Legacy West

[Tnexster]

Quick summary of Legacy West and current activity under way.

http://www.dallasnews.com/business/real ... egacy-west

[Tnexster]

Plano’s $3 billion Legacy West is being built in less than half the time expected

http://www.dallasnews.com/business/real ... e-expected

Developers building Plano's $3 billion Legacy West project say it has happened in less the half the time of their most optimistic projections.

"When we started, our aggressive forecast was six years, moderate was seven and the conservative was nine or ten years to build it," said Steve Van Amburgh, CEO of developer KDC, one of the partners in the 255-acre project.

"We have 11 acres left in less than 2.5 years."

[Tnexster]

Plano's new Chase campus will take some design cues from Rockefeller Center

http://www.dallasnews.com/business/real ... ock-center

"At Legacy West we studied some of the best street thoroughfares in the world," Arena said at a meeting of the Urban Land Institute, the country's largest commercial real estate organization. "We more our less copied the distance at Rockefeller Center where the channel gardens are to try and create more animation and a streetscape."

[Tnexster]

Coming online....

Once a vision, $3.2B Legacy West becoming reality with residents flocking to apartments

http://www.bizjournals.com/dallas/news/ ... ments.html

With apartments leasing up quickly at The Grand at Legacy West, the $3.2 billion mixed-use development — once a vision of Legacy West master developer Fehmi Karahan — is becoming a reality.

And the construction site is still considered a bit of a "war zone," said Robert Shaw, one of the development partners behind Team Legacy, which consists of Karahan and Steve Van Amburgh of Dallas-based KDC.

[willyk]

An amazing build out, but let's compare to Uptown/Downtown. We are looking at roughly 1000 apartments with the nearest grocery store 3.5 miles away. It's a large office park with some restaurant skewed shopping. With all of the land in the hands of a few developers, every project will be tightly controlled and corporate approved. Nothing original will happen here-- no Katy Trail Ice House, Pecan Lodge or Nasher Sculpture Center will spring up. Just transplants of proven upscale concepts from elsewhere. It will be a nice place to live/work/play, but mostly to work, without any of the authentic street life or cultural amenities of Uptown/Downtown.

If I had to pick between working for Goldman Downtown and JP Morgan at Legacy, and I didn't have school age kids, Goldman wins hands down.

[Jasimm]

As of November 4th

Officially Announced Retail Tenants:
-Barnes & Noble Flagship (Texas Exclusive)
-Coach
-Johnny Was
-Planet Blue
-Suitsupply
-Tommy Bahama
-Tumi
-Venetian Nail Spa

Officially Announced Restaurant Tenants:
-Dean & DeLuca (Texas Exclusive)
-Del Frisco's Double Eagle Steak House
-Earl's Kitchen + Bar
-Fogo de Chão
-Haywire
-Mesero
-North Italia
-Shake Shack
-Sprinkles Cupcakes
-Sprinkles Cupcakes 24/7 ATM
-Sprinkles Ice Cream
-Taverna
-Toulouse Café & Bar
-True Food Kitchen
--Legacy Food Hall--20+ Restaurants & Bars (Current Announcements with More to Come)
-Uno Immanivong of Chino Chinatown; a yakitori stall
-John Franke of Front Burner Restaurants; a lobster, burger and shrimp stall
-Anastacia Quinones, formerly of Komali; a quesadillas stall
-Larry Williams of AmberJax Seafood Market and Grille; a Cajun food stall
-Bryan and Caleb Lewis of Press Waffle Co.; a Belgian waffle stall
-Chef Gilbert Garza of Suze, and Mark Brezinki of Pei Wei and Bengal Coast;an Indian wrap stall
-Yaser Khalaf of Baboush and Medina; a shwarma stall
-Misery Loves Company, behind Proof + Pantry and Madrina; a “gourmet” stall
-Matt McCallister of FT33 and Filament; concept TBA
-Andrew Chen of Monkey King Noodle Co.; concept TBA
-Robert and Kaci Lyford of Patina Green; concept TBA
-John Tesar of Knife; concept TBA

[Kelley USA]

That's an incredibly impressive lineup!!!

[Tnexster]

Was up in this area today and it's shocking the number of cranes they have in the air right now.

[Tnexster]

Legacy West's new campus for FedEx Office in Plano is up for grabs

http://www.dallasnews.com/business/real ... fice-grabs

[TXGunLover]

Given how terrible the traffic is in the area now, it's going to be non-functional within 18 months of now. It's the worst traffic in all of DFW between 4:45 and 5:45.

