Capitalizing on the tremendous growth in the North Texas region, Palladium USA International has contracted to purchase 2.1 acres of land in the prestigious Legacy West development in Plano, Texas, to build a 30-story, luxury high-rise. The tower will feature 312 high-end rental homes and will be located at the southwest corner of the future Columbus Avenue and Windrose Avenue, just to the north of the existing Headquarters Drive, and adjacent to the Liberty Mutual Insurance complex under construction. Humphreys & Partners Urban Architecture, L.P. is the architect for the development.
Palladium USA has worked closely with the Legacy West master developer, Fehmi Karahan, in the architectural design of the residential high-rise. The sheer volume of this development, which will be the tallest building in Collin County, Texas, is impressive: The eight-level structured parking garage will sit under the residential tower and contain approximately 500 parking spaces. The gross building area will exceed 410,000 square feet producing a 1,070 average net rentable square foot per unit. The primary outdoor amenity deck will be on the 9th floor with the tower units rising 250 feet into the air above this deck level.
On the 9th floor amenity deck, there will be a 2,300-square-foot fitness center; 3,800-square-foot spa with massage room, yoga/virtual fitness room, relaxation lounge, steam room, dry sauna room, men’s and women’s locker rooms; and a 3,800-square-foot bar/lounge with private TV cabana, two conference rooms, TV lounge, private poker room, catering kitchen, numerous seating areas and great views to the outdoor pool and courtyard areas. The most prominent feature of the 9th floor amenity deck will be the outdoor pool and courtyard area, which will contain dual outdoor kitchens, spa, pool, and numerous seating areas with water and fire features.
Additionally, the 27th floor will contain a 1,500-square-foot bar/lounge, kitchen and dining area, as well as an outdoor deck to enjoy the tremendous vistas overlooking the Legacy West development. Palladium USA is anticipating a second quarter 2016 construction start with construction lasting 24-30 months. The project is being spearheaded by The Karahan Companies in partnership with Columbus Realty, KDC and JCPenney. Legacy West is already home to Toyota Motor Corporation North American Headquarters, Liberty Mutual Insurance Company regional offices, and FedEx Office Headquarters. Source by Palladium USA International.