A new tower is on sights for developers and it is expected to cost $120 million according to a Dallas Morning News article from May 5 which reports,
“The 24-story high-rise will go up near the southwest corner of the Dallas North Tollway and State Highway 121 in the $3 billion Legacy West development. Dallas tax services firm Ryan LLC is building the project with Minneapolis-based Ryan Cos. U.S., a major commercial builder.
The 426,000-square-foot development is set to start next week and will open in May 2024, according to planning documents filed with the state.
The new office tower, which will cost more than $120 million, was designed by architect Gensler.”
The eight year grand project has been a successful development which houses different companies and Ryan LLC, currently set inside the district, will be occupying the new tower according to a The Real Deal article from May 6. They say,
“Legacy West is a business and cultural district, which encompasses 415,000 square feet of retail, restaurant and office space, a 55,000 square-foot food hall, over 1,300 residential units and a 303-room Renaissance Hotel. The space was initially developed by JCPenny in 2011, when the company moved its headquarters from New York to Texas. Today, it’s home to office centers for Toyota, Liberty Mutual Insurance, FedEx Office, JPMorgan Chase, Boeing and other employers.
Ryan LLC bought the more than six-acre development site at Windrose Avenue and S.H. 121 in 2017. North of Liberty Mutual Insurance and JPMorgan Chase’s huge Legacy West office campuses, the space was one of the last vacant tracts in the Legacy West mixed-use project. With the new building, there will still be room on the site for a second future office tower.
When the new tower is complete, Ryan LLC will occupy about half the space, moving hundreds of workers from its offices at the Dallas Galleria. JLL has been hired to lease the remainder of the project to multiple office tenants.”
While the new tower is still set to break ground before June, a second tower is already being proposed as there is a still a huge space in the district for another high rise building.