Desks into doorsteps From the cover
The inspiration
Two-minute impact
eliminating an office product that wasn’t going to compete very well and replacing it with some- thing much more valuable,” Magner said. At both The Glenville and Sherman Lofts, the previous buildings were demolished so that new construction could take place. Tommy Mann of Winstead PC, which rep- resents Lang Partners, the company redeveloping the property, told Richardson City Council when the project was originally approved in 2021 that the previous building was “unappealing to current tenants” and the company struggled to lease the space.
The city is largely built out, Magner said, meaning that fewer large single-family homes can be developed. “Most of what we’re going to do is redevelop and reinvent little pockets of Richardson,” Mag- ner said. “Because of the economics of the day, most of the new projects will be much denser.” The city is also leveraging the projects’ prox- imity to DART’s Red Line, aiming to also increase DART ridership in the process, Magner said. Magner added that in the current commercial real estate market many companies are looking for highly amenitized offices. “We see it as a win-win because we were
Three projects that aim to repurpose outdated office space as apartments are in the early stages of development, Richardson City Manager Don Magner said. The Glenville, a former Baylor Scott & White medical office located at 2520 N. Central Expressway, and Sherman Lofts, located at 111 W. Spring Valley Road, have both started construction. A third, located at 250 E. Arapaho Road, was approved at City Council’s Feb. 10 meeting. JLB Partners Developer Jeff Patton said the building set to become The Glenville was poorly suited for retail or office uses because the COVID-19 pandemic permanently reset the office market with many businesses offering work from home or hybrid opportunities.
RENNER RD.
PGBT TOLL
250 Arapaho Road
75
Sherman Lofts
The Glenville
Projects
Current land use Richardson officials aim to redevelop outdated office space near major roadways as residential developments.
CAMPBELL RD.
Total acres
3.78
4.43
10.39
Total units
379
390
443
ARAPAHO RD.
Office Retail Multi-family Parks
Estimated unit size Estimated completion Eliminated office space
750 sq. ft.
825 sq. ft.
850 sq. ft. 30-36 months
BELT LINE RD.
18-20 months
18-20 months 20.22K sq. ft.
80K sq. ft.
156K sq. ft.
SOURCE: CITY OF RICHARDSON/COMMUNITY IMPACT
N
SOURCE: CITY OF RICHARDSON/COMMUNITY IMPACT
Wills on
Advertise in the Spring Camp Guide
Wheels
SM
Let me help you create your will in the comfort of your home.
Call Now� Wills, Trusts, Probates
www.VickiRatliffAttorney.com 972.824.0778 Principal Office: Richardson, Texas
ADS@COMMUNITYIMPACT.COM PRINT + DIGITAL PACKAGES | DIRECT MAIL
Vicki S. Ratliff, Attorney
16
COMMUNITYIMPACT.COM
Powered by FlippingBook