11 Biggest Spec Office Buildings Under Construction In DFW
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While Liberty Mutual, Toyota and many other build-to-suit corporations move into their new offices this year, speculative office developments are reaping the benefits by luring the small and midsize users that do business with the large corporations. CoStar compiled a list of the largest speculative office developments under construction in Dallas-Fort Worth.
PwC Tower at Park District in Uptown
The 20-story tower is about 44% leased to anchor tenant PricewaterhouseCoopers and will deliver in January 2018 after topping out in April. PwC tower has three per 1K SF parking ratios and five balconies for tenant use. Developer Trammell Crow remains busy with tenant interest for the 500K SF office portion. The adjacent 33-story residential tower has seen a lot of interest for its 228 units, thanks in part to the resort-style pool with killer views of Klyde Warren Park.
The Union in Victory Park/Uptown
Since breaking ground in April 2016, the mixed-use project centered around a 60K SF Tom Thumb grocery store has inked several office tenants to bring occupancy to about 60%. RED Development’s project at the intersection of Field Street and Cedar Springs Road will have 800K SF of mixed-use, including 22 stories of office, 23 stories of multifamily by StreetLights Residential and retail all designed by HKS.
3400 CityLine in Richardson
A joint venture between Transwestern, Dallas-based Malouf Interests and UBS Asset Management started this five-story project in July 2016 with plans to deliver in 2017. The 310K SF mid-rise designed by BOKA Powell will have 5:1,000 SF structured parking ratios. It is the first speculative building in CityLine.
3201 Dallas Parkway in Frisco
Hall Group broke ground on 3201 Dallas Parkway, its 17th building within Frisco’s Hall Park, in September 2016. Hall Group has seen a lot of pre-leasing interest and construction is on schedule to deliver in December 2017. In early June, the 12-story, 300K SF building designed by HKS will top out.
The Epic in Deep Ellum
Westdale, KDC, StreetLights Residential and Vine Street Ventures broke ground on the Epic in March. The Epic will deliver in late 2019 with 291K SF of office leased by CBRE, 300 apartment units and a 164-room hotel. Perkins+Will designed the project that will also have ground-floor retail facing a new, internal street.
Frost Tower in Downtown Fort Worth
Property owner Jetta Operating Co. and its subsidiary Anthracite Realty Partners will deliver a tower with 315K rentable SF in Fort Worth’s central business district in February 2018. The project on the hard corner of Taylor and West 5th streets has 2.5:1,000 parking ratios. Jetta will occupy about 70K SF, as will the tower’s namesake, Frost. About 133K SF of the 25-story tower is left to lease, Stream managing partner Seth Koschak said. The project is about 14 stories out of the ground and glass will be going up within the next few days, Koschak said.
1900 Pearl in the Arts District
Lincoln Property’s 260K SF office tower at 1900 North Pearl St. in the Dallas Arts District has been scouting restaurant tenants since inking 50K SF for law firm Baker McKenzie in December. Goldman Sachs owns the tower at the southeast corner of Pearl Street and Woodall Rodgers Freeway and Lincoln Property manages it. HKS designed the 25-story tower.
3100 Olympus Blvd. in Cypress Waters
This 250K SF office tower in Billingsley Co.’s Cypress Waters overlooks the 35K SF restaurant and retail hub called The Sound. The five-story mid-rise has floor plates ranging from 50K SF to 56K SF and 5.5:1,000 SF parking ratios. The project designed by Gensler will deliver in Q3 2018. Another spec project, 9111 Cypress Waters Blvd., delivered recently and tenants are moving in now.
Fourteen555 in Dallas
Cawley Partners’ Fourteen555 project designed by BOKA Powell Architects broke ground a couple of weeks ago with plans to deliver in September or October 2018. The 240K SF project is about half leased to Occidental Petroleum Corp. With floor plates stretching 40K SF, Cawley Partners is now fielding interest from tenants sized 5K SF to 120K SF, Cawley Partners’ Jeremy Duggins said. The site is designed to house a second project that could be identical in size, depending on tenant interest. Cawley Partners’ Bill Cawley, Jeremy Duggins and Addie Ludwig are leasing the project.
No. 10 in the Harwood District
The name of Harwood’s 10th installment, which broke ground in September 2016, is also a nod to 10 Downing St. in London. The 22-story tower, designed by Harwood International subsidiary HDF, will have 220K SF of office space, along with 10K SF of rooftop gardens, garden terraces and a 10K SF penthouse. The 14K SF of retail and restaurants along a European-style cobblestone pathway will run between McKinnon and Harwood streets. The tower with 2.5:1,000 SF parking ratio will deliver in winter 2018.
The Offices One in Frisco Station
In October, VanTrust Real Estate broke ground on the largest development in Frisco Station. The 229K SF office mid-rise at 6160 Warren Parkway is slated for completion in August 2017. Cushman & Wakefield is leasing the project by Rudman Partnership, Hillwood Properties and Van Tuyl Cos. It has 4:1,000 SF parking ratios. At build-out, Frisco Station will have 5.5M SF of office, 137K SF of retail, entertainment and food concepts, 600 hotel rooms, 2,400 units of multifamily and a 25-acre wellness campus.