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Developers Detail Plans for 2 more Legacy Office Towers in Plano

21 Feb 2017

Developers that own one of the last large high-rise sites in Plano’s popular Legacy Town Center have detailed construction plans for the property.

Dallas-based Tier REIT owns the 4 acres on the east side of Dallas North Tollway on Bishop Drive.

Tier REIT plans to build two office towers with over 600,000 square feet on the vacant tract, next to the former Encana Oil & Gas Tower at 5851 Legacy Circle.

The towers would be 10 and 11 stories tall. Tier REIT plans to build them in partnership with Dallas-based Lincoln Property Co.

The two firms have been marketing the projects to potential tenants, real estate brokers say.

The Tier REIT office project is across the tollway from the $3 billion Legacy West development, which is the new home of offices for Toyota, Liberty Mutual Insurance and JPMorgan Chase.

Tier REIT is a real estate investment trust with properties in eight states and the District of Columbia. It owns the Burnett Plaza skyscraper in downtown Fort Worth.

In North Dallas’ Preston Center district, Tier REIT has the 5950 Sherry Lane office building.

For more information:
http://www.dallasnews.com/business/real-estate/2017/02/21/developers-detail-plans-two-legacy-office-towers-plano