Businesses in search of office space with in the Plano real estate market will have more options to choose from starting next year. Granite Properties, a Plano,Tx real estate firm, will began construction on a $150 million office tower. It is expected to break ground in spring 2013.
This will be the fourth tower Granite will build in the Granite Park complex. Once finished, the Granite Park Four Tower will house 300,000-square-feet of office space. The office tower will be in proximity to another Granite Properties' project expected to break ground in the area: The planned 300-room Hilton Granite Park conference hotel.
The Granite Park Four Tower isn't the only hot real estate project happening in the area. Plano real estate has seen an increase in home construction for the past several years despite a slow economy. The Plano homes for sale are mostly single-family homes in master-planned communities. West Plano real estate has also seen an increase in construction. Many single family homes near major shopping outlets have been constructed to satisfy the demand for homes. Most Plano homes for sale are near major shopping centers, such as The Shops at Willow Bend. Its major tenants are Dillards, Nieman Marcus, Coach and Crate and Barrel. Plano also has other discount retail stores such as Nordstrom Rack, Gap Outlet and Levis Outlet. The new Granite Park high rise office tower and Hilton hotel in West Plano is expected to attract new residents searching for urban living in the Plano real estate market.
Plano is served by the Dallas Area Rapid Transit. The Red Line of the DART Light Rail stops at various stations with in Downtown Plano and Parker Road. Plano has multiple highways, which runs through it. Eastern Plano is served by U.S. Highway 75. Dallas North Tollway provides commuters on the west side easy access to all destinations within the city. Other major highways within Plano are President George Bush Turnpike, Preston Road and the Texas State Highway 121. Plano is an hour away from Dallas, Ft. Worth and the award winning Dallas Ft Worth Airport. Plano was selected as All-America City in 1994. Many employers call Plano home. J. C. Penney, Capital One,Dell, Ericsson, Yum! Restaurants International. It is also home to many colleges, universities, and other institutions of enrichment.