Regent Properties (“Regent”), a Los Angeles-based real estate investment and development firm, has announced the transformation of Legacy Central—the office and mixed-use campus located at Legacy Drive and Central Expressway in Plano, Texas—into a modern, collaborative and highly amenitized corporate destination.
Regent acquired the property Dec. 17, 2015 (BOKA Powell in Dallas is the architect on the project). The campus renovation will accommodate office tenants ranging from 25,000 to 1,000,000 square-feet in four existing buildings on 84 acres.
Those buildings will be retrofitted while prime, undeveloped land will be readied for complementary uses, such as restaurants, a hotel, and retail, as well as additional mid-rise office buildings in the future.
The site is entitled for up to 3.7 million square-feet, allowing large office tenants unique expansion opportunities via additional office buildings on a build-to-suit basis. A ground breaking is planned for the second quarter of 2016. Common area work will be done in two phases: Phase 1 in 2016 and Phase 2 in 2017 after TI vacates.
The property was acquired from Texas Instruments (“TI”), which had owned the site since the 1980s and built the four office buildings and fitness center for its own use. TI will lease back two of the buildings through 2016, finalizing a phase-out from the campus.
“Legacy Central is a dynamic, technology-oriented office and mixed-use project offering a prime strategic location; unparalleled, on-site amenity base; and forward-thinking design in a campus environment centered on engaging and intimate outdoor spaces,” said Eric Fleiss, President of Regent Properties. Source and images by Regent Properties.
