A new midrise, multitenant-office building is planned for Plano. Developers Jesse Pruitt and Houston-based Hines have 11 acres under contract at Plano Parkway and the Dallas North Tollway. The proposed building would be five stories and up to 250,000 square feet.
High demand for Class-A office space has pushed the vacancy rate down to 8% along the Dallas North Tollway. Heady Investments and Granite Properties also have plans to develop midrise-office buildings in West Plano. (10/14/2011)