Tag Archives: plano

Dallas Midtown – Dallas-sized Ambition

Post By : admin 22 June 2015 Leave a comment

One of the most ambitious developments underway not just in Dallas, but in the country is called Dallas Midtown. It’s a $4 billion project of Beck Ventures. The heart of the Dallas Midtown development is what has been known as Valley View Mall for the last few decades which Beck bought in 2012, but includes a total of 430 acres bounded by LBJ Freeway, Preston Road, Alpha Road and the Dallas North Tollway.

Dallas Midtown

You can see conceptual videos of the plan about Dallas Midtown at Beck’s website by clicking here.

By the end of 2015, Valley View Mall will be demolished along with the AMC Theatre which sits on top. The Sears store may remain standing, however, as that building is owned separately. Quite a few other properties are included in the boundaries of the development which Beck doesn’t control not the least of which is the Galleria mall itself. Beck only owns about a quarter of the property within the Midtown development, but their property is the heart of where the new construction will occur.

One unique feature of Dallas Midtown will be a 20-acre park right in the middle of it. This will be a mini version of New York’s Central Park. The wildly successful Klyde Warren Park in Dallas is only 5 acres so Midtown’s park will be 4 times the size.

Dallas Midtown will be a true mixed-use project with office buildings, 225,000 square feet (SF) of retail, numerous restaurants, an 80,000 SF  grocery store, an AMC movie theatre, 4,000 apartments, a 250-room luxury hotel, high-rise condos, and more. It will obviously take many years to fully build out a development of this scale.

Dallas Midtown 2

Beck has been working on zoning and master planning while the widening of LBJ Freeway has been under construction. If all goes according to plan, Dallas Midtown should be rising out of the ground about the time the LBJ construction is finishing up.

 

Bob Gibbons is a Real Estate Advisor & Tenant Advocate with REATA Commercial Realty, Inc. which is a tenant advisory firm based in Plano, Texas. Bob serves companies in Plano, Frisco, McKinney, Allen, Richardson, Addison, Dallas and the surrounding areas and specializes in companies which lease or buy office and warehouse properties.

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New Office Building Announced for Sam Rayburn Tollway in Allen

Post By : admin 16 June 2015 Leave a comment

It seems that most of the new buildings announced in the last couple of years have been in west Plano, Frisco or Richardson. So it’s nice to hear about something happening further north in Allen.

TIG Real Estate Services is about to break ground on a $31 million office building on the Sam Rayburn Tollway between Stacy Road and Watters Road. It will be six stories and 154,000 square feet. The Allen Economic Development Corporation owns a lot of land in that area and really wants office building development. Office buildings bring good jobs. TIG has optioned 8 acres for this project.

The building will be called Ridgeview Business Center and is the first office building on the Allen side of the Sam Rayburn Tollway. On the McKinney side of the Tollway, there is one building – Valliance Plaza – which has been there a few years.

 

Bob Gibbons is a Real Estate Advisor & Tenant Advocate with REATA Commercial Realty, Inc. which is a tenant advisory firm based in Plano, Texas. Bob serves companies in Plano, Frisco, McKinney, Allen, Richardson, Addison, Dallas and the surrounding areas and specializes in companies which lease or buy office and warehouse properties.

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Yet Another Office Building Announced for Plano

Post By : admin 4 June 2015 Leave a comment

It seems like we hear about a new office building planned for Plano every week or so. This time the announcement came from Stream Realty Partners which is planning to build a 12-story office building at the Dallas North Tollway and Tennyson Parkway. It will be called Platinum Tower giving a nod to the Platinum Corridor which Randy Garrett trademarked for the Tollway north of LBJ Freeway several years ago.

Platinum Tower

The building will be 271,000 square feet and will be the second phase of Stream’s Platinum Park development where they already have a 5-story building under construction.

More than 5 million square feet of office space is in the works for West Plano and Frisco right now. That seems like a lot, but more than half of it is already leased.

 

Bob Gibbons is a Real Estate Advisor & Tenant Advocate with REATA Commercial Realty, Inc. which is a tenant advisory firm based in Plano, Texas. Bob serves companies in Plano, Frisco, McKinney, Allen, Richardson, Addison, Dallas and the surrounding areas and specializes in companies which lease or buy office and warehouse properties.

Categories: Uncategorized