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Miramar Eyes Late Spring Ground-breaking on Latest 650,000-SF East Plano Project

DALLAS-Miramar Development is readying plans to break ground on a 650,000-sf project in east Plano that nearly mirrors one that will deliver in April in the same submarket. That's it for east Plano after this one, says the developer. There's not enough land left for his kind of work.

By Connie Gore | Updated on January 16, 2001

DALLAS-Miramar Development, based here, is putting finishing touches on plans for a second 650,000-sf project that nearly mirrors its soon-to-be-completed 10th Street Business Park in Plano’s section of the Telecom Corridor.

The Plano Distribution Center, totaling 34 acres, will break ground in late spring on the first phase, consisting of two 100,000-sf office-warehouse buildings. “It’s not identical, but it’s similar,” John Bunten, Miramar’s owner told GlobeSt.com. The second and third phases will total 200,000 sf and 250,000 sf, respectively. Bunten figures it will take 2-1/2 years for build-out of the estimated $24-million development.

Miramar has kept the 34-acre purchase under wraps since its acquisition from Union Pacific Railroad in late October. Bunten expects this will be his last project in the Telecom Corridor due to what he terms a shortage of large land tracts. He has done four as Miramar and several more for another developer in Plano’s eastern submarket before he set up his own company.

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