Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Wednesday, March 29, 2017
Buffett-backed Grandscape to get new 100-acre centerpiece to create a place 'like no other'
The lifestyle center, which is about the size of Toyota North America's new corporate campus at Plano's Legacy West, will bring roughly 1.5 million square feet of residential office and a number of attractions to this part of The Colony, Jeff Lind, president of Grandscape, told the Dallas Business Journal.
"With Grandscape, we want to create a place that will feel like no other with a pleasing environment through our leasing and tenant mix," Lind told me. "We also want to give visitors a technological experience like they are sitting at home on a website.
"We want to bring in first in the state venues and stay true to the differentiated tenant mix," he added. "We are not approaching this like a typical developer. We have extremely patient capital and nothing has changed from our original vision."
Grandscape and Nebraska Furniture Mart is owned by Buffett's Berkshire Hathaway (NYSE: BRK.A and BRK.B).
The exact footprint of the lifestyle center has yet to be determined because Grandscape developers have grand plans to build "very large-scale entertainment venues," and some of the deals haven't been completed yet, Lind said.
In all, the center could total 1.5 million square feet including a luxury high-rise apartment tower (10- to 12-stories), office space on the second or third floor atop ground-floor retail space and plenty of retail space with entertainment venues.