Thursday, July 18, 2013

Why There's a Growing Number of DFW Corporate Campuses


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Dallas-Fort Worth is seeing increased interest in the corporate campus lifestyle with a number of large projects underway, including State Farm Insurance's large 1.5 million-square-foot campus in three office towers in Richardson.
So, what's the draw to a corporate campus lifestyle? It comes down to surrounding amenities, said developer Lucy Billingsley, who recently started on her Cypress Waters corporate campus in North Dallas.
"Office tenants want to see the amenities, such as retail, the trails and the lake, in an office campus," Billingsley said. "They want a quality environment for their associates."
Jim Manskey, principal of Austin-based landscape architecture firm TBG Inc., says more companies want to set up shop in an interactive, dense environment with a variety of apartments, retail and restaurants to support the employment base. Some of North Texas' corporate campuses — Legacy and Los Colinas — have built up density surrounding the developments with apartment communities, he said.
"In Las Colinas, multifamily spawned an urban environment and became symbiotic with the corporate office space," Manskey told me.
Now, larger companies are asking developers to become more involved in creating that amenity base, he said. Instead of companies carrying the costs of offering a cafeteria and on-site fitness center, developers like Dallas-based KDC and Dallas-based Billingsley Co. are creating developments catering to corporate users.
What's fueling demand? Manskey breaks it down:
  • Proximity to an urban mix of amenities in either urban or suburban locations
  • There's no "Office Space" here, but a focus on health with nearby parks, open spaces and trails
  • An exclusive environment, whether from Fidelity's wooded campus in Westlake or RadioShack's location on the banks of the Trinity River.
More info at:
http://www.bizjournals.com/dallas/blog/2013/07/why-theres-a-growing-number-of-dfw.html?s=image_gallery

Staff Writer-Dallas Business Journal