Former TI Plano campus: $100M makeover to shine like LA starFormer TI Plano campus: $100M makeover to shine like LA starhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=116512016-01-06T06:00:00Z2016-01-06T20:00:00Z

​​​​​PLANO - A Los Angeles investor has completed its purchase of Texas Instrument’s (TI) former Plano campus.

Regent Properties plans to convert the 84-acre high-tech center at Legacy Dr. and Central Expressway into an office and mixed-use complex. 

The new owner plans to renovate four existing buildings while looking at potential construction on 16 acres of undeveloped properties on the campus. 

Regent says it will consider developments of restaurants, a hotel, and retail and additional office buildings on the site, which can accommodate up to 3.7 million sf of construction.

Regent said it plans to begin construction on its project called Legacy Central in second quarter. 

“Regent will be investing more than $100 million to transform the site into a cutting-edge, first-class, creative office campus,” Doug Brown, managing partner of Regent Properties, said.

The new owner plans to reorient the campus toward Central Expressway, developing vacant land along the highway for a hotel, restaurants and retail.

Over the next two years, Regent plans to renovate the existing buildings to conference rooms, a 150-seat auditorium and 30,000-sf fitness center. ​TI will continue to occupy two of the buildings through 2016.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2016/01/los-angeles-based-investor-plans-100-million-makeover-for-texas-instruments-former-plano-campus.html/Read more at the {Source}

 Search NewsTalk Texas