Search
 

St. Ives, Land Plan Dig Into 89,883-SF Project

PLANO, TX-Vertical work is about to begin on the 89,883-sf Headquarters Village. With preleasing at 50%, the co-developers are eyeing its expansion.

By Connie Gore | Updated on August 17, 2008

PLANO, TX-With their eye on the future, St. Ives Realty Inc. and Land Plan Development Corp. already are considering expansion of the 89,883-sf Headquarters Village, a 9.6-acre project just now poised to go vertical. The retail and office project has hit 50% preleasing, with more deals right around the corner.

Headquarters Village, slated to deliver in January 2009, has a front-row seat along Preston Road at its intersection with Headquarters Drive. A Comerica Bank will sit at the hard corner on a ground-leased pad site while the inline deals to date have nailed Paradise Bakery for a 4,500-sf end cap and Holy Grail restaurant for a 3,060-sf space.

Land Plan of Dallas also owns the abutting seven acres. “We’ve been approached about the possibility of joint venture development on that piece,” Bryce Gissler of Dallas-based St. Ives tells GlobeSt.com. “The intent was to develop something upscale that complemented the new buildings in the area.” He credits the preleasing reception with jump-starting talks for another phase.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.