Plano's Building Boom Continues With New Office Project on the Tollway Near Legacy West

The building boom along West Plano's tollway corridor is picking up the pace with a new office project.Developer Randy Heady is teaming up with one of Plano's heritage families to construct a 7-story office building on one of the last vacant tollway sites.The 210,000-square-foot office project will be built just south of Legacy business park near Spring Creek Parkway. It's less than a mile from the new Legacy West mixed-use development.Called Legacy South, the speculative office project will open in early 2019."We already have three prospects we are talking to for office space," Heady said. "All of our projects in the Legacy area are full."This is our eighth building that we have developed in this area, totaling over 1 million square feet."Heady Investments is building the office project in partnership with the Beatty family, whose ancestors bought land in the area more than a century ago.Scott Beatty said that for years he's gotten phone calls from potential buyers but has declined the offers.The property - less than two miles from Toyota's new headquarters - is still used for farming."We have horses on the west side," Beatty said. "My great grandfather knew the value was in the land and the told my grandmother never to sell."We realize that it's the time to do something with it but we want to keep it in the family as much as possible."That's why the Beattys are partnering with developer Heady on the deal.Jack O'Brien & Associates designed the planned office building. And Ed Henry & Associates will be the general contractor.Construction financing will be provided by Stillwater National Bank.Shane Jordan of Shane Jordan Co. negotiated the joint venture agreement between Heady Investments and the Beatty family.  Continue reading...