The former “SMU in Plano” campus, a four-building, 16-acre site at at 5228 Tennyson Parkway, is being renovated into a creative office and tech hub called Elevar, the Dallas Morning News reports, and is scheduled for completion between July and September.
Elevar will feature a training and conference center that seats over 40, a bistro lounge, and a fitness center. High-speed fiber optic internet connectivity and EV charging stations will also be available.
“This concept is completely new to the North Texas office market and will meet the demand for companies looking for a unique, creative setting with best-in-class amenities,” Cushman & Wakefield’s Clint Madison told the DMN.
SMU sold the complex in 2018, moving its Plano-based programs back to its main campus. California-based Alvarez and Marsal Capital Real Estate are heading up the redevelopment project, the DMN reports.
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