WEST PLANO, FRISCO - One of the last empty corners in Legacy business park on the Dallas North Tollway is attracting development plans.
Stream Realty Partners is gearing up to build a 12-story office tower at the southwest corner of Tennyson Parkway and the tollway.
The company’s Platinum Tower will be next door to a five-story building Stream is constructing.
The 271,000-sf project is one of almost a dozen office developments in the works on the tollway in West Plano and Frisco — more than in any other area of North Texas.
Developers and building investors attribute the boom in part to what they call “the Toyota effect.”
Since Toyota Motor Corp. announced last year that it would move its North American headquarters to West Plano, office developers have been scrambling to get projects going in the area.
The global automaker’s 2.1 million-sf headquarters campus on Legacy Dr. is the largest new office project in the Dallas-Fort Worth area.
Right up the road at the tollway and Headquarters Dr., Liberty Mutual Insurance will be moving into a high-rise office complex with more than 1 million sf.
Another nearby building opening this year will house the headquarters of FedEx Office.
Together the projects are expected to house almost 12,000 workers and generate additional business in the surrounding area.
Dallas Market Research (updated as soon as we can get the 'stuff); DFW NewsTalk