[tamtagon]

I have a feeling Las Colinas and Galleria-Midtown will take some of the air out of Legacy-Miracle Mile.

[Tnexster]

Given how terrible the traffic is in the area now, it's going to be non-functional within 18 months of now. It's the worst traffic in all of DFW between 4:45 and 5:45.

When you consider how bad it is now and then try to project the inclusion of at least 20,000 new jobs in the next 18 months plus the added residents, retail, restaurants and new hotels opening up you can see where it is going and going very quick. This is not even taking the new developments in Frisco into account. It will probably be a bit like the mixmaster is now.

[The_Overdog]

You may perceive traffic to be bad in this area, but it's not near the tops of the list and even if it is for two hours a day, there's 22 other hours when it's pretty empty.

US75 and 190 is the only congested section in Collin County to make the top 100 in TX worst even given TXDoT's questionable methodology. Congestion in this area is nowhere near curtailing its growth.


http://www.txdot.gov/inside-txdot/proje ... dways.html

[Tnexster]

Fidelity Investments is headed to Plano's Legacy West

http://www.dallasnews.com/business/real ... egacy-west

[rantanamo]

You may perceive traffic to be bad in this area, but it's not near the tops of the list and even if it is for two hours a day, there's 22 other hours when it's pretty empty.

US75 and 190 is the only congested section in Collin County to make the top 100 in TX worst even given TXDoT's questionable methodology. Congestion in this area is nowhere near curtailing its growth.


http://www.txdot.gov/inside-txdot/proje ... dways.html

LEgacy West isn't even open yet. Frisco Station isn't open yet, Wade Park isn't open yet.

[The_Overdog]

LEgacy West isn't even open yet. Frisco Station isn't open yet, Wade Park isn't open yet.

So when they open it will be #95 on the list. That's not going to curtail development. The rail line is still on the list for 2040, and the congestion study just completed (which took all those into account) basically said that the roadways, minus a few minor upgrades, are fine.

[Tnexster]

Traffic issues will get worse but will probably not curtail development, the perceived (true or not) decline in available workforce could potentially have an impact.

[rantanamo]

There is no way that interchange doesn't get far busier in the next 5 years. There is simply no nexus of office, retail and residential being built like this probably anywhere in the country in such concentration and at this pace. We aren't even mentioning the number of rooftops going up in the near vicinity that will likely have to use this interchange simply to get around the area. There is simply no way you can build like this without an eventual traffic consequence.

[Tnexster]

Before we get to five years Legacy area will add 30,000 new jobs and that is just the number today, not accounting for what is being added further north in Frisco or what has not been announced yet. Things will definitely change sooner than later. Toyota is close to being open, when they do 5000 jobs will move into Legacy West, and yes they will vacate some of their existing space in the area but I doubt that space will stay vacant for long. Too much demand up there.

[Jasimm]

As of December 7th

Officially Announced Retail Tenants:
-Barnes & Noble Flagship (Texas Exclusive)
-Bath & Body Works
-Bonobos
-Coach
-Filson
-Frontgate
-Johnny Was
-Peter Millar
-Planet Blue
-Pocket's Menswear
-Suitsupply
-Tesla Motors
-Tommy Bahama
-Tumi
-Venetian Nail Spa
-Victoria's Secret
-Warby Parker
-West Elm

Officially Announced Restaurant Tenants:
-Dean & DeLuca (Texas Exclusive)
-Del Frisco's Double Eagle Steak House
-Earl's Kitchen + Bar
-Fogo de Chão
-Haywire
-Mesero
-North Italia
-Shake Shack
-Sprinkles Cupcakes
-Sprinkles Cupcakes 24/7 ATM
-Sprinkles Ice Cream
-Taverna
-Toulouse Café & Bar
-True Food Kitchen
--Legacy Food Hall--20+ Restaurants & Bars (Current Announcements with More to Come)
-Uno Immanivong of Chino Chinatown; a yakitori stall
-John Franke of Front Burner Restaurants; a lobster, burger and shrimp stall
-Anastacia Quinones, formerly of Komali; a quesadillas stall
-Larry Williams of AmberJax Seafood Market and Grille; a Cajun food stall
-Bryan and Caleb Lewis of Press Waffle Co.; a Belgian waffle stall
-Chef Gilbert Garza of Suze, and Mark Brezinki of Pei Wei and Bengal Coast;an Indian wrap stall
-Yaser Khalaf of Baboush and Medina; a shwarma stall
-Misery Loves Company, behind Proof + Pantry and Madrina; a “gourmet” stall
-Matt McCallister of FT33 and Filament; concept TBA
-Andrew Chen of Monkey King Noodle Co.; concept TBA
-Robert and Kaci Lyford of Patina Green; concept TBA
-John Tesar of Knife; concept TBA

[Kelley USA]

Legacy West is crushing it!!

http://www.dallasnews.com/business/reta ... evelopment

[ContriveDallasite]

Legacy West developer Fehmi Karahan said he's working with Toyota and Chase to form a private partnership to run a bus circulating employees to the shops and restaurants and back to their cars of office.

