New Plano office campus is part of $1 billion development

PLANO, TX – Two of North Texas’ most experienced commercial property developers are teaming up to do a major new business campus in Plano.

Cawley Partners and Rosewood Property Co. plan to build a million square feet of offices in four buildings on Bush Turnpike.

The new office project will be a part of Rosewood’s $1 billion Heritage Creekside development just west of U.S. Highway 75.

The developers plan to build the offices in phases, starting with a six-story, 250,000-square-foot building near Bush Turnpike and Custer Road.

“Plano remains a hub for corporate activity,” developer Bill Cawley said in a statement. “With the development of Heritage Creekside, we are bringing the first live-work-play environment to the State Highway 190 corridor of Plano.

“Legacy has garnered much attention the last few years, and we want to bring that excitement and energy to this section of Plano.”

Over the last six years, Rosewood has teamed up with builders to construct a series of single-family houses, apartments and retail space in its Heritage Creekside project on the north side of Bush Turnpike. It’s west of the huge CityLine development in Richardson and near the University of Texas at Dallas.

Cawley Partners is planning for the four office buildings to surround a central courtyard with restaurants and other amenities. Along with offices, the first new building will have a fitness center, conference center and rooftop deck.

Cawley Partners has already developed multiple office projects in Plano and Addison.

Last month, the developer bought furniture and appliance retailer Rent-A-Center’s corporate headquarters in the Legacy business park, which it is converting into multi-tenant office space.

Rosewood Property was founded in 1976 by the family of the late Dallas businesswoman Caroline Rose Hunt. It has property holdings throughout the area.

“Rosewood is excited to partner with Cawley Partners, a best-in-class office developer with a great track record, to continue the development process at Heritage Creekside,” said Rick Perdue, president, Rosewood Property Company. “Bill Cawley and his team are the perfect partner as we add the important office component to this already successful project.”