A 200-acre TxS Life Sciences District in Plano, Texas, is set for development by the Alternative Investment firm, NexPoint. Â The project will be built at the center of a former 91-acre EDS Campus, which NexPoint purchased in 2018. Since then, the Dallas-based developer has purchased the surrounding land at the Legacy property.
NexPoint’s President, Frank Zaccanelli said that Plano is the ideal location for the TxS District life science project. Therefore, he said the firm was hoping to partner with the City to transform the property into a thriving life science district. Zaccanelli also pointed out that the new life science project would bring high-paying jobs to the region.
Also Read Ancora to develop Rhode Island Health Lab project
Development plans for the TxS Life Sciences District in Plano
TTxS District will incorporate an additional 109 acres within the legacy neighborhood. Ultimately, the new additions to the property will create over 4 million square feet of lab, office, and production space. Construction on the life science district will be executed in four phases and phase I will break ground before the year ends.
Plans for the initial two phases of the TxS Life Sciences District in Plano will involve converting two existing buildings on the main campus. They will offer lab and office spaces spanning 970,000 square feet, and 120,000 square feet of amenity space. In addition, the initial site improvement plans on the property will include a public park and amphitheater. Its design also offers tenants connectivity to the nearby Legacy retail development.
NextPoint is currently working with the City on the development plans and TxS District’s impact on the surrounding area. The developer will also collaborate with CRB architectural and engineering services on all four phases of the project. Upon completion, JLL will handle the leasing arrangements on the property.
According to JLL’s Matt Daniels, TxS Life Sciences District in Plano will support life science companies at any point in their development process. Daniels mentioned that the project would serve them at the discovery, early-stage development, and commercialization stages of development.