Shouldn't that be DART's job?

[Tnexster]

I actually like the idea of local businesses getting into the act and taking some responsibility for pulling the partnership together. They know what they need and can make it happen a lot faster than waiting for bureaucrats down in Dallas to do anything. Let them try and see what they come up with.

[The_Overdog]

Nothing out of the ordinary here. Private buses run the Richardson Telecom Corridor circulator, picking people up at DART stations and taking them to offices. Private bus systems also complete the loop in places like Seattle, San Francisco, and DC.

Seems like there is a hole in the center of many transit systems, and that city design, when it comes to central business districts at least, leaves a lot to be desired.

This one actually seems better than most, as the restaurants are included in the circulator, which is not really true in Richardson.

[cowboyeagle05]

Also just because they are doing a partnership doesn't mean DART won't be the operator. DART is now bidding on private bus contracts so they could easily work for this partnership with a white labeled bus system contracted by Chase and Toyota. It just means DART couldn't make sweeping changes without Toyota's and Chase's approval.

[The_Overdog]

Also just because they are doing a partnership doesn't mean DART won't be the operator.

Looks like DART will be a 50% partner. This area will also be the test case for DART partnering with ride sharing groups via:

Implements one “tap” scheduling and payment
for services like taxi, Uber, or Lyft through
DART’s Go Pass for first-last mile trips

And right now the plan will roll out to other areas of DART coverage in 2018.

[Tnexster]

All good, this area is desperate for solutions and could create a model that Frisco can look at as well.

[Tnexster]

Tax services firm Ryan scouts Legacy West for new office HQ

http://www.dallasnews.com/business/real ... -office-hq

[exelone31]

Great breakdown of what's going in at Legacy West by the DMN.

http://www.dallasnews.com/business/retail/2016/12/29/massive-legacy-west-project-prepares-march-opening

[Tivo_Kenevil]

...Those are some massive garages. I hope they at the very least try to mask them

[exelone31]

I feel like they're not going to, which is a real shame. There's basically no connection between Legacy West and Shops and Legacy. With the widening of the Tollway underway, that gap is going to feel even larger.

[tamtagon]

I hadn't realized that hotel was so big! Between the two, Sam Moon has almost 1,000 rooms. Hopefully the evolution of the planned private shuttle between Toyota HQ and this open air shopping & dining center will be interesting.

The concept of a central transit station and routes between destinations may very well get a new millennial retooling should Plano and Frisco plan together and resurrect the importance of developer financing and planning in public transportation. In the good ole days, a developer would build a streetcar extension to his Next Big Thing bridging the distance with affordability and convenience. Today Collin County, even with workplace carpooling, the sheer volume of personal vehicles on limits the range of a lunch excursion therefore limiting the potential of each billion dollar master plan and corporate campus rebuild. Having a shuttle service that can get between Legacy West and The Star more quickly that most could drive it would be a profitable venture for the development owners.

For Plano and Frisco - really for all of North Texas -- municipal leaders in Plano and Frisco have to figure out how to get the developers to chip in some money & design elements for a public transportation scheme more beneficial that the whack-A-mole interface stifling DART.

The innovation and growth of Dallas satellite cities is more than impressive and it's past time they help the legacy agencies and entities in Dallas county evolve out of the 1900s.

[muncien]

I really don't think this are has a lot of options... at least not good options. Any benefits of Bus, Streetcar, or BRT are all going to be limited due to the fact that they're still stuck on the same streets as the bazillions of cars. The only thing worse than sitting in traffic in your vehicle, is sitting in traffic in a vehicle with dozens of other strangers.

Rail isn't much better since the station won't get u the last mile.

PRT could provide good coverage for the area, and would operate independent of traffic, but would be a bit of a gamble since no full blown systems operate (yet).
http://www.skytran.com/skytran/

[tamtagon]

Grand scheme, I'm thinking a new road, snaking through the properties, off grid, something like that -- that's where the developers must come together and agree....

[texasstar]

...Those are some massive garages. I hope they at the very least try to mask them

Doesn't look like it.

