The Star will be home to another high-rise building brought by TIAA and it will be breaking ground soon according to a The Real Deal article from May 27. They say,
“Another skyscraper is coming to the “$5 billion mile” in Frisco.
The $141 million project will be a 15-story phase five office tower in The Star, home to the Cowboys practice facility, according to the Dallas Morning News. Expected completion is sometime in 2024.
The future TIAA Tower is expected to break ground as early as this week. The company is getting an $18 million state grant to help pay for the new Frisco office.
Designed by Dallas architect HKS, the tower will go up just to the north of a smaller, 11-story office building still under construction on the west side of the tollway within The Star.”
The soon to break ground skyscraper is made possible by the TIAA’s move to Frisco where it will bring 2,000 jobs according to a Dallas Morning News article which reports,
“Teachers Insurance and Annuity Association — one of the country’s largest pension funds and financial advisers — is moving 2,000 jobs to the Frisco project on the Dallas North Tollway.
TIAA has been scouting the market for more than a year to lease a huge block of office space. It already has workers in the Dallas-Fort Worth area.
The giant financial firm will spend almost $58 million to set up the new Frisco office. Along with the Cowboys, the $1.5 billion Star development is home to the Texas headquarters of beverage firm Keurig Dr Pepper.
“The new site represents our service commitment to clients and supports our company’s future growth,” TIAA president and CEO Thasunda Brown Duckett said in a statement. “The addition of associates in the Frisco office will increase our capacity to serve new and existing clients as they plan for and live in retirement, and the terrific amenities and great location will be a real benefit for our people.”
TIAA’s move into Frisco and its subsequent agreements and deals will officially be the largest transactions in Dallas during the pandemic.