NexPoint Proposes a 200-Acre Life Sciences District in Plano, Texas
Development to be centered at the former EDS campus in Plano, TX
NexPoint is proposing to develop TxS District, a 200-acre life sciences development in Plano, TX.
The project centers on the 91-acre former headquarters for Electronic Data Systems and would incorporate 109 additional acres. In total, the project would create over 4 million square feet of lab, office, and therapeutic production space across four phases of construction.
Phases one and two propose transforming two existing buildings on the main campus into 970,000 square feet of lab and office space and 120,000 square feet of amenity space. Initial site improvement plans also include a public park, an amphitheater, and connectivity to the nearby Legacy retail development.
NexPoint believes the proposed project can be achieved through a public-private partnership. The firm is engaging with the City of Plano about NexPoint’s development plans and the project’s impact on the surrounding area.
NexPoint is collaborating with CRB to provide architectural and engineering services throughout the four proposed phases of construction.
JLL is the project’s leasing agent.
NexPoint purchased the main campus in 2018 and has been acquiring the additional acreage since then. The firm has been involved in several life science deals including its investment in IQHQ, a life science REIT that operates in life science clusters on the East and West Coasts.