[exelone31]

This article goes into a bit of detail about some of the path's the City of Plano is looking into when it comes to handling the influx (or current mass, really) of traffic.

http://www.dallasnews.com/news/plano/2016/12/26/planos-3-billion-legacy-west-grows-city-officials-want-car-usage-shrink

It seems like nothing has really been decided on this, and it's only a matter of time before things start coming online in this area. I'm sure (hope) there have been more extensive development on the planning side that we're simply not privy to, but that area is going to become a jumble here very soon.

[Tivo_Kenevil]

This article goes into a bit of detail about some of the path's the City of Plano is looking into when it comes to handling the influx (or current mass, really) of traffic.

http://www.dallasnews.com/news/plano/2016/12/26/planos-3-billion-legacy-west-grows-city-officials-want-car-usage-shrink

It seems like nothing has really been decided on this, and it's only a matter of time before things start coming online in this area. I'm sure (hope) there have been more extensive development on the planning side that we're simply not privy to, but that area is going to become a jumble here very soon.

I'm afraid it's too late, it should've been thought with in mind. They already built 5000 spaces & there's zero plans in place of bringing Transit there. If it happens it will take years, decades maybe..

[Tnexster]

I thought there was a plan, one that involved Toyota, to at least run some kind of transit operation around Legacy West.

[LongonBigD]

I have heard that talks between Toyota, Chase and maybe Liberty Mutual have started to discuss transportation which could include shuttles to Parker Rd redline station and a bus system for the immediate area (Legacy West offices and retailers).

[Tnexster]

New York shared office firm WeWork joins Plano’s hot Legacy West project

http://www.dallasnews.com/business/real ... st-project

[Tnexster]

Subscriber content but here is the link

An exclusive look at Plano’s newest corporate magnet

http://www.bizjournals.com/dallas/news/ ... orate.html

[DPatel304]

I have heard that talks between Toyota, Chase and maybe Liberty Mutual have started to discuss transportation which could include shuttles to Parker Rd redline station and a bus system for the immediate area (Legacy West offices and retailers).

I definitely like the idea of a bus system for the immediate area. The shuttle to the Parker Rd station, however, just doesn't seem worth the trouble, IMO.

[tamtagon]

...the Campus at Legacy West
by Steve Brown

http://www.dallasnews.com/business/real-estate/2017/01/03/first-look-redevelopment-plans-penneys-plano-hq

..."There is not another competing Class A corporate campus with this much contiguous space available in North Texas," Ware said. "The intersection of Highway 121 and the Dallas North Tollway is one of the most desired places for corporate relocations in the country." The new owners plan to sell 45 acres surrounding the Penney headquarters for development. "We've already had over 10 offers on the land and over 100 inquires," Ware said. "We have lots of interest from condo, hotel, high-density apartment and office developers...

J.C. Penney will continue to occupy 1.1 million square feet in the buildings. Ware and Colliers are renting 600,000 square feet that the national retailer will vacate, plus an additional 300,000 square feet of office construction in an underused portion of the existing complex.."

I still think Penney needs to move out of the suburbs, even if the suburb is the one that's turning into a destination right before our eyes.

[muncien]

I don't know... I'm thinking JCP may be better at Real Estate than at Retail.

[TXGunLover]

I have heard that talks between Toyota, Chase and maybe Liberty Mutual have started to discuss transportation which could include shuttles to Parker Rd redline station and a bus system for the immediate area (Legacy West offices and retailers).

People aren't going to leverage that. Having worked at the corner of Legacy/Headquarters since 2015, I can assure you the area will be terrible, as it's already unbearable during rush hour.

[exelone31]

http://www.dallasnews.com/business/real-estate/2017/01/09/apartment-tower-starts-month-planos-legacy-project

While not truly "Legacy West", I'm not sure how to dig up the old Shops and Legacy thread. This development is in the lot just south of Legacy Tower on the east side of the DNT. At one time, that tower was very noticeable. What a difference a couple years makes.

[Tnexster]

Developer behind Toyota's Plano campus to build out more of Legacy Business Park

http://www.bizjournals.com/dallas/news/ ... j=77201371

[Tnexster]

The sky is not the limit: Metroplex real estate's move to vertical

http://www.bizjournals.com/dallas/news/ ... tates.html

[Tnexster]

Health care firm HQ heads to Plano's Legacy office park

http://www.dallasnews.com/business/real ... egacy-park

[Tnexster]

What’s coming to Plano’s Legacy West

http://www.dallasnews.com/business/econ ... egacy-west