Mixed-Use Settings Bolster Office Prospects in Texas
Source: Rebusiness Online
The northeastern Dallas suburb of Allen has been something of a hotspot for corporate office development and job growth over the past several years. One of the city’s newest office projects is FarmWORK One, a 102,000-square-foot building that is being constructed within The Farm at Allen, a 135-acre mixed-use destination by locally based firm JaRyCo Development.
The developer’s decision to include this building in Phase I, construction of which will begin this year, is a testament to the firm’s confidence in the leasing potential of boutique office product that is surrounded by ambulatory retail, restaurant and residential uses.
“The pandemic forced us to examine how we go about developing office buildings, what we put into the design and what needs to change,” says Bruce Heller, president of JaRyCo. “With The Farm, we sought to create a mixed-use development that was eco-friendly and sustainable and had a lot of open space — about 25 percent of our acreage is for open space and parks. That was pre-COVID, but even without the pandemic, it’s just a better way to deliver office product.”