Thursday, August 08, 2013

Trammell Crow Co. starts work on Plano office tower

Developer Trammell Crow Co. kicked off work recently on a 13-story office tower in West Plano.
The speculative office building on Dallas North Tollway at Legacy Drive will open in the third quarter of 2014.
“Today was the first day we sent our demolition team to start knocking down the Robb & Stucky Furniture building,” Crow senior managing director Denton Walker said Tuesday.
A 342,000-square-foot office tower will take the place of the empty furniture store in the Legacy Town Center development.
Crow will have a formal groundbreaking ceremony for the project May 30.
But construction crews aren’t waiting and have begun clearing the building site.
Crow is building the Legacy office tower in partnership with Principal Real Estate Investors.
“They were our partner on the One Legacy Circle building as well, and that project is 100 percent leased,” Walker said. Crow and Principal developed that eight-story building which opened in 2008.
Earlier this year Crow bought the 6-acre site for its next Legacy project from One Liberty Properties, a real estate investment trust that had owned the furniture building and leased it to Robb & Stucky until the retailer pulled out in 2011.
Wells Fargo Bank is providing the construction financing for the Crow tower, which was designed by architect HKS Inc.
CBRE Group will lease the property.
Read more atDallas News
Author: Steve Brown