Crow Holdings Plans 235,000 SF Mass Timber Office Building to Anchor Mixed-Use Development in Frisco, Texas
FRISCO, TEXAS — Crow Holdings Development (CHD), a Dallas-based real estate development firm and subsidiary of Crow Holdings, has released plans for The Offices at Southstone Yards, a mass timber office building in Frisco. The 235,000-square-foot property will anchor Southstone Yards, a 45-acre mixed-use development that will feature over 1 million square feet of office space at full buildout.
In addition to offices, Southstone Yards will feature shops, restaurants, hotels, nine acres of green space, and more than 1,000 apartments and townhomes, including a five-story, 355-unit property that North Carolina-based LMC is developing. The Dallas Morning News reports that the mixed-use development is valued at $850 million.
The seven-story office building represents the first mass timber office building in North Texas, according to CHD. Compared to common building materials like steel and concrete, developers are utilizing mass timber construction because they find it’s more sustainable, provides greater design flexibility, results in a lighter environmental footprint, offers higher thermal insulation and creates a warmer aesthetic.
The Dallas Business Journal reports that The Offices at Southstone Yards will be among the largest mass timber office buildings in the United States at completion.
The property will feature raised floors, which provides flexibility for electrical infrastructure and reduced maintenance and buildout costs. Amenities will include onsite fitness and wellness centers, conference and executive meeting areas, an air-filtration system for enhanced indoor air quality and two adjacent programmed parks.
“In a post-pandemic work environment, employers and their valued teams have increased their expectations and seek an office environment that delivers a dynamic experience,” says Cody Armbrister, senior managing director of CHD’s office team.
“We are pleased to be able to provide The Offices at Southstone Yards as an option to employers seeking to meet those expectations for their teams, to help achieve their company’s ESG-related (environmental, social and corporate governance) objectives and to create a healthier, higher-performing workplace,” he adds.
The project team for The Offices at Southstone Yards includes Duda|Paine Architects, Gensler and CBRE. CHD also worked with the Frisco Economic Development Corp. on incentives. The developer plans to break ground this summer on the office building with a targeted completion in third-quarter 2023.
CHD has more than $6 billion of new projects starting in 2022 alone. The firm recently secured permit approval for the newest addition to its nearby Old Parkland office campus in Dallas that is slated to open in mid-2024.
CHD has developed more than 269,000 multifamily units and 60 million square feet of industrial space, in addition to its office projects. Parent company Crow Holdings is privately held and has $27 billion of assets under management.
— John Nelson