Evan Hoopfer -Digital Reporter Dallas Business Journal
...More than 250,000 people work in Plano including 70,000 from outside of the city, according to Lissa Smith, Plano mayor pro tem.
“When all this new development is completed, this area here will have more square footage of office space than the city of Fort Worth,” said Steve Thelen, managing director at JLL. “We are really our own market now.”
Steve Thelen, managing director, JLL, on traffic
When the 20,000 or 30,000 jobs come to that corner — an average commute time in DFW that’s acceptable is about 30 minutes — the new commutes here will take close to an hour based on traffic. We’re the ‘center of the universe,’ so there’s a price to pay.
Mark Israelson, deputy city manager, City of Plano, on transportation challenges
Traffic is definitely going to be a by-product of success. We’re bringing in all these employees and they’re going to drive. But Plano is unique in the way we’re approaching this, even within the region. Over the last two years, our city council has dedicated $120 million to finance road improvements, in addition to the $80 million this year the city council invested. We’re working hard.
As Plano ramps up for the arrival of Toyota employees at their new Legacy West headquarters in the coming months, Dallas Area Rapid Transit will launch a new express route linking the $3 billion campus to the Parker Road rail station.
The changes will go into effect Monday.
The transit agency has extended bus route 208 past the Northwest Plano Park and Ride in order to serve corporate campuses in the Legacy West area. That new route will directly serve corporations such as JC Penney, Toyota, Liberty Mutual and JP Morgan Chase.
JPMorgan Chase will begin moving employees from a pair of offices in Lewisville into the mega bank’s new Legacy West campus in September, a spokesman confirmed to the Dallas Business Journal Wednesday.
The move will include roughly 1,600 employees, primarily in the bank’s mortgage servicing department. It’s expected to be completed in October.
The financial services and banking company plans to have about 6,000 workers in the West Plano development when it opens this fall, a Chase spokesman said.
Escape Hatch Dallas originally reported a rumor that Shake Shack’s Plano location would soon be making its debut, and Eater can now confirm that the burger joint will officially arrive on March 29.
DPatel304 wrote:Escape Hatch Dallas originally reported a rumor that Shake Shack’s Plano location would soon be making its debut, and Eater can now confirm that the burger joint will officially arrive on March 29.
http://dallas.eater.com/2017/3/23/15037 ... march-2017
I had no idea that we were so close to retail opening in Legacy West. Is anything currently open in Legacy West or is this the first?
The regional campus, which is expected to hold up to 5,000 employees, has reached its most vertical point of 19 stories, which is being marked with a topping out ceremony on Tuesday.
With only two months to go before the grand opening, construction workers are in a race to finish the Legacy West Urban Village in Plano.
"The Boeing sign is going to go right there," said Fehmi Karahan, developer of the $400 million mixed-use project, which just scored a new high-profile office tenant, Boeing's global services division.
The new division of the aerospace giant will move into the third floor of the building at Legacy Drive and the Dallas North Tollway later this year.
NE Development plans to break ground next week on the tallest building in Plano's $3 billion Legacy West project.
Called LVL 29, the 29-story apartment tower will be built next door to Liberty Mutual Insurance's new office campus just south of State Highway 121.
The $100 million residential high-rise has been in the works for more than a year. It's the tallest North Texas residential building outside of Dallas.
Tnexster wrote:^The Tower in Fort Worth is 36 floors so I am not sure that last line is correct.
tamtagon wrote:I'm so totally hoping in that booster club sort of way for the remaining real estate locked up in those 80/90s corporate fortress campuses redevelops with at least a few skyscrapers, breaking the 500' threshold. Getting this part of town firmly marked on the horizon would a good thing.
Tivo_Kenevil wrote:tamtagon wrote:I'm so totally hoping in that booster club sort of way for the remaining real estate locked up in those 80/90s corporate fortress campuses redevelops with at least a few skyscrapers, breaking the 500' threshold. Getting this part of town firmly marked on the horizon would a good thing.
I wish FW would grow more so than Plano. I can't think of any major relocation / project under way or completed in Tarrant county in A while....
The rangers... Come on.
Tnexster wrote:The Legacy/Frisco area will have more office space than downtown FW this year as all those projects get completed and it will be growing more and will likely rival downtown Dallas at some point in the future that is probably closer than most think.
Tucy wrote:Wow. Very true. Perhaps more true than you thought.
The Legacy/Frisco area I guess would be the Upper Toll/West Plano and Frisco/The Colony submarkets.
-- Dallas downtown (CBD) has 33,249,879 square feet of office space (including the little bit that is under construction).
-- Upper Toll/West Plano and Frisco/The Colony have 35,785,940 square feet (including almost 6 million square feet under construction).
-- Just the Upper Toll/West Plano submarket has 29,591,923 square feet, already well more than double downtown Ft. Worth, and fast approaching downtown Dallas.
Waldozer wrote:Legacy beating out Dallas? Forget pipeline, you're talking pipe dreams. Perot Jr.'s gotten into your head, saying that companies no longer want supertalls in the CBD and instead want to relocate to suburban campuses. In reality, the past 20 years have seen an urban renaissance. People and companies want the live, work, play of high-density cities they saw in the 90s on Friends and Seinfeld. Even retired couples are more likely now to want to live close to the CBD. Meanwhile, a place like Frisco or Plano won't be able to develop the density required because that area has the same problem Fort Worth has - companies can just build out and out - business park after business park. Suburban community after suburban community.
Waldozer wrote:Where did I dismiss it as "just another suburb?" I'm saying that no matter how much development realistically occurs in Plano - even if it develops into a CBD more populous than Fort Worth (not worth betting on either) - it will not come close to replacing Dallas as the anchor of the region. It can play a mean second fiddle but the twin cities of Dallas and Fort Worth define the metroplex - culturally, architecturally, and socially. For instance, I'd love to see Plano's city council make the pitch to the denizens of Highland Park that it's better to make the commute out to Plano. They'd be laughed out of the country club.
I don't know that anybody said "replace", I believe it's more about the rapid rise of an area that was nonexistent not all that long ago and where that area is going. It is hard to argue with a small area that is capturing more corporate clients than anywhere else at the moment. From Toyota to Boeing that area is making tracks and continues to build up as well as out. It doesn't necessarily take anything away from downtown or FW as much as recognize what is happening.
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