square feet.

“We already had some people asking about buying through word of mouth,” said Centre Living Homes president Trevor Brickman. “My niche is we hire good architects and do higher end, modern projects.

“The architecture was really important to KDC.”

The homes start at more than $550,000. He said the new Richardson project is set to start later this year.

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Verizon’s $1.5 billion Irving mixed-use development is poised to move ahead this week
Steve Brown 
March 16, 2016

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A Las Colinas mixed-use project would add millions of square feet of office space, shopping, apartments and hotel rooms if Irving’s City Council approves the deal this week.

A commuter rail station built at the north end of the project on Hidden Ridge Drive will connect the development with Dallas/Fort Worth International Airport, Love Field and downtown Dallas.

Plans for the development include more than 3 million square feet of office space, 85,000 square feet of retail, a 150-room hotel and hundreds of new apartments.

The project will be constructed on vacant land across from Verizon’s longtime Irving campus. Part of the development site is the Carpenter family’s original ranch, which became the Las Colinas community.

“We want to see that tidal wave of development keep coming,” Danish said. “This project is ready made for success.”

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Construction of the new DART rail station is included in the initial development.

“It’s an affirmation how important our commitment to mass transit has been,” Danish said.

The Hidden Ridge station was one of three deferred transit stops DART could still build in Irving, he said.

“We are taking what was built as a very exurban campus and working with them to build in a neighborhood center and amenities for what will be sites for several headquarters properties,” said Gensler’s Barry Hand.

KDC is talking to several potential companies that could relocate to planned office buildings in the Hidden Ridge campus.

One of the firms interested in the development is Pioneer Natural Resources, an energy firm that is already located in Las Colinas.

Pioneer now leases about 600,000 square feet in the Williams Square high-rise complex on O’Connor Boulevard.

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Pegasus Foods plans $10M Rockwall plant, creating 325 jobs
Bill Hethcock
March 14, 2016

Los Angeles-based Pegasus will build an 80,000-square-foot manufacturing facility. The project is expected to create 325 jobs and a $10 million investment, Abbott said at a Monday news conference in Austin.

“Once again, a California company has decided there is no better place to grow and operate a business than the Lone Star State,” Abbott said.

Pegasus Foods is one of many corporations moving employees to North Texas. Toyota, Liberty Mutual, Kubota, JP Morgan Chase, State Farm, Farmer Brothers and Raytheon have all announced major moves or expansions in North Texas.

The company started in in 1998. It produces frozen foods and other products and lists among its customers Trader Joe’s, Chili’s, Panda Express, Cinnabon and Walmart.

“We manufacture food,” Zaferi said. “We make food for restaurants and for supermarkets, and our product is hitting all 50 states.”

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New warehouse park will bring eight buildings on I-20 in Arlington
Steve Brown 
March 15, 2016

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Ridge Development and Invesco Real Estate will begin construction in the next quarter on the 119-acre business project at the northwest corner of I-20 and State Highway 360.

The 1.6 million-square foot Park 20/360 will have a series of speculative warehouse buildings.

The first phase will be four buildings with almost 1.3 million square feet. The first buildings are scheduled to open in early 2017.

The project is one of the largest new warehouse complexes under construction along I—20, which had more than 6 million square feet of projects being built in corridor at the end of 2015.

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Another data center project set to start in Plano’s Legacy business park
Steve Brown
March 16, 2016

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Skybox Datacenters says it will build a 21-acre project in Plano’s Legacy business park.

Called Skybox Legacy, the project will start with a 150,000-square-foot building that will open in October.

Located at Communications and Tennyson parkways, the project is planned for an expansion of up to 350,000 square feet.

Construction on the new Plano project is scheduled to start on March 29.

Other new data centers in Plano are being developed by Equinix, Stream Data Centers and Aligned Data Centers.

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Tanger Factory Outlet to be built next to Texas Motor Speedway in Fort Worth
Maria Halkias
March 16, 2016

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Tanger Factory Outlet Centers plans to build a 350,000-square-foot shopping center in Fort Worth next to Texas Motor Speedway.

The Tanger center is part of the 279-acre mixed-use project called Champions Circle being developed by Fine Line Diversified Development. The company didn’t provide an opening date or say when construction will begin.

 

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The shopping center is expected to employ 400 full-time and part-time workers during the construction phase. More than 900 jobs are expected to be created after the center opens.

 

 

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The development is 18 miles north of downtown Fort Worth at the intersection of Interstate 35W and State Highway 114.

 

 

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The development will have more retail space. The Champions Shopping Center will have an additional 540,000-square-foot of space for free-standing stores and restaurants.

 

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Ethos Group leases all of office space in new Irving Music Factory project
Steve Brown
March 21, 2016

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Developers of a mixed-use entertainment complex that’s under construction in Las Colinas said they have leased all the office space in the project to a single tenant.

