Construction has begun on One Legacy West, the first of two office buildings planned for Legacy West, a 240-acre mixed use urban development in Plano.
The speculative office building is overseen by Gaedeke Group LLC, a Dallas-based investment firm, and spearheaded by Karahan Companies, KDC and Columbus Realty Partners.
One Legacy West will offer 327,856 square feet of office space on the southeast corner of the Sam Rayburn Tollway and Legacy Drive, directly across the street from Toyota Motor North America Inc.’s North American headquarters and FedEx Office & Print Services Inc.
“We are very excited to break ground on One Legacy West, the first building of our 650,000-square-foot class AA office project,” said Sabine Gaedeke Stener, Gaedeke CEO, in a news release.
“We put a lot of effort into designing this building for the 21st century and can’t imagine a better location than in the progressive city of Plano,” said Gaedeke, thanking developer Fehmi Karahan for giving his firm an opportunity to be part of the development.
One Legacy West and its attached six-level parking structure are expected to open in the fourth quarter of 2016.
“Quality buildings like this allows Plano to attract world-class companies. I’m excited about this project and what it means,” Plano Mayor Harry LaRosiliere told the crowd at the kick-off ceremony.
The mayor called the intersection “the center of the universe,” pointing to its powerhouse corporate neighbors, including Toyota, Frito-Lay, JCPenney and FedEx. The 14-story One Legacy West sports a LEED Gold design by Morrison Dilworth + Walls of Dallas. Austin Commercial is the project’s general contractor, with Andres Construction serving as construction manager and Belle Firma as landscape architect.
Tenant amenities will include an outdoor terrace with see-through fireplaces and seating areas, conference center, fitness center and electric car-charging stations, among other features.
Gaedeke acquired the land earlier this year in an off-market transaction arranged by its president, Glenn Lickstein.