Dallas-based Stillwater Capital Investments has started construction on the first phase of 121 Technology Park, part of an 84-acre mixed-use development in Allen.
The project is at the southwest corner of State Highway 121 and Chelsea Boulevard on the city’s east side.
Stillwater Capital said the project’s first phase will feature four Class A buildings, offering 370,000 square feet of technology manufacturing and industrial space. Building sizes will range from 33,000 to 129,000 square feet, with 28- and 32-foot clear heights.
Project to include office buildings, townhomes, and food-and-beverage retail
Stillwater said that later phases of 121 Technology Park will include two 100,000-square-foot office buildings, 130 owner-occupied townhomes, and 20,000 square feet of food and beverage retail.
The company said the project’s contemporary designs cater to the needs of research and technology companies looking for “a state-of-the-art workspace” and will offer visibility along State Highway 121.
Focused on residential and mixed-use development including The Link in Frisco
Stillwater Capital Investments, a fully integrated, private real estate company, has expertise in sourcing, underwriting, developing, acquiring, and managing a variety of real estate products.
Its team has broad experience in managing unique property types such as infill multifamily communities, mixed-use properties, build-to-suit properties, and high-end single-family homes.
Earlier this year, the company announced that it’s moving forward on a 215-unit build-to-rent community, the first phase of Stillwater Capital’s mixed-use development, The Link, near PGA headquarters in Frisco.
Stillwater Capital is primarily focused on residential development, both single-family and multifamily projects. Its recent multifamily developments include Loft+Row, The Atwood, The Ellison, and The Mondara in Dallas, West Koenig Flats in Austin, and The Alcove at Alamo Heights in San Antonio.
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