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The Texas A&M University System board of regents approved construction plans and an almost $41 million budget last fall for the 76,000-square-foot three-story academic building on 80 acres.
HALL Structured Finance has opened a Reg. A debenture offering in an effort to raise $50 million in investments to meet the growing demand for construction financing.
As North Texas explodes with new development and continued growth, Allen has the foundation in place to potentially emerge as a new submarket, similar to the CBD, Uptown and Richardson-Plano.
After evaluating many neighboring cities and available properties, the tech firms found that Legacy Central was the best fit due to its proximity to the highway and wide range of amenities.
Developers and landlords continue to adjust to market forces with creative uses of space, ranging from restaurants and entertainment to grocery and consignment in the DFW market.
Overland Grove is planned for a variety of lot sizes, residential design guidelines, significant open space, pedestrian trails, proposed on-site elementary school, a community garden and an amenity center.
ASB benefited from significant value creation during the term of its investment, and saw the opportunity to realize gains for its investors, while rebalancing its diversified real estate portfolio in line with allocation targets.