ARK Group – which is building the Music Factory complex on State Highway 114 near Northwest Highway – said that Irving-based Ethos Group has leased 100,000 square feet in the office building portion of its development.

The company plans to move into the Music Factory office building late next year.

“Our primary motivation for leasing was to be in an environment that would allow our associates, clients and visitors to walk to entertainment venues.”

Scheduled to open next year, the Music Factory includes an eight-screen Alamo Drafthouse Cinema, 8,000-seat Live Nation indoor/outdoor concert hall, other entertainment venues, restaurants and specialty eateries.

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New Plano rental community near downtown will include artist lofts
Steve Brown
March 21, 2016

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The 224-unit development planned for a vacant block will provide affordable workforce housing in one of North Texas’ fastest growing communities.

“It will be a mixed-income community, and a little over half of it will be affordable based on what the resident makes,” said Jean Brown with the Plano Housing Corp., which is developing the 5.6-acre project. “It will be a transit-oriented development – it’s less than half a mile from the 15th Street DART station.”

The Plano Housing Corp. is working on a second development a few blocks away near City Hall.

“We will be doing 21 townhouses that are for sale, with seven for low- and moderate-income residents,” Brown said.

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17 hours ago, Sic'EmBears said:

It appears a new 11 story, 318-room Embassy Suites will begin construction in the Rayzor Ranch development.

Construction is expected to begin April 11, 2016 and commence May 31, 2017.

The hotel will be 217' tall.

View map here

217' tall for that building seems highly unlikely

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36 minutes ago, Sic'EmBears said:

That was my initial reaction. 

Either the FAA requested height was for the tower crane or a typographical error.

I've noticed that sometimes developers get FAA permits for taller than the structure is intended to be.  Crescent did that with their new building in Uptown Dallas, IIRC.

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Houston contractor expanding to North Texas with major project near I-20
Steve Brown
March 29, 2016

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A Houston general contractor that’s expanding operations in North Texas has broken ground on a Lancaster industrial project.

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The 468,000-square-foot distribution center is the latest project Colorado-based Huntington Industrial Partners is doing in the Dallas-Fort Worth area.

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“I saw no better location than Dallas,” CEO Michael G. Scheurich said. “There are many common core relationships within the major Texas cities.”

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Plano’s Granite Park campus will start sixth tower as major employers land next door in Legacy
Steve Brown
March 30, 2016

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Granite Properties is about to build even more.

In the next 90 days the developer will break ground for its sixth office tower at Granite Park.

The 10-story, 330,000-square-foot building will house regional offices for mortgage giant Fannie Mae.

And Granite is crafting designs for two more office high-rises — including a 20-story tower fronting on S.H. 121.

“We started out here with one building and now we have a small city,” Fuller said.

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Granite Properties has just started construction on a 29,000-square-foot shopping center that fronts on S.H. 121.

“We have 11 restaurants in total planned for Granite Park,” Fuller said. “All the retail we built has been designed around servicing our office tenants — the same for the hotel.

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The Fannie Mae tower on Granite Parkway will open in October of next year.

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Today's second ~300 room hotel proposal:

15-story Hyatt Regency hotel connected to Stonebriar Centre mall proposed in Frisco
Valerie Wigglesworth
April 4, 2016

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A proposal is in the works to build a Hyatt Regency hotel that connects to the mall. The hotel, which would be a minimum of 15 stories and 295 rooms, would also include a city-owned conference center and a small space for the city’s public library.

The hotel is being proposed by the Dallas-based Sam Moon Group, which owns the Sam Moon Trading Co. and has recently branched into the hotel business. SMG has formed Moon Stonebriar Hotel Ltd. to acquire a portion of land from General Growth Properties for the hotel project.

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The project is proposed to be built on the mall’s northwest side between Dillard’s and Nordstrom.

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The proposal also calls for 3,000 square feet on the hotel’s first floor to be available for a library that would connect to the mall. The space would be leased by the city for $1 a year for 20 years.

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Frisco has 13 hotels now and three more under construction. Several others are in the planning stages.

“We’re figuring that probably in the next two years, we will at least double our hotel inventory,” Roe said.

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Shaddock development arm buys acreage on Frisco's Brinkmann Ranch for 500-home community
Candace Carlisle
April 4, 2016

 

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"We are developing the last phase of a seven-phase development in Frisco that has been very successful and this will be a continuation of that," he added.

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Construction on home lots are slated to get underway this summer, with lots being delivered to builders by fall 2017. The builder's include Village Homes, Shaddock Homes and Darling Homes.

The new single-family homes are expected to range in price from the $400,000s to upwards of $1.2 million.

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"We very much like the Independence Parkway market," Shaddock told me. "It's two minutes north of State Highway 121 and there are a number of large, brand-new schools within walking distance of the property.

"There's also a prestige to being part of the Brinkmann Ranch property," he added.

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Allen residential project will add almost 200 homes
Steve Brown
April 5, 2016

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Allen’s city council has approved plans for a new residential community west of U.S. Highway 75 that will add almost 200 homes. 

