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$24M Medical Office Building To Be Part Of ‘The Mix’ In Frisco, Texas

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A New York developer is slated to start work soon on a five-story medical office building in The Mix in Frisco.

The Dallas Business Journal reports that the $24.4 million medical office building, with 116,580 square feet of space, will be constructed at the corner of Lebanon Road and Parkwood Boulevard. A public filing indicates the project will also have a $14.4 million, 193,677-square-foot, seven-tier parking structure with 556 parking spaces included.

JVP Management of New York is listed as the owner and CallisonRTKL Inc. of Dallas is the listed design firm. The construction start date is June 1 and completion is scheduled for summer of 2024.

The site is across the tollway from some of Frisco’s biggest mixed-use developments, including The Star — home of the Dallas Cowboys — as well as Frisco Station and The Gate. The plan for The Mix calls for 3 million square feet of housing, 2 million square feet of office space, 375,000 square feet of retail and two hotels.

 

Source: ConnectCRE

Caddis Healthcare Building 60K-Sq-Ft Medical Office In The Dallas-Fort Worth Suburb Of Frisco

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One of the state’s largest medical-facility developers is bringing a new medical office to the DFW suburb of Frisco.

Caddis Healthcare Real Estate, whose portfolio includes over $1 billion in acquisitions and developments across the Lone Star State, is set to build a three-story, 60,000-square-foot medical office in Frisco for $12 million.

The project will start construction at the beginning of next year and is expected to be finished in early 2024. It will include a three-story core building and a shell medical building for staff and equipment ready for a tenant-specific buildout.

Investment in Texas healthcare real estate is hot this year. BMO Harris and Synovus Bank just provided $200 million in funding for a joint venture between Dallas-based Big Sky Medical and Bahraini investor GFH back in August. That project will include 13 medical office buildings across Texas and seven other states.

South Florida investor Salvan Capital also purchased a Dallas medical center for $7 million earlier this year to expand its now $26 million national medical portfolio.

Caddis currently has over 80 assets under management across Texas totaling 5 million square feet, across the state’s major metros.

 

Source: The Real Deal