Developer Cawley Partners said Wednesday that it has broken ground on Legacy Center, a four-story, 175,000-square-foot office building in the Legacy business park in Plano.

The speculative development is being built on 12 acres at the northwest corner of Legacy Drive and Hedgcoxe Road, east of the Dallas North Tollway.

Cawley Partners bought the land earlier this year from Houston-based Hines. Hines and J.P. Morgan Asset Management just sold the seven-story Plaza at Legacy building next door to a unit of Metropolitan Life Insurance.

Morrison Dilworth + Walls Architects designed Legacy Center, and Spring Valley Construction Co. is the general contractor.

Financing was provided by American Bank of Texas.

The development is scheduled for completion next August and will be priced lower than other recent projects in West Plano, according to the builders.

Legacy Center is the building that fills the need for tenants who want a low-cost alternative to current developments being constructed in Legacy without having to give up the amenities they prefer, developer Bill Cawley said in a statement.

Rents will start at $27.50 per square foot, he said.

Cawley Partners is a Dallas-based firm with several projects in the works. The company has a new office building in development on Dallas Parkway just north of Keller Springs.

And the developer proposes to build a 200,000-square-foot office project on Dallas Parkway south of Belt Line Road in Addison.

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Construction kicks off on another Plano office project

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September 25, 2014 at 1:44 pm by Mr HomeBuilder
Category: Office Building Construction