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Commercial Real Estate

CRE Briefs: $1.5 Billion Frisco Development Unveils Latest Project

Plus: Commercial real estate proptech Dottid unveils upgrades to platform and Transwestern is tapped to lease healthcare space at RedBird.
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Cowboys owner Jerry Jones’ Blue Star Land and Lincoln Property Co. are breaking ground on an 11-story office building at their $1.5 billion development, The Star in Frisco. Plano-based medical financial services firm Cain Watters & Associates has signed on to be the first official business to be housed there.

Designed by Dallas architect HKS, the new office project will join the Cowboys’ headquarters and practice field, the Ford Center indoor stadium, the Omni Hotel, and a shopping center in the 91-acre mixed-use project.

Set to open by the first quarter of 2023, the site will feature an 8,000-square-foot amenity lounge with a deck and a 100-seat Conference Center.

“The addition of Phase IV allows The Star in Frisco to provide another incredible facility for potential clients and companies looking to enhance their work experience,” said Dallas Cowboys Chief Operating Officer Stephen Jones. “Since opening The Star in Frisco in 2016, we have always had the goal in mind to continue to add to our incredible campus, and Phase IV
provides the potential to be a game-changer in the business world.”

Dottid Unveils New User-Friendly Interface

Kyle Waldrep

Following a $4.5 million cash infusion back in May, proptech startup Dottid has announced an enhanced version of its software-as-a-service technology platform for the commercial real estate industry.  “The new design provides a unique space to come together in an easy-to-manage environment, rich with visual tools to track every square foot and transaction from vacancy to offer, tour to deal signing, and build-out to move-in,” says founder Kyle Waldrep.

Since launching Dottid in 2018, the platform has been adopted in tens of millions of square feet of commercial properties across the country. The service allows property owners, brokers, and tenants the ability to gain real-time insights into occupancy, deal activity, upcoming lease expirations, and vacant suites. Dottid’s platform facilitates both leasing and asset management.

The company’s new UI/UX enables and promotes collaboration between users and third-party consumers, allowing privacy and permissions customization, depending on the users’ role. Dottid is the first and only platform in the field to provide this type of user experience, with specific tools and windows for industrial, retail, and office properties and portfolios.

RedBird

Transwestern Tapped to Lease RedBird Healthcare Space

Transwestern was recently selected to provide exclusive healthcare and office agency leasing services for RedBird, a 700,000-square-foot mixed-use development in South Dallas. Transwestern’s Chris Lipscomb, John Huff, Brooke Sutherland, and Cohen Howard will work on the project.

“Our research shows that southern Dallas is underserved in relation to certain medical specialties, such as cardiovascular, dermatology, and pulmonology, Lipscomb says. “The demand for specialized healthcare offerings coupled with the area’s booming residential population and proximity to nearby amenities will be attractive to office and healthcare tenants.”

Several healthcare providers, including Parkland Hospital, UT Southwestern Medical Center, and Children’s Health, have announced plans for medical facilities at RedBird. Parkland will open a 43,000-square-foot primary care center in September 2021; UT Southwestern Medical Center will open an 85,000-square-foot regional outpatient center in June 2022; Children’s Hospital will open a 65,000-square-foot pediatric center in 2022.

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