News Article | 1/28/2020

Third office building ready to start in $1.8 billion Frisco Station

Developers of the $1.8 billion Frisco Station project are ready to roll with a third office building.

VanTrust Real Estate is ready to start construction of The Offices Three at Frisco Station, a 210,000-square-foot speculative office building.

It’s part of the 242-acre mixed-use project near the northwest corner of the Dallas North Tollway and Warren Parkway.

Work on the six-story building will start before the end of the month with a completion set for late next year.

“Frisco is the hottest market in North Texas and was America’s fastest-growing city in 2018,” Bill Baumgardner, VanTrust executive vice president, said in a statement. “With the job growth and office demand in North Texas, the projections for leasing are excellent.

“Also, wellness and technology amenities in new, collaborative office spaces are key to companies’ talent acquisition and retention strategies, and this site will offer a premier environment for a healthy, smart and engaging work experience.”

The first office building in Frisco Station was completed in 2018 and sold last year to a partnership representing a unit of MetLife.

MetLife also has an option to buy the second Frisco Station office project, which VanTrust just completed and is also significantly leased.

With the success of the first two buildings, the developer is pushing ahead with phase three.

Dallas architect HKS will design the project. Manhattan Construction is the general contractor.

The new office building will include a fitness center, conference center and tenant lounge.

Commercial real estate firm Cushman & Wakefield is marketing the building to tenants.

Frisco Station is a development of VanTrust Real Estate, Hillwood and the Rudman Partnership.

It wraps around the Dallas Cowboys’ Star in Frisco development.

Along with the offices, Frisco Station includes apartments, retail, hotel and other uses.

Hillwood has already opened its first, 300-unit apartment development in the project called Station House. And construction is underway on a second 322-unit rental community called Cadence.

Atlanta-developer Novare Group has opened its 25-story SkyHouse Frisco Station apartment tower on the west side of the Dallas North Tollway. It’s the tallest building in Frisco.

Lewisville-based NewcrestImage Hotels has opened the doors on two new hotels in Frisco Station. The Marriott AC Hotel and the Residence Inn are the first of four hotels planned in the project.

Together the new hotels have 300 rooms plus meeting space.

The overall Frisco Station project will have more than 4 million square feet of office space, 2,400 apartments, shops, restaurants and civic facilities. A large greenbelt and park will cut through the middle of the community.