The Crane Report - Winter 2018



OFFICE

ANNOUNCED DEVELOPMENTS

1. MCKINNEY & LEMMON
SIZE: 450,000 square feet
LOCATION: Uptown Dallas
DEVELOPER: KDC & Central Market
DETAILS:  A Central Market grocery store will occupy the lower levels of this 19-story mixed-use project that will include office, retail, and restaurants on the site of a closed Albertson’s store at McKinney and Lemmon Avenues in Uptown. Dallas’ Omniplan and San Antonio design firm Lake|Flato are designing the project.

2. CYPRESS WATERS
SIZE: 400,000 square feet
LOCATION: Coppell
DEVELOPER: The Billingsley Co.
DETAILS: The developer has filed plans for two new 5-story office buildings as well as a parking garage and townhomes on almost 10 acres at Olympus Boulevard and Rombauer Road in the Cypress Waters development northwest of Dallas. So far, Billingsley has built roughly 2.5 million square feet of office space in Cypress Waters.

3. THE LINK
SIZE: 300,000 square feet
LOCATION: Uptown Dallas
DEVELOPER: Kaizen Development Partners
DETAILS: The 22-story Class AA office building is going to be built on one of the most coveted sites in Uptown. The building is designed by BOKA Powell. It will have protected views overlooking downtown Dallas to the south and the Dallas North Tollway to the north. Completion is expected in late 2021.

4. THE BRAUN ON BELT LINE
SIZE: 168,000 square feet
LOCATION: Coppell
DEVELOPER: Cawley Partners
DETAILS: Located just north of LBJ Freeway in Coppell, this will be a three-building development on the east side of Belt Line Road next to Cypress Waters. The first phase is a 168,000-square-foot office building.

5. 3501 OLYMPUS BLVD.
SIZE: 203,000 square feet
LOCATION: Cypress Waters
DEVELOPER: Billingsley Co.
DETAILS: The $22.5 million, 5-story office building is the next phase of the Cypress Waters development. The project will feature a courtyard with sculptures, a conference center, and fitness facility.

UNDER CONSTRUCTION

6. IRVING IT PARK
SIZE: 125,000 square feet
LOCATION: Las Colinas in Irving
DEVELOPER: T2V Properties
DETAILS:  Work on the the 3-story, 35,430-square-foot first-phase building on Westridge Circle North in Las Colinas is currently underway. The property will be pitched to tech companies and, when complete, the entire campus will have roughly 125,000 square feet of office space.

7. OFFICES TWO
SIZE: 210,000 square feet
LOCATION: Frisco Station, Frisco
DEVELOPER: VanTrust Real Estate
DETAILS: This is the second of five major office projects planned at the $1.8 billion, 242-acre Frisco Station mixed-used development. Manhattan Construction is the design-build contractor on the project and HKS is the project architect. 

INDUSTRIAL

ANNOUNCED DEVELOPMENTS

1. DFW MUSTANG PARK
SIZE: 976,038 square feet
LOCATION: Dallas Fort Worth International Airport
DEVELOPER: Prologis Inc. and Holt Lunsford Commercial
DETAILS: The two developers have filed plans for a three-building industrial park on Mustang Drive near State Highway 121. An affiliate of Prologis plans to construct a 401,280-square-foot building and another 429,700-square-foot building. Holt Lunsford is planning a 145,058-square-foot building.

UNDER CONSTRUCTION

2. FIRST PARK 121
SIZE: 345,000 square feet
LOCATION: Lewisville
DEVELOPER: First Park Industrial Realty Trust
DETAILS: The first phase of this project consists of two buildings. The buildings will have 219,808 square feet and 125,267 square feet, respectively. The First Park 121 development will be able to accommodate four buildings totaling up to 727,000 square feet. Alliance Architects will be the architect for the project. Arch-Con Construction is the general contractor.

3. ADVERSARY CENTER FOR EXCELLENCE
SIZE: 75,000 square feet plus
LOCATION: Fort Worth Alliance Airport
DETAILS:  Airborne Tactical Advantage Co. broke ground on its new facility that will include a 75,000-square-foot hangar that eventually will employ 200 people. The company bought 63 F-1 Mirage aircraft to be used for military pilot training.

4. ALLIANCE CENTER NORTH 3
SIZE: 782,000 square feet
LOCATION: AllianceTexas
DEVELOPER: Hillwood
DETAILS:  This 782,000 square-foot-industrial building is expected to be completed in March. It will feature cross-dock configurations and 36-foot clear heights. The Alliance Center North 3 project was designed by GDA Architects.

5. CYRUSONE
SIZE: 340,000 square feet
LOCATION: Allen
DEVELOPER: CyrusOne
DETAILS: The Dallas-based data center REIT is building a three-phase campus in Allen that will bring the company’s total Texas footprint to more than 1.7 million square feet. Phase 1 will be a 340,000-square-foot facility. Together, the three data centers will have 100 megawatts of power available.

6. ALLIANCE NORTHPORT 1
SIZE: 500,000 square feet
LOCATION: AllianceTexas
DEVELOPER: Hillwood
DETAILS:  The Northport development is in Northlake as part of a 260-acre sector of AllianceTexas. RGA Architects designed Alliance Northport 1. Completion is expected in March.

MULTIFAMILY

ANNOUNCED DEVELOPMENTS

1. THE VICTOR
SIZE: 344 luxury units
LOCATION: Victory Park in Dallas
DEVELOPER: Hines
DETAILS: The 39-story apartment tower across the street from the American Airlines Arena and next to the W Hotel on Olive Street is one of the last vacant tracts in the 75-acre Victory Park development. It will be a nearly 500,000-square-foot high-rise.

2. CROSSING
UNITS: 330 units
LOCATION: Dallas
DEVELOPER: Convexity Properties
DETAILS: Building permits totaling $84 million have been filed for this mixed-use project near Mockingbird Station’s DART rail stop that will feature 330 apartment units, an 8-story Twin Sixties office tower, and a Magnolia Hotel. The general contractor is Irving-based Archer Western Construction.

UNDER CONSTRUCTION

3. JEFFERSON MERCER
SIZE: 416 units
LOCATION: Farmers Branch
DEVELOPER: JPI
DETAILS: This is the second phase of the Jefferson Mercer community that was built in 2017. It is being built south of LBJ Freeway near Luna Road and is near a 30-acre lake with two miles of trails and green space.

4. M SOCIAL
SIZE: 250 units
LOCATION: Sunnyvale
DEVELOPER: Millennium Hotels and Resorts
DETAILS: Work is underway on a new hotel and residential project in Sunnyvale that will feature cutting-edge 5G technology and artificial intelligence within its units. The development will feature 250 apartments, a 263-room hotel, 4,300 square feet of outdoor space, and 9,100 square feet of public spaces. It will be at 1250 Lakeside Drive, and it’s the first M Social in North America.