Wednesday, April 29, 2015

New development will add office building on tollway in West Plano

 Heady Investments and Red Spur Ltd will build a 7-story, 200,000-square-foot speculative office building on the Dallas North Tollway near Liberty Mutual Insurance’s new Plano campus. (Heady Investments)

Heady Investments and Red Spur Ltd will build a 7-story, 200,000-square-foot speculative office building on the Dallas North Tollway near Liberty Mutual Insurance’s new Plano campus. (Heady Investments)
The fast-paced West Plano development market is about to get another major project.
Heady Investments is teaming up with Red Spur Ltd to build a 7-story, 200,000-square-foot speculative office building on the Dallas North Tollway at Headquarters Drive.
The building will be constructed at the north end of Legacy Town Center  and will be across the street from another office building Heady built two years ago.
Designed by ANPH Architects, the granite and glass building will start construction later this year.
“We are receiving numerous call from brokers asking for proposals for full floor to a 100 percent of the building confirming demand is there for the development,” developer Randy Heady said.
The planned office project is just across the tollway from where Liberty Mutual Insurance is building a new operations center with more than 4,000 workers.
It’s in the same area where Toyota Motor Co. and FedEx Office are building their new headquarters.
With thousands of jobs coming to the Legacy business park in West Plano, developers are scrambling to get new office projects out of the ground. Along with Heady Investment’s building, other office developments are in the works by Gaedeke Group and Granite Properties.
Heady Investment’s building is across the tollway from the 34-acre Legacy West urban village, which is under construction with apartments, shopping and a high-rise Renaissance Hotel.
Mark Lewis and Sayres Heady of Randy Heady & Co. will lease the building.
It’s the third project Heady has done on the tollway near State Highway 121.
Further north in Frisco, Heady is building another office development on the tollway and south of Gaylord Parkway.
Steve Brown, The Dallas Morning News