The new Montgomery Farm Estates will be more than 85 acres south of Bethany Drive.

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There will be about 10 acres of open space.

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Homes in the Montgomery Farms neighborhoods are priced at more than $500,000.

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2-building office project set for the tollway in Addison
Steve Brown
April 6, 2016

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With his current development 80 percent leased, developer Bill Cawley is gearing up for a 2-building office project on the Dallas North Tollway in Addison.

Cawley Partners is marketing the 400,000-square-foot office project at 14555 Dallas Parkway south of Belt Line Road.

The development site on the west side of the tollway is just south of where Cawley is currently building its 6-story Tollway Center building.

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Because of strong demand for office space in that area, Cawley has almost doubled the size of his next project from original plans.

“We are looking for a lead tenant to kick off the project, and once we start it will probably 18 months before the doors open,” Cawley said.

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Florida company says it’s bringing world class water resort project to Rowlett
Steve Brown
April 6, 2016

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A Florida company plans to build an 8-acre water resort in Rowlett that will have the largest fountain in Texas.

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The company said it plans to construct one at the proposed Bayside development on Lake Ray Hubbard that will be “25 times the size of an Olympic swimming pool and equivalent to 10 football fields of water.”

“The Crystal Lagoon will be surrounded by a world class resort and marina, two condominium towers, luxury apartments, single family homes and more than 1 million square feet of mixed use retail/entertainment/restaurant/office space,” the company said Wednesday.

Construction is scheduled to start late this month on the water feature which is a centerpiece of the proposed $1 billion Bayside project.

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Along with the high-tech fountain displays and beach swimming resort, the Crystal Lagoon project will include live water and fire entertainment shows and “a state-of-the art water mist screen for interactive video.”

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Rowlett project will be Crystal Lagoon’s 12th in the U.S. The company had worked on more than 300 projects worldwide, including locations in Mexico, Chile, Egypt, India, Argentina and Dubai.

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The 257-acre project is planned on the site of the former Elgin B. Robertson Park. Donahue  and the City of Rowlett acquired the property for a mixed-use development.

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New FedEx hub lands on site of landmark Big Town mall in Mesquite
Steve Brown
April 20, 2016

 

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A Mesquite property with a storied past will be the site of a major new distribution hub.

 

FedEx will locate a large regional distribution center on the former site of the Big Town shopping center on U.S. Highway 80 near Buckner Boulevard.

 

The development tract was previously the site of the Dallas-area’s first shopping mall, which opened in 1959.

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Dallas-based developer Scott Rohrman’s 42 Real Estate LLC is building the 334,000-square-foot shipping hub for FedEx.

 

“It will take up most of the site,” Rohrman said. “We’ll have the building finished by December.

 

“But they are installing an automated sorting facility which will take six months or longer to get running,” he said. “FedEx probably won’t start operations until September of next year.”

 

FedEx chose the site because of its location at the intersection of Interstate-30 and U.S. 80 which is also close to LBJ Freeway

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The first enclosed shopping center of its kind in the state, Big Town originally had Sanger Bros., Montgomery Ward and JC Penney department stores.

 

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Site plans for Grapevine's Gaylord Texan expansion emerge
Sherelle Black 
April 20, 2016

 

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Site plans for Grapevine’s Gaylord Texan Resort and Convention Center $120 million expansion were approved at the April 19 joint Grapevine City Council and Planning and Zoning Commission meeting.

 

Plans include the construction of a nine-story guest tower comprising 303 rooms and 90,500-square-foot ballroom and conference center space, which will be constructed in an area between the existing north parking garage and the hotel.

 

The new tower is currently being utilized as a valet parking lot that contains 210 parking spaces that will be eliminated once construction begins on the expansion project.

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Gaylord officials said once the expansion is complete, Gaylord Texan will become the second largest convention center hotel not attached to a casino in the United States as measured by total self-contained exhibit and meeting space.

 

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Surf’s up! Groundbreaking next week for lakeside Crystal Lagoon project on Lake Ray Hubbard
Steve Brown
April 21, 2016

 

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Developers of the $1 billion Bayside project say they will break ground next week on the mixed-use development on Lake Ray Hubbard.

The centerpiece of the 257-acre Rowlett development is an 8-acre water resort that will stretch along the lakeshore.

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Groundbreaking for the project is scheduled for next Tuesday.

 

Along with the lagoon, Bayside is planned to include two condominium towers, luxury apartments, single-family homes and more than 1 million square feet of mixed-use retail, entertainment, restaurant and office space.

 

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Construction kicks off on new Irving industrial park
Steve Brown
April 22, 2016

 

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Developer Jackson-Shaw plans to build a new 50-acre industrial park in Irving.

 

Called Parc GSW, the industrial park will be on State Highway 161 and will start opening late this year.

 

The 2-building development will contain 682,491 square feet of space.

 

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