Cypress Waters: Workplace of the Future

Nearly 900,000 square feet of office space has been built or is under construction at Cypress Waters.

This package was originally published in Dallas-Fort Worth Real Estate Review.

Billingsley Co. was so confident the demand would be there for office space in Cypress Waters, the company decided to kick off construction on a speculative basis. The developer knew it had something few landlords could offer but many tenants want—new, efficient space, with a wealth of amenities, centrally located with close proximity to Dallas-Fort Worth International Airport, and, perhaps most important, plenty of parking. Oh, and then there’s the lake, a rare commodity around these parts.

With a property this special, Billingsley Co. wanted to pay careful attention to design. It selected Omniplan as the architect for the multitenant park. 

“Our vision for the Cypress Waters office park was to use green space and street design to create a much higher quality environment than is typically found in suburban, value office projects,” says Tipton Housewright, principal at Omniplan. “The attention to the spaces between the buildings, including the landscape design and art, has made the overall project very unique.”

The architect says Cypress Waters is a great example of how place-making and integrated mixed-use can be created at relatively low densities. “It’s the kind of environment that will attract the corporations and the workers of the future,” he says.

Moody Waters of Younger Partners is overseeing leasing of office space. He and his team were brought in at the beginning, when Billingsley Co. kicked off speculative development in the spring of 2013. Demand is strong for the space that remains available, he says. 

“We have a number of deals working that will fill them up,” he says. “I suspect that a new building will get started early next year, if activity continues at this pace.”

1. 8840 Cypress Waters Boulevard, Dallas: A second speculative building that got underway about two months later. Meritage Homes has leased 15,760 s.f. of the project’s 164,784 s.f.
2. 8951 Cypress Waters Boulevard, Dallas: The first speculative building to break ground totals 188,440 s.f.
3. 2900 Ranch Trail, Irving: The first build-to-suit was a 31,450 s.f. headquarters for Cheddar’s Casual Café.



Developer: Billingsley Co.
Landscape Architect: StudioOutside
Architects: Omniplan (multitenant buildings), Corgan (7-Eleven Inc.), Good, Fulton & Farrell (Cheddar’s Casual Café)
General Contractor: Alston Construction (8951 Cypress Waters and 7-Eleven Inc.)
General Contractor: McFadden and Miller (8840 Cypress Waters, Nationstar Mortgage, Cheddar’s Casual Café)
MEP: Basharkah
Structural: Datum
Civil: Binkley & Barfield- C&P Inc.
Office Tenants: 7-Eleven Inc., Cheddars Casual Café, Nationstar Mortgage, Meritage Homes
Tenant Brokers: Avison Young, JLL, Swearingen Realty Group
Office Leasing Agent: Younger Partners

This story originally appeared in the Dallas-Fort Worth Real Estate Review.

Read all stories from the Cypress Waters Anatomy of a Deal package:

Creating a Lakeside Legacy
7-Eleven’s New Heaven
Nation Building
Workplace of the Future
A New Multifamily Paradigm
The 25-Year Vision
Educating for the Future
Embracing the Great Outdoors
A Time to Be Bold: Lucy Billingsley

Read the digital edition of Dallas Innovates’ sister publication, the Real Estate Review, on Issuu.
Sign up for the digital alert here.

Get on the list.
Dallas Innovates, every day.

Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.

One quick signup, and you’re done.
View previous emails.

R E A D   N E X T