With COVID easing down steadily and surely, Granite Properties are moving into more and more expansions and developments according to a Dallas Morning News article from March 1. In it they say,
“The strategy behind starting our next phase at Granite Park and in Southlake is really a function of our demand,” said senior managing director Will Hendrickson. “As COVID restrictions are being lessened, we are starting to see more and more of our customers coming back to the office.
Demand for office space in the Dallas-Fort Worth area plunged when the pandemic hit in early 2020 and workers took shelter at home.
But starting late last year and continuing into 2022, more businesses have been recalling employees to the office and are reevaluating their space needs.
“We are 95% leased at Granite Park,” which is at the southeast corner of the Dallas North Tollway and State Highway 121, Hendrickson said. “Our largest vacancy at Granite Park is only 5,000 square feet.
“It’s a very similar picture in Southlake,” he said. “We are 100% leased in phase one and we are getting inquires from companies that want space.”
This also prompted Granite Properties to work on a new five story and 143,500 square foot building called Granite Place II according to a Dallas Morning News article from February 28 which reports
“An office project on the way in Southlake will add to the area’s business options.
The new office project by Plano-based Granite Properties is located next to Southlake Town Square.
The developer plans to begin construction on the Southlake project this spring and will open the building in mid-2023, according to planning documents filed with the state.
Corgan Associates is the architect for the project, which will cost more than $40 million.”
Back in December, Granite Properties broke ground on a grand office tower in Granite Park which boasted 19 floors that were immediately leased to almost full capacity.