Government
BY SHELBIE HAMILTON
Hotel, park concepts proposed for downtown redevelopment Proposal concepts including a hotel, multifamily residential developments, open space and more are being considered for a downtown McKinney redevelopment initiative.
City Council members are expected to pick one of three development rms that presented proposals at a Nov. 28 special meeting to act as a partner in the redevelopment project. How we got here City Council members declared their intention to pursue a public-private partnership for the redevelopment of ve blocks in downtown earlier this year. The properties include the existing City Hall building along with the development services building and two neighboring parking lots, which will be vacant following city services relocating to the new city hall in 2025. City sta collected feedback from community members about what the community would like to see developed on the sites earlier this year before drafting a request for quali cations, which received 15 responses from development rms looking to partner with the city. The details The top three nalists presented project proposals as well as information about their organizations and development teams at the Nov. 28 meeting. The concept plans are conceptual and could change during negotiations, according to city documents. The three development teams that presented proposals are listed below. • Nack Development: The proposal from this Fris- co-based company included an entertainment venue with rooftop patios as well as a boutique hotel and o ce, with connections between the various buildings in the form of sky bridges. Other aspects of the presentation include vertically integrated mixed-use areas with for lease and for sale residential units above ground oor retail and restaurants as well as open space and a parking garage. • M2G Ventures: Representatives of Fort Worth- based M2G Ventures presented a proposal that included multifamily residential in the style of live-work units with a wrapped, multilevel park- ing garage and a boutique hotel. The proposal also included open space as well as retail and restaurants throughout the project, including along a pedestrian-only paseo, or walkway. • Hines Interests: Dallas-based Hines Interests’ proposal included about 20 live-work-style
Nack Development Founder and Owner Donny Churchman, center, spoke to community members at a Nov. 28 meeting.
SHELBIE HAMILTON COMMUNITY IMPACT
WALKER ST.
Property No. 1 • Size: 0.92 acres • Appraised value: $2.6 million • Current use: McKinney Development Services building • Market study recommended use: of ice, retail/restaurant
Property No. 3 • Size: about 2 acres
• Appraised value: $2.6 million • Current use: Public Parking Lot 1 • Market study recommended use: multifamily resident, retail/ restaurant
LAMAR ST.
3
LOGAN ST.
4
5
HUNT ST.
1
2
Property No. 2 • Size: 0.92 acres
Property No. 4 • Size: 0.92 acres
HERNDON ST.
• Appraised value: $4.85 million • Current use: McKinney City Hall • Market study recommended use: 50-room hotel
• Appraised value: $1.15 million • Current use: Public Parking Lot B • Market study recommended use: approx. 400-space parking garage
N
SOURCE: CITY OF MCKINNEY COMMUNITY IMPACT
multifamily residential units as well as retail and a boutique o ce centered around a park. The proposal also included three separate parking structures with over 700 planned parking spots, according to city documents. Looking forward Feedback collected from a survey conducted at
the Nov. 29 meeting was shared with City Council members for consideration on Dec. 1, according to city sta . Council members are expected to ask one or more of the development teams to begin negotia- tions on the redevelopment partnership at a future meeting. Progress on the development initiative will be determined by the negotiation process.
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MCKINNEY EDITION
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