A onetime Southern Methodist University satellite college campus in Plano is being repositioned as a creative office and technology hub. Dubbed ELEVAR, it could accommodate media, entertainment, technology, as well as research and development companies in single- or multi-tenant configurations. The 204,000-square-foot upgraded ELEVAR campus is expected in the third quarter of this year.

SMU sold the campus back in 2018 and moved all its Plano-based operations back to the main campus in University Park, Texas. The premises was initially used by Electronic Data Systems before being redeveloped for SMU’s graduate video game development program. A training and conference center, a bistro lounge and a fitness center with a locker room are among the planned interior amenities. Outdoor amenities would include public and private tenant patios and terraces incorporating various live-work-play areas. Alvarez & Marsal Capital Real Estate, the real estate investment and asset management arm of Alvarez & Marsal, is heading up the project.