Richardson office project aimed at business relocations
Developers are pitching a new office project at Richardson’s CityLine campus.
The 300,000-square-foot office would be built in a venture between Transwestern Development Co. and property owner BC Station Partners near the southeast corner of U.S. Highway 75 and Bush Turnpike.
The developers are touting the Exchange at CityLine building for potential business moves.
“This is one of the best sites in Texas for a corporate relocation, whether it be a lease or an acquisition,” Paul Wittorf, market leader for Transwestern Real Estate Services’ North Texas operations, said in a statement. “The outlook for the Dallas market post-pandemic gives us confidence that The Exchange at CityLine will appeal to a host of corporate users, both local and out of state.”
Office building owners and developers are counting on business moves from out of state to fill millions of square feet of empty office space in North Texas.
Almost 75,000 people moved to the Dallas-Fort Worth area during the pandemic and more relocations are expected as the economy takes off.
Dallas architect BOKA Powell designed the Exchange at CityLine building with a fitness center, food service facilities and an adjoining parking garage.
The building site is a short walk to commuter rail stations that will give access to DFW International Airport with DART’s new Silver Line. A new hotel is across the street.
Exchange at CityLine would be the second office project Transwestern has developed in Richardson’s Telecom Corridor.
In 2016, Transwestern and partner UBS Asset Management built a 310,000-square-foot speculative office building at the northeast corner of Renner Road and U.S. 75.
Transwestern’s newest project is proposed on a vacant site just west of State Farm Insurance’s huge regional office campus, which is on the south side of Bush Turnpike.
It’s the first new office development planned in Richardson since the start of the COVID-19 pandemic.