"From DFW Airport To City Of Allen, 121 Corridor Is Booming"

“There is a great quality of life out there,” Mark Bulmash said. “Allen keeps getting mentioned in Money and Forbes as one of the best places to live.”

“You see all this stuff that has happened up at Legacy and Frisco and Richardson. It is all moving toward us along the highway, and we have this iconic site — a gateway into Allen and into the northeast Dallas area.”

Read the full article here: “From DFW Airport To City Of Allen, 121 Corridor Is Booming”.

Allen EDC Moves Office to One Bethany East at Watters Creek

ALLEN, Texas (June 5, 2018) – The Allen Economic Development Corporation (AEDC) has moved into 5,000 square feet of office space in One Bethany East at Watters Creek. With their move, the AEDC is capitalizing on the synergy currently taking place within the new office park being developed by Kaizen Development Partners, located at Bethany Drive, just west of U.S. Highway 75 in Allen.

“We are excited to welcome the AEDC to One Bethany East,” said Lee White, General Counsel and Managing Partner of Kaizen Development Partners. “Having the AEDC as a tenant not only exhibits our continued partnership together, but has a secondary benefit to our leasing efforts because it allows us to showcase One Bethany at Watters Creek to all corporate users considering a move to the City of Allen.”

One Bethany East is a five-story 125,000-square-foot, Class A office property that will include a conference center, training room, tenant lounge, fitness center and large, 570-space structured parking garage. It’s being built within One Bethany at Watters Creek, a 17-acre, multi-phase, corporate office campus that is expected to contain up to 1 million square feet of high quality office space at full build-out. Additional office development sites are available and capable of accommodating 660,000 square feet of single or multi-tenant corporate users.

“The AEDC has been a catalyst behind the new projects in the business park, including One Bethany East, the Convention Center and the new NETSCOUT facility,” AEDC Board president Michael Schaefer says. “We’re excited to show further commitment to the park by locating our office in the middle of these new developments.”

One Bethany East will also serve as the new headquarters for BossFight Entertainment, a renowned video game development company moving into their 13,500 square-foot space in July and Verado Energy, an oil and gas company that will locate their new base of operations within the building. Within the campus, the technology company NETSCOUT Systems Inc, will open their new 145,000 square-foot headquarters in Summer 2018. The new four-star Delta Hotels by Marriott and Watters Creek Convention Center is located across the street and will open late 2018.

“One Bethany East’s direct access to shopping, dining and urban lofts in Watters Creek makes it highly attractive to office users,” AEDC Director Dan Bowman explains. “There are very few competing Collin County sites where office employees can truly walk directly to a mixed-use center.”


 

About the Allen Economic Development Corporation:

The Allen Economic Development Corporation (AEDC) is funded through a citywide half-cent sales tax and charged with facilitating company relocations and assisting the expansion of existing businesses, which creates jobs and generates additional tax revenue to the community. Today, Allen’s total ad valorem tax base exceeds $8.5 billion. The AEDC was instrumental in assisting over $1.6 billion in announced projects in 2017, including the new Delta Hotels by Marriot and Watters Creek Convention Center, a $91 million, four-star hotel with 90,000 square feet of convention space and the new 340,000 square-foot data center from CyrusOne, which is the first of a three-phase data center campus totaling more than 100 megawatts of power.  These projects are excepted to open in 2018.

For more information, visit www.AllenEDC.com.

About Kaizen Development Partners

Kaizen Development Partners (KDP) is a commercial real estate developer specializing in office, mixed- use, and healthcare developments. KDP brings unencumbered creativity, marketplace knowledge and strategic vision to the built environment. Over the past five years alone, the principals at KDP have developed over 2 million square feet of institutional quality projects valued at approximately $720,000,000. KDP is rooted by senior-level principals committed to delivering extraordinary value and service through innovative thought leadership, effective market positioning, conservative risk management, and hands-on project management.  For further information, visit www.kaizendp.com.

Allen EDC Contact

Eileen Gonzales

egonzales@Allenedc.com

972.727.0228

Full STEAM Ahead: Collin College Technical Campus Approved

Collin College can move forward with plans to build a new Technical Campus in Allen.

Allen City Council approved zoning and concept plans for the 32-acre campus at the April 24 meeting. Located north of Ridgeview Drive between Alma Drive and Exchange Parkway, the campus will consist of four primary buildings with nearly 340,000 square feet of classroom, lab and office space.

