The first tilt walls are up on the first office facility at Billingsley Co.’s 1,000-acre mixed-use development near Coppell. The Cypress Waters project sits on Dallas land at the northeast intersection of Belt Line Road (Denton Tap) and Interstate 635.
The three-story, 188,440-square-foot spec building should be ready for tenants later this summer, said Lucy Burns, partner at Billingsley. “With the road coming online and parks scheduled to be complete by the end of [the second quarter], you can really start to experience how the office campus will have grand outdoor spaces in addition to the retail amenities,” she said. “More to come on all front very soon.”
The location is already proving to be a lure, Burns said. “We are right on top of DFW International Airport and have toured corporations from across the country and across the North Texas,” she said.
The Las Colinas area is seeing a burst of office activity, according to Marijke Lantz, senior vice president at Billingsley. She said the company is tracking several million square feet of deals and corporate relocations.
The developer also is pouring concrete on Cypress Waters Boulevard, a four-lane thoroughfare that will serve as the primary entrance from Interstate 635 and link the project’s office, retail, and residential elements with its future town center. At full buildout, Cypress Waters is planned to contain 4 million square feet of office space, 45,000 square feet of retail space, more than 10,000 residences, and three schools.