Wednesday, June 10, 2015

Liberty Mutual's 2 towers a 'statement' piece for $2B Legacy West project

When Fehmi Karahan brought Dallas-basedKDC into his $2 billion vision for Legacy West, he knew he'd picked the right partner to construct beautiful office buildings

And that is one reason why Boston-basedLiberty Mutual Insurance's expansion into North Texas will become a statement piece at the southwest corner of the Dallas North Tollway and the Sam Rayburn Tollway in West Plano.  
"This will be an extremely important part of Legacy West," Karahan, president and CEO of The Karahan Cos., told the Dallas Business Journal."This adds another 5,000 people to the community in buildings with beautiful architecture.  
"The two towers will make a statement, and will be among the tallest buildings at that corner," said Karahan, who is the owner of the 20-story towers through a limited liability company.  
Last week, KDC filed plans with Plano's planning department detailing the specifics for "Project Victrola," which is a code name for Liberty Mutual.
The 9.3-acre project plans include two office towers totaling more than 1 million square feet of office space, 15,108 square feet of retail space on the ground floor of one of the office towers (the one facing Windrose Avenue) and a seven-story parking garage with 4,600 parking spaces for office tenants and retail visitors.
The 20-story tower at the northwest corner of Headquarters Drive and the Dallas North Tollway is expected to total 504,753 square feet. The second 20-story tower with ground floor retail on Windrose Avenue will total 504,752 square feet of office space.  

Plano Planning Director Christina Day said the city has yet to review or approve the site plans, which are subject to change.  

Legacy West is a 240-acre tract of former J.C. Penney land westward of Karahan’s signature mixed-use development, the Shops at Legacy. Liberty Mutual is the third major corporate tenant in the project, which also includes Toyota Motor Corp.'s North American headquarters and FedEx Office's HQ.  

Candace Carlisle/ Dallas Business Journal