The Legacy Business Park will be home to a high-rise skyscraper built by Cousins Properties and Lincoln Property Company as part of a joint venture with Lincoln Property Company.
In Plano’s Legacy business park, development on the first of two new office towers now under construction is moving forward at a rapid pace, according to the developers of the first of the two buildings.
Located in Atlanta, Cousins Properties and Dallas-based Lincoln Property Co. have announced plans to develop two office towers on the northeastern corner of the Dallas North Tollway and Legacy Drive, which will open in late 2017. Projected completion dates for these projects are 2018 and 2020, respectively.
As stated in the developers’ own words, the developers hope to break ground on the first of the buildings this summer, in accordance with state planning regulations.
The Legacy Union is a thirteen-story building with a rotunda. They will be built next to an existing Cousins Properties skyscraper, which is located next to the 4-acre property and is owned by the same business as both of these towers. Furthermore, the “office tower for speculative tenants,” which will be constructed adjacent to the office tower, would provide parking for 1,400 autos, according to the plan.
The structure, which was designed by Dallas-based HKS Architects, is expected to open its doors in the first quarter of 2024, according to current plans.
The 320,000-square-foot structure is expected to cost in excess of $85 million dollars to build, according to preliminary estimates.
According to the contract, J.E. Dunn Construction will serve as the project’s general contractor for the duration of the project.
Apart from the planned office buildings at 5851 Legacy Circle, which is currently known as Legacy Union One, the property includes the former Encana Oil and Gas Tower, which is 12 stories tall and used to be an oil and gas storage facility. Legacy Union One is also home to the former Encana Oil and Gas Tower, which was built as an oil and gas storage facility. It has been suggested that the proposed tower be built in close proximity to retail space at the Shops at Legacy, according to the proposal.
Cousins and Lincoln plan to build a second 13-story skyscraper on the same plot in the following years, according to the company.
Plans for the Plano tower include the development of a large number of substantial office buildings near the Dallas North Tollway in Plano and Frisco, and it will be one of those buildings that will be visible from a long distance.
Construction of new office high-rises along the tollway has begun with the help of developers such as Hall Group, Granite Properties, and Dallas Cowboys owner Jerry Jones’ Blue Star Land, among others.
In addition to the proposals for new buildings by Ryan Companies and Trammell Crow Company, the Gaedeke Group and PRP Real Estate Investment Management have announced plans for new construction.