Granite Properties plans to break ground in early 2013 on the 12-story Granite Park IV building. The 300,000-square-foot speculative office project will be east of the tollway and just south of State Highway 121 in the Granite Park complex.
West Plano is considered one of the best commercial real estate markets in the country. Granite’s new tower, designed by Dallas architect BOKA Powell, will take about 14 months to build. Granite also plans to begin construction in early April on its 300-room Hilton Granite Park, which will be built on an adjoining site. Combined, the buildings will comprise one of the largest private-sector construction projects in North Texas, with a value of more than $150 million.
The new hotel will have approximately 30,000 square feet of meeting/conference space, a business center, coffee shop, technology bar, full-service restaurant and what is planned to be the coolest bar and patio scene in the area. When the Hilton is complete in the late summer of 2014, it will be joined to Granite Park Three by a bridge over the park's central water features. (11/30/12)