The largest real estate project under construction in Texas, located in Plano, is wrapping up in about half the expected amount of time.
"Developers building Plano's $3 billion Legacy West project say it has happened in less the half the time of their most optimistic projections," reports Steve Brown.
Conservative estimates before the project began construction put the timeline at nine to ten years. Now the project only has 11 acres out of 255 acres left to develop after only 2.5 years of construction.
The project includes new corporate campuses for Toyota, JPMorgan Chase, and Liberty Mutual Insurance, according to Brown. Steve Van Amburgh, CEO of developer KDC, credits some of the fast pace of construction to the addition of Toyota to the campus.
Planetizen detailed the development boom in the Plano area in October 2015 as well as the critical decision by Toyota to depart California for the new Plano campus.
Fehimi Karahan, CEO of developer The Karahan Companies, provides another telling soundbite for insight into the character of the Legacy West project—describing it is an urban destination, rather than a suburban development.
Read the full story: Plano’s $3 billion Legacy West is being built in less than half the time expected
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Planetizen Federal Action Tracker
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California High-Speed Rail Authority CEO resigns after $600,000 scandal
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Want to study the Missouri River? Soon, you may need unanimous approval from 10 states
Legislation would require 10 governors’ permission to study or build projects moving water outside the basin.
Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
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