A new 12-story office tower is taking shape on the Dallas North Tollway in Addison — and developers say it will be built with a coming hybrid workforce in mind.
VanTrust Real Estate has teamed up with Colliers to start pre-leasing on Addison Station, set to open in 2023 near the Addison Transit Station along the new DART Silver Line. The 250K to 350K SF facility at 15555 North Dallas Parkway near the intersection of the Dallas North Tollway and Arapaho Road will offer easy access to transit and roadways, flexible space and amenities geared toward new ways of working.
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“The planned DART advancements and continual infrastructure updates in Addison and its adjoining cities position Addison Station as a part of a growing Dallas corridor built to accommodate the corporate residents and the changes to typical work schedules we see continuing in the future,” VanTrust Executive Vice President Bill Baumgardner, who heads the company’s Texas office, said in a release.
VanTrust is also developing the 242-acre mixed-use Frisco Station, which will eventually offer 1.5M SF of mid-rise office space with an additional 2M SF of campus-style product.
The Class-A Addison Station will feature on-site facilities such as an 8K SF rooftop amenity deck, an indoor and outdoor tenant lounge and attached terrace, a fitness center with locker rooms and a conference center.
“We are anticipating a significant amount of interest from corporate users looking to establish a presence in DFW and utilize an environment made with the hybrid work schedule in mind,” Colliers Executive Vice President Sara Terry said of the project, which is set to break ground next month.
“The built-to-suit customization of Addison Station and its access to the broadest cross-section of labor in the region allows companies in need a space that adapts to their unique culture while effortlessly attracting others to its flexible work environment.”
According to the Harvard Business Review, which declared “the future of work is hybrid” late last month, 72% of corporate leaders globally plan to offer returning workers a hybrid model. HBR reported more than 50% of U.S. companies plan to launch new spaces this year to accommodate evolving work patterns, including integrating physical spaces and technology and offering a mix of open spaces and small enclaves.
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