Office campus coming to $1B development in Frisco
Invest Group Overseas, the Dubai-based owner of The Gate development in Frisco, is partnering with a Minneapolis firm to bring a new office campus to the project.
According to the Dallas Morning News, Ryan Cos. and Invest Group Oversea will construct Auspire, which will encompass three office buildings totaling more than 900,000 square feet. The project will be built along the Dallas North Tollway south of Lebanon Road. Show Full Story
Architecture firm Gensler is designing the project, which will surround a park.
Located along Frisco’s recently renamed Platinum Corridor near Frisco Station and The Star in Frisco, The Gate’s plans call for more than 650,000 square feet of office space, 130,000 square feet of retail space and a luxury hotel.
In July, Irving-based multifamily developer JPI announced it broke ground on Jefferson at The Gate, which will offer 425 luxury rental units at the $1 billion project.
Office development is booming in Frisco. Last month, VanTrust Real Estate announced plans to develop The Offices Two at Frisco Station, a 210,000-square-foot building expected to be complete in September 2019. The Offices One is already attracting tenants like Brierley+Partners and Kimley-Horn.
Elsewhere in North Texas, developer Billingsley Co. has filed plans to add two more office buildings at Cypress Waters.
And last week, Charles Schwab (NYSE: SCHW) announced it would double its operations in Westlake, where it broke ground on a regional headquarters in September 2017. Plans for the new construction call for two buildings totaling 617,000 square feet.