JaRyCo Developing 102K SF Office Building In Allen
Developer JaRyCo announced plans to construct 102K SF of office as part of The Farm in Allen mixed-use development off Sam Rayburn Tollway.
The Class-A space, known as FarmWORK One, will take up three stories inside a building situated across from The Farm's Central District. Future office tenants will be within walking distance of retail, entertainment, a hotel and West Lake Park.
JaRyCo, an Allen-based developer, will develop the 102K SF office asset as part of the Farm in Allen mixed-use development at the southeast corner of the Sam Rayburn Tollway and Alma Drive. It is expected to deliver in mid-2022.
The office space is expected to include touchless features throughout the building, including hands-free, oversized elevators; HVAC systems with high-efficiency air filtration; ionization treatment and electronically monitored air circulation as well as outdoor and indoor ground-level workspaces and balconies for air on every floor.
The Farm in Allen is a development project JaRyCo announced last summer with the land's owner, the Johnson family of Allen.
The final mixed-use project will offer 1.6M SF of office, 142K SF of retail, a 150-key hotel, 60K SF of restaurants, and apartments and townhome units.
For the past year, office brokers and developers have cited the need for more office development in Allen to accommodate the growing demand for space near the 121 Corridor.
"Corporate office is the primary driver for Allen’s growth on SH 121 and exemplifies our strategy to bring quality jobs to residents," Allen Economic Development Corp. CEO Dan Bowman said in a statement for the new project.
The Richardson/Plano office market, which includes most of Allen and McKinney, has 12M SF in net rentable Class-A office space, compared to 22.2M SF in Class-A office space in the Dallas Central Business District alone, according to CBRE's Q2 2020 report.
JaRyCo hired Avison Young to assist with leasing efforts of the new office building.