pioneered neourban rental communities in Dallas and the suburbs, with his
own companies and previously with Post Properties.
Now Mr. Shaw
is replacing Atlanta-based Post Properties
as lead apartment developer in the 75-acre centerpiece of Legacy business park.
Located on the east side of the Dallas North Tollway at Legacy Drive, the project already is home to the 400-room Doubletree hotel, 350 luxury apartments and the just-opened Shops at Legacy retail center.
"I was involved in the original planning of this project [while at Post], and I'm sold on it," said Mr. Shaw
, who's currently building the second phase of an apartment community in historic downtown Plano.
"Our goal is to start 250 units in the first quarter, and we are moving as fast as we can."
In addition to Mr. Shaw's new apartments, Legacy
may get an art house theater next year.
"But it was a natural thing for Robert Shaw
Mr. Karahan said that Mr. Shaw
was initially approached by Electronic Data Systems Corp.
, which owns Legacy business park.
has optioned land to build about 850 apartments in several phases. "We are doing site planning now, working with EDS and Fehmi Karahan," he said.
"We want to do units at different price points and are contemplating some for-sale housing in both townhouse and mid-rise form."
The initial apartment buildings constructed by Post Properties
have done well, Mr. Shaw
wants to keep rental housing construction going in Legacy Town Center
"The heavy lifting is done, and now it's just a case of keeping the momentum going," he
said."We want to deliver our first new units in the first quarter of 2004."
At the adjoining Shops at Legacy
, construction is under way on another large retail and office building facing the Doubletree hotel and central park.Karahan Cos. is also just breaking ground on another retail building facing Legacy Drive at Parkwood Boulevard.
"We are talking to tenants and have most of the spaces spoken for," he