Cawley To Develop Another Tollway Office Building

Artist's rendering of Fourteen555
Artist’s rendering of Fourteen555

Developer Bill Cawley is on a roll. He’s placing another bet on the lower tollway submarket with Fourteen555, a two-building, 400,000-square-foot complex just north of LBJ Freeway.

Designed to accommodate five-per-1,000 parking, the Class A five-story buildings offer amenities that include a courtyard, food court, lounge, a health club, and indoor-outdoor gathering spaces for tenants.

The project, which will sit on the west side of the tollway, was designed by BOKA Powell. It was originally planned to be a single 200,000-square-foot building, but Cawley decided to add a twin facility, based on demand he’s seeing in the market.

Knoll Trail Plaza, a tollway building he developed in 2014, is 98 percent leased. Tollway Center, which is 60 percent occupied, and just won a big lease from Maxim Integrated. Legacy Center, which just hit the market in Plano, is 30 percent leased.

Jeremy Duggins and Addie Ludwig with Cawley Partners will oversee marketing of Fourteen555.

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