Friday, February 20, 2015

Granite Properties to Develop Office Building at Southlake Town Square



Southlake Town Square, one of the most successful retail and entertainment districts in the region, is getting multitenant office space.

Developed by Cooper and Stebbins, the sprawling district sits along State Highway 114 near Carroll Boulevard. It includes nearly 500,000 square feet of retail space, 90,000 square feet of restaurants, a Hilton hotel, a Harkins movie theater, residential brownstones, and about 250,000 square feet of second-story office space.

A new seven-story building developed by Granite Properties will add about 160,700 square feet. The project will include an attached parking garage, on-site fitness center, and meeting and restaurant space. Beck Architecture is overseeing design; a general contractor is expected to be named sometime this summer.

Granite has been interested in developing office space in Southlake for a number of years, said David Cunningham, director of development and construction. “We plan to break ground on phase one this fall and as the market allows, build out remaining office space, which could total over half a million square feet,” he said. “The highly popular Town Square is well-leased, but lacks available large blocks office space. The rich amenity base … gives us the confidence to move forward with a new project in this highly sought-after area.”

Granite Place at Southlake Town Square is expected to be ready for occupancy by late 2016.

Christine Prez, Real Estate Daily