VanTrust Announces Third Class A Speculative Office Building at Frisco Station
FRISCO, Texas (January 28, 2020) –VanTrust Real Estate continues their expansion in Frisco, Texas with the development of The Offices Three at Frisco Station, a 210,000-square-foot, Class A speculative, office building. The new building marks the third office building for the office district at Frisco Station, the 242-acre mixed-use project located at the northwest quadrant of the Dallas North Tollway and Warren Parkway.
“Frisco is the hottest market in North Texas and was America’s fastest-growing city in 2018,” said Bill Baumgardner, executive vice president, Dallas for VanTrust. “With the job growth and office demand in North Texas, the projections for leasing are excellent. Also, wellness and technology amenities in new, collaborative office spaces are key to companies’ talent acquisition and retention strategies, and this site will offer a premier environment for a healthy, smart and engaging work experience.”
Construction on the six-story, mid-rise office tower in the North Platinum Corridor will begin in January 2020 and is slated for completion in late 2021.
The Offices Three at Frisco Station will be located at the southeast corner of Cowboys Way and Hickman Road. The project is the third 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 2 million square feet for campus-style offices. It is anticipated that nearly 15,000 people will have daytime employment at Frisco Station.
Future job growth in Frisco over the next ten years is predicted to be 55.7 percent, much higher than the U.S. average of 33.5 percent, according to Sperling’s BestPlaces.net. From November 2018 to November 2019, the DFW area added more than 120,000 jobs, topping any U.S. metro area for employment growth.
The Offices One, which opened in December of 2017, is 98 percent leased. Tenants include Brierley+Partners, Fiserv, Equinix, Kimley Horn and Executive Workspace. The Offices Two shell building construction is almost complete and the leasing is already at 35 percent, with Keurig Dr Pepper as the largest tenant.
As with Offices Two, the design team for The Offices Three at Frisco Station includes HKS, Inc., which has been selected as the project architect for the building; Manhattan Construction, which will serve as the design-build contractor; and Kimley Horn and Associates, which will serve as the civil engineer of record. The property will be marketed and leased by the Dallas/Fort Worth office of Cushman & Wakefield.
Building amenities will include structured parking, a fitness center, conference center and tenant lounge. The building, which has been designed with future-proofing in mind, will have robust communications and power infrastructure that includes multiple fiber optic option providers.
Frisco Station is adjacent to the Dallas Cowboys’ world headquarters and is within walking distance to more than 50 retail, restaurant and entertainment options between The Hub at Frisco Station, the development’s planned entertainment district, and The Star. Station House, the first multi-family component to launch at the development, has 300 luxury, urban-living units and is 95 percent leased. Construction was just completed on SkyHouse, a 25-story luxury apartment high-rise, as construction then commenced this fall on The Cadence at Frisco Station, a 322-unit luxury apartment home community.
Upon completion, Frisco Station will have more than 2,400 residential options available for individuals who want to be near Frisco Station’s employment opportunities and regional employers, along with dining, entertainment and wellness amenities and 32 acres of trails and park spaces.
About Frisco Station (UPDATE)
Frisco Station is a globally-recognized, award-winning 242-acre, mixed-use development in Frisco, Texas that is created with a new approach to urban design. It is among the first 5G connected communities in the nation to be constructed from the ground up, which enables the development to offer innovative amenities that increase convenience and productivity. Frisco Station is home to one of the world’s first Skyports to support flying taxis, and last year completed a pilot project to test autonomous vehicles within the development. Located along Frisco’s highly desired North Platinum Corridor, Frisco Station features fully amenitized office, residential and medical uses, along with a robust retail and restaurant district. The project is being developed by the Frisco Station Partnership, which is composed of The Rudman Partnership, Hillwood Properties and VanTrust Real Estate.
About VanTrust Real Estate, LLC
VanTrust Real Estate, LLC is a full-service real estate development company. The company acquires and develops real estate assets for the Van Tuyl family portfolio and offers a broad range of real estate services including acquisition, disposition, development, development services, and asset management. Product types include office, industrial, multifamily, retail, institutional, governmental, hospitality, and recreational. VanTrust works nationally with regional offices in Columbus, Dallas, Phoenix, and Jacksonville with its headquarters in Kansas City, Missouri.
