Heady's speculative Plano office development under way
An artist's rendering of the Headquarters 1 in Legacy Town Center.
Candace Carlisle, Dallas Business Journal
Thursday, December 1, 2011, 1:36pm CST
Plano-based Heady Investments has broken ground on its six-story, 164,000-square-foot building on the southeast corner of Headquarters Drive and the Dallas North Tollway at Legacy Town Center in Plano.
Construction began on the project at the end of November, and is 100 percent speculative. The building is scheduled to be complete by December 2012.
Developer Randy Heady says he's got a number of tenants eyeing the building.
Headquarters I at Legacy Town Center has already received interest from brokers representing tenants seeking 50,000 square feet to 100,000 square feet of space, he said.
Heady Investments secured construction financing of about $16 million on the speculative first phase of the project through Bank of the Ozarks . The project will cost an estimated $26 million to construct.
Dallas-based ANPH Architects designed the project. Ed Henry Building & Engineering is the general contractor.
The six-story, 164,000-square-foot Class A office project at the northeast corner of Headquarters Drive and Dallas North Tollway is located on 5.2 acres of land in Plano.
The company will wait until the first phase of the project, Headquarters I at Legacy Town Center, is roughly 40 percent to 50 percent leased before applying for construction financing for the second phase of the project.
Heady Investments will keep the same designer and general contractor for Headquarters II at Legacy Town Center.
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