Friday, February 06, 2015

Developer Jack Matthews heading to Prosper with new office project

Matthews Paradise/Matthews Paradise
Developer Jack Matthews and partner Mitch Paradise will build a 275,000-square-foot offfice campus near the corner of the Dallas North Tollway and U.S. Highway 380
Developer Jack Matthews, best-known for his projects in the downtown Dallas area, is jumping to the northern suburbs with a new office park in Prosper.
Matthews Paradise, a partnership between Matthews and developer Mitch Paradise, will build a 275,000-square-foot office campus near the northwest corner of the Dallas North Tollway and U.S. Highway 380, the company said Wednesday.
The new office project is next door to where Texas Health Resources is building an advanced outpatient facility.
Construction will start next year.
“There hasn’t been a significant office development in Prosper for at least a decade,” Paradise said. “We think the demand is out there. And we have a number of tenants we are in talks with.”
Matthews has owned the Prosper property since before he and Paradise teamed up last year for office development.
Last week, Texas Health Resources bought 10.5 acres for its new medical project, which is still in design work, Paradise said. “We think building an office project next door is appropriate,” he said.
Prosper Mayor Ray Smith said in a statement that timing of the project is good because “business growth is marching north along the tollway.”
Architect BOKA Powell designed the project.
Matthews developed the Omni Hotel in downtown Dallas and is developer of the South Side on Lamar project just south of downtown.
Steve Brown