Construction to begin on new Frisco Station office building
A Missouri-based real estate developer announced it will begin construction this month on a six-story office building at Frisco Station across from The Star.
VanTrust Real Estate will develop The Offices Two, the second of five planned mid-rise office buildings in the 242-acre mixed-use project near the Dallas North Tollway and Warren Parkway.
Mike Berry, president of Hillwood, Frisco Station’s master developer, said the goal is to bring more companies into the $1.8 billion development, which is already teeming with energy from new growth and the activity around The Star.
“What we’re trying to do is kind of build off of all that, and the biggest thing we need to focus on is to bring more companies, more jobs and more corporate growth, which is why we’re putting such emphasis on office space,” Berry added. Show Full Story
The 210,000-square-foot building is expected to be completed in September 2019. It will include structured parking, a conference center, a tenant lounge and a fitness center, and will be outfitted with AT&T's 5G wireless technology.
“(This technology) will make us more connected and faster, and you’ll have a bigger pipe so you can push more data through it. I think those are really critical needs for businesses and consumers today,” Berry said. “We’re all about trying to be out in front and trying to introduce new concepts and new technologies.”
Frisco Station, which is set to be one of the first homes for Uber Air's flying taxi skyports, relies on the technology for it's own growth and innovation, he added.
Geoff Meyer, executive vice president of Development at VanTrust Real Estate, said leasing momentum for the development's first office building, which was completed in December, has picked up, and it appears the second building will do just as well.
“It’s been received very, very well by the markets and respective tenants. We’re pretty optimistic after getting that first building complete, and we’ve had really good interest in this second building from larger tenants,” Meyer said.
The design team for the building is comprised of HKS Inc., the project architect; Manhattan Construction, the design-build contractor; and Kimley Horn and Associates, the civil engineer of record. Cushman & Wakefield will market and lease the property. Construction costs for the project were not released.
The new office building is just one of many projects underway at Frisco Station in the North Platinum Corridor. Three hotels are under construction and set to open next year. Station House, the first multifamily building at the development, opened two months ago and will be joined by a 25-story multi-family tower, SkyHouse at Frisco Station.
Roughly 5.5 million square feet of office space is planned at the development, and more than 2,400 residential options surrounded by 32 acres of parks and trails will be available when all is said and done.
“You’ve got a great little micro economy going on there,” Berry said. “And the key to continuing the growth in the Frisco area and particularly in our submarket … is bringing in jobs and more office development. That will drive everything else.”