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Real Estate Development Progresses in Plano

Steve Brown/Real Estate Editor for DMN always keeps readers ‘in the know’! 

Here’s a perfect example from Steve’s May 18, 2015 Biz Beat Blog on Liberty Mutual’s new West Plano office campus in the $2 billion Legacy West mixed-use development.

For those that might not be familiar with Steve Brown ….. he is the longstanding REAL ESTATE Editor for The Dallas Morning News. Steve’s columns  always have up to the minute information regarding anything to do with Real Estate in North Texas.  And as a licensed Realtor/Broker Steve Brown’s columns helps Smith & Smith Realty keep up to date on news worthy information  in our day to day business planning within our trade area of Dallas, Plano, Frisco, Carrollton, Lewisville and The Colony.

Real Estate Development in Plano

If you might follow any of SSRE’s BLOGS that we post on one of our four web sites: planohomesandland , dallashomescenter, friscohomesandland, or dallashomesandland you’re likely to see information garnished from one of Steve’s newspaper articles like the one being posted here from his May 18, 2015 column on Liberty Mutual’s $325 million, 9.3 – acre project in Legacy West.

The above noted article details that KDC, the commercial builder of Legacy West, has filed plans with the City of Plano to construct two 20-story towers with more than 1 million square feet of space on the Dallas North Tollway at Headquarters Drive in West Plano.

Additional details of the filed plans is that the twin towers will be connected by a 4,500 – car parking garage in back and retail on the lower levels.  Overall the Liberty Mutual projects projected value is $325 million on the 9.3 acre project.

Further to this KDC and the Legacy West developers – including Karahan Cos, Columbus Realty and J.C. Penney – have planned out the area for almost 20 office and buildings ranging in size from six to nine stories tall. Included in the site plan KDC has set aside for a high-rise residential  building and more apartments according to the master plan filed with Plano.

Let us not forget the grandfather of the original mixed-use development in West Plano, the Shops At Legacy, which was the brain child of Fehmi Karahan of Karahan Cos who is the main developer of Legacy West in conjunction with KDC.  And Mr Karahan’s vision is one of the main reasons that the Toyota Motor campus, a new headquarters for FedEx Office and the $400 million Legacy West urban village, which is already under construction.  In fact Fed Ex Office will be moving into their new building in mid-Sept (in about eight days or so) and besides being a state of the art office building has a full court outside basketball court on site for employees to enjoy during breaks or early in the morning or late afternoon after work.

Two last tidbits of information that those that don’t know should find most interesting:

  1. Developer Gaedeke Group has filed plans with the City of Plano to build a two 15-story office towers and an 8-level garage on land purchased in Legacy West at Legacy Drive and S.H. 121.  Gaedeke’s Legacy West Tower One and Two will contain more than 600,000 square feet of space, according to site plans.
  2. Altogether the Legacy West developments, on more than 240 acres, make up the largest and most expensive single real estate project in North Texas and one of the biggest in the state.
  3. Sometime in 2017 is when Toyota, Liberty Mutual and all the other developments planned for Legacy West  will be up and running at ‘full steam’.

TAKEAWAY: I’ve watched from DAY ONE when he first dirt was scraped to start this massive development and as I continue to watch everything coming out of the ground I’m still amazed at same.  NOTE: You know what they say about guys…..they’ll watch stuff that the fairer gender finds boring, like going to the airport and watching planes land and take-off or dumb stuff like buildings being built. Well, all I can say is I’ll be busy for the next 18 to 24 months watching the earth movers, the concrete trucks and all the other things that happen while the North Texas landscape at S.H. 121 and DNT between Legacy Drive and Dallas Parkway are changed from a sleepy pasture into a mammoth business venue.  One last thing when the bride and I moved to West Plano in 1993 the Tollway stopped at Frankford, Preston Road was a two lane road (S.H. 289) and the Sam Rayburn Tollway (S.H. 121) was barely a two lane F.M. road.

About Jerold Smith

From 35 years in the corporate world to a full-time Broker & REALTOR® for the last 15 years, I know real estate. I share my extensive knowledge and expertise with buyers, sellers or investors, personally. I am a NATIVE TEXAN and know the local market better than anyone else. Any questions? Just ask.

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