VanTrust Announces Speculative Class A Office Tower at Frisco Station
FOR IMMEDIATE RELEASE
VANTRUST ANNOUNCES SPECULATIVE CLASS A OFFICE TOWER AT FRISCO STATION
Tower officially launches development at the mixed-use project
FRISCO, Texas (May 5, 2016) – VanTrust Real Estate is developing and building a 228,000-square-foot, Class A speculative multi-tenant office building, launching the first wave of development at the 242-acre mixed-use project located at the northwest quadrant of the Dallas North Tollway and Warren Parkway.
Construction on the seven-story, mid-rise office tower will begin in September 2016 and is slated for completion in August 2017. Building amenities will include structured parking, a fitness center, conference center and a robust communications and power infrastructure that includes dual power feeds and multiple fiber optic option providers. The building will also have direct access to Frisco Station’s planned entertainment district, which will be called The Hub (see description below), and will also have walkable access to hike and bike trails, along with additional health and wellness options.
“We’re excited to announce that development is underway at Frisco Station,” said Geoff Meyer, executive vice president of development for VanTrust Real Estate. “The Frisco Station Partnership has worked diligently during the past year to create the perfect master plan, and this project brings the newest office tower to Frisco’s latest, burgeoning corridor along the Dallas North Tollway. Frisco Station represents a fresh approach to urban design that we believe will set the standard for office development in the corridor.”
Additional project partners include HKS, Inc., which has been selected as the project architect for the building, and J.E. Dunn Construction, which will serve as the design-build contractor.
The property will be marketed and leased by the Dallas/Fort Worth office of Cushman & Wakefield, under the leadership of Ran Holman, who serves as managing principal and DFW market leader. The project is the first offering of a total of 5 million square feet of planned office space for Frisco Station, which will include 1.5 million square feet of mid-rise office space and 1 million square feet for campus-style office. It is anticipated that nearly 15,000 people will have daytime employment at Frisco Station. The Frisco Station development surrounds the new Dallas Cowboys headquarters at The Star in Frisco, and is just north of significant office projects underway in Collin County, including Toyota’s new U.S. headquarters, Liberty Mutual and JP Morgan Chase, among others.
Built on the principle that individuals want to be inspired and energized by the people and environment around them, Frisco Station’s designers are focused on creating a healthier, smarter and more creative experience for people who want to engage, innovate, learn and collaborate in their professional and personal lives.
“Frisco Station is unlike any other development in this region because it is specifically designed to attract and nurture the nation’s top innovative brands and emerging talent,” said Mike Berry, president of Hillwood Properties, which is a member of the Frisco Station Partnership and the master developer of Frisco Station. “We are creating an environment that will help employees be productive by fostering social engagement, sparking creativity and encouraging healthy behaviors. Frisco Station will be a highly desired destination where the top thinkers and producers want to work, and where businesses come to thrive.”
A highlight of Frisco Station will be The Hub, the development’s 250,000-square-foot dining and entertainment district that is located in the center of Frisco Station. The Hub is being programmed with a unique mix of food, beverage and entertainment destinations integrated into a trail head and linear park system. Residents, office users and the surrounding communities will also be able to take advantage of Frisco Station’s linear park and trail system, which provides connectivity to the Frisco Station office, medical and urban living districts, in addition to Frisco regional hike and bike trail systems.
In order to reinforce the healthy principles of Frisco Station, 500,000 square feet of space has been dedicated to medical and wellness districts linked by the trail system. As well, the development will include 2,400 urban living units, which will accommodate an estimated 3,450 residents when completed.
Capitalizing on unmatched educational opportunities, affordable and robust housing options, and a forward-thinking approach by city leaders, Frisco has emerged as one of the hottest real estate markets in the U.S. The city’s central location and easy connectivity to other parts of the nation through DFW International Airport and several major interstates makes Frisco a premier business destination. Since 2000, Frisco has grown more than 250 percent, making it the second fastest-growing city in the United States based on U.S. Census Bureau data. In addition to its rapid growth, the city’s highly educated labor pool and median resident age of 34 years, has earned Frisco a place on the Forbes list of top places to relocate.
About Frisco Station
Frisco Station is a 242-acre mixed-use development in Frisco, Texas, created with a new approach to urban design based on the foundational principles of smart, creative and healthy experiences. The proposed development is located along the Dallas North Tollway and to the north of Warren Parkway surrounding the new Dallas Cowboys Star development and world headquarters complex. Frisco Station will feature fully amenitized office, residential, retail, restaurant and medical uses.
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