BY MICHAEL CROUCHLEY
Zooming in
Looking ahead
What is Legacy?
Bannon said the Texas Research Quarter’s location in the Legacy neighborhood is one of its “strongest selling points.” “Oftentimes you see comparable developments like this in greenfield spaces, where a tenant would come in and just hope the amenities will follow,” she said. “So we have a really great value proposition here.” McDonald also added that, in turn, the Legacy neighborhood will see plenty of benefits from the addition of the Texas Research Quarter. “For a campus of this size, that’s just sitting here, to come back, that will have a huge impact on the entire Legacy business park,” McDonald said. In bringing in a new and emerging industry such as life sciences, Bannon said the Texas Research Quarter will “future-proof” Legacy, allowing it to experience continued growth similar to what has
With the project’s first phase of construction set to finish in 18 months, Bannon said NexPoint is hoping to soon secure some “anchor tenants and future leases” for the first manufacturing space. The following two phases of the project will feature a hotel, 800 mid-rise residential units and a 9-acre park, along with more office and lab space.
2,665 acres
127 restaurants and shops
33M square feet of corporate and regional headquarters
19,801 housing units
19 corporate headquarters with 1,000+ employees
“[TRQ] is going to bring this huge impact of the new workforce and new
SOURCES: LEGACY ASSOCIATION, CITY OF PLANO/COMMUNITY IMPACT
industry into Legacy.” DOUG MCDONALD, PLANO DIRECTOR OF ECONOMIC DEVELOPMENT
second-time-around catalyst for the area’s long- term future is such a cool aspect of this,” Bannon said. “It’s being done in a way that I feel is very similar to the entrepreneurial spirit and vision that Ross Perot brought [in the ‘80s].”
occurred over the last 40 years. “The fact that this could be a
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PLANO SOUTH EDITION
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