Primera Cos.’ new building will open next September.
The Town Square II building is being constructed near the southwest corner of Preston Road and S.H. 121 (O’Brien Architects.) Developers have broken ground on a Plano office building — one of the few such projects moving ahead during the pandemic. Primera Cos. is building its Towne Square II offices near the southwest corner of State Highway 121 and Preston Road. The 80,000-square-foot building will join a similar project the developer completed three years ago. “This deal has been in the works for the last year,” said Primera Cos.’ Randy Sutton. “The land behind our existing building was going to be used for a hotel. “That project fell through, and we purchased the property.” The new project is designed for small tenants. “Our niche is the office suites are all pre-finished — move-in ready,” Sutton said. The planned two dozen office suites will range in size from about 2,000 to 5,000 square feet. The building will also have two shared conference rooms. “The suites in the new building on average are a little bigger,” Sutton said. “We are trying to retrofit for today’s environment — touchless elevators, automatic doors and clean air that we think is going to be important.” O’Brien Architects designed the new building, which is planned to open next September. Sutton said the company was encouraged to forge ahead with the project, even with the impacts of COVID-19. “Our portfolio is a mixed bag of industrial and office space,” he said. “We’ve had to work with some tenants, but overall it really hasn’t hit us extremely hard. “We still see a lot of people coming in and looking at space, and we are signing new leases,” Sutton said. “If we have something ready, tenants can move in.” Town Square II is the second Plano office project to start construction in the last couple of weeks. Developer Cawley Partners just broke ground for a 120,000-square-foot building on the Dallas North Tollway near Windhaven Drive. The Parkwood building will house First United Bank’s mortgage company. While some office project starts have been paused because of the pandemic, about 6 million square feet of office space is currently under construction in Dallas-Fort Worth.