Spear Street’s multimillion-dollar Richardson redevelopment

​RICHARDSON – Calif.-based Spear Street Capital, along with Cushman & Wakefield and Peloton Commercial Real Estate, has unveiled a massive multimillion-dollar redevelopment of the Galatyn Commons office complex.

The firm acquired the four-building, 800,000-sf complex at 1011 Galatyn Pkwy. in September 2014.

Galatyn ​​Commons has 600,000 sf immediately available for lease. Cushman & Wakefield and Peloton are leasing the property on behalf of the owner. 

Redevelopment plans include expanding the parking garages to get a ratio of five​​ parking spaces per 1,000 sf of office space and redoing the cafeteria and outdoor amenity complex. Spear Street also plans to add a coffee shop, conference center, new lobbies, a food truck pavilion, amphitheater, outdoor kitchen, bocce courts and fire pits.

Construction is slated for completion in April.