Thursday, November 21, 2013

KDC Adding to State Farm Project

RICHARDSON (Dallas Morning News) – Locally based KDC announced plans to add a hotel, housing, a medical facility and a park to the development that will house State Farm Insurance.

The project, CityLine, will cost $600 million (including the cost of land acquired last December) and be on about 36 acres near the Bush Turnpike and Central Expwy.

KDC broke ground on the property in July, announcing that State Farm would lease 1.5 million sf total in 13-story, 15-story and 21-story towers. Each tower is over a five-level parking structure and has ground-floor retail space.

The 2.3 million-sf initial phase of the project is slated for completion in early 2015.

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