Invest Group Overseas, the Dubai-based owner of The Gate development in Frisco, will partner with Minneapolis real estate developer Ryan Companies to bring an office campus to The Gate.
The campus will be called Auspire and will consist of three office buildings totaling more than 900,000 square feet on eight acres in the mixed-use development along the Dallas North Tollway.
According to a press release, the site will be developed for build-to-suit corporate tenants looking for Class A office space in a mixed-use development.
“We feel this is a tremendous opportunity to fill a need for a corporate tenants seeking a high-quality building or campus environment with incredible visibility and access in a highly sought-after market,” said Paul Rowsey, vice president of development for Ryan Companies, in the release.
The $700 million development will have two apartment communities. Domain at The Gate will have 350 units, and Jefferson at The Gate will have 425 units.
When complete The Gate will encompass 11 sites including office, hotel, multifamily and retail spaces.
“We believe we have pulled together the right developers, contractors and architects in Ryan Companies and Gensler,” managing partner and CEO of IGO Anas A. Kozbari said in the release. “This team will no doubt deliver one of the premier business addresses in North Texas.”
Architectural firm Gensler is designing the Auspire office project, which will include three high-rise buildings with indoor and outdoor amenity space and will frame around an urban park.