According to Collin College, the Technical Campus will train students in advanced manufacturing, aviation technology, construction, health science, logistics and transportation. The Collin College Technical Campus will be linked with the new Allen ISD STEAM (Sciences, Technology, Engineering, Arts and Mathematics) building via two walkways. Allen ISD plans to open the STEAM Campus to students in 2019-2020.

With zoning now approved, the City will work closely with Collin College to review detailed engineering and architectural plans before construction begins. The campus is expected to open in fall of 2020.

Learn more about the campus and academic programs.


This story was originally posted by the City of Allen. For the latest city-wide updates, visit AllenNews.org.

Dallas Morning News.

After ranking Allen as the #2 Best Place to Live in the nation, MONEY Magazine has ranked Allen as the #2 Best Place to Launch a Career.

Read more at the Dallas Morning News.

JLL's press release here

JLL announced today the successful negotiation of a new office lease for Dallas-based Verado Energy’s new headquarters. One Bethany East in Allen, Texas, will serve as the domestic oil and natural gas production company’s new base of operations.

Read JLL’s press release here.

Allen Ranked as Best Suburb for Millennials

The City of Allen continues to be nationally recognized as CNBC recently named Allen the best suburb in Texas in its list of top suburbs in the United States.

CNBC’s list is based off information from MONEY Magazine (which ranked Allen number 2 in the country) and includes data such as median household income and projected job growth.  Allen’s projected job growth of 16.99% was the highest on the list by a wide margin.

CNBC noted that many millennials are beginning to look towards the suburbs as they search for a home. Suburbs like Allen offer many of the same (if not more) amenities than one might find in urban centers, for a smaller price tag.

Read the full write-up at CNBC and see the full report at HowMuch

This update was originally posted on AllenNews.org

JLL: The Growth and Transformation of Allen

The growth and transformation of Allen

“Despite the ups and downs of the national economy, the Dallas-Fort Worth metroplex expands.  I find it hard to believe that at the beginning of the tech boom in the 1990s, our job base totaled 2.6 million versus 3.7 million today.  At that time, our telecom corridor was rapidly expanding and Legacy was in its toddler years. Those 1.1 million new jobs fueled the expansion and creation of many business hubs.

As we look around DFW today, new development continues to flow into established areas to accommodate our growth. Other areas, however, are also emerging as potential new submarkets.  One of those is Allen. Currently, Allen and McKinney are included in the broader Richardson – Plano submarket.  Although that combination makes sense today, it probably doesn’t in the not too distant future.

Of all the next tier suburbs in the path of development, Allen looks to be positioned for transformative growth.  Currently, the Allen corridor has about 3 million square feet of office space.  All of that is located along a two mile stretch between Bethany Drive and Exchange Parkway.”

Read more at JLL’s Sixty by Eighty Blog

Exciting New Development Gets Thumbs-Up

While plans for the large mixed-use development known as The Strand were announced in May, development is officially underway with Allen City Council approval of the zoning and concept plan. The Strand will encompass 135+ acres along the S.H. 121 corridor and will embody a true mixed-use development.

Located on the southeast corner of S.H. 121 and Alma Drive, The Strand will consist of office space, urban residential living options, boutique-style shopping, roof-top dining, and much more. With zoning now approved, the City will work closely with Hines, the development firm, to review the initial phases of the project before construction can begin.

Bob Johnson, property owner, says his family was very particular when choosing a firm to develop the area.

“We wanted to design it with Allen’s culture in mind,” says Johnson.

Johnson stressed how important it was that a developer be chosen who could bring something truly great to the area.

Hines, the international firm behind The Strand, is also responsible for the Galleria Dallas, another local mixed-use project that has seen great success. They have offices in 21 countries around the world with over 100 developments currently underway.

Designed by the architects at Gensler, the concept plan for The Strand features five distinct character districts, 10-acre greenbelt along Watters Creek, an open space corridor with an entertainment venue, and housing for all lifestyles within a master-planned environment that will include up to 2 million square feet of office. Barry Hand, Studio Director at Gensler, described The Strand as becoming the new urban center for Allen that will attract smaller, artisanal-style shops and restaurants. The entire project will be developed in phases over a 10-year period.

“I think this will be one of those places in Allen that everyone will want to go to,” said Mayor Stephen Terrell upon Councilmembers voting for unanimous approval at the January 9 meeting.

This article was originally posted by the City of Allen on AllenNews.org