Development
BY COLBY FARR
Developers behind the forthcoming JW Marriott Resort McKinney Craig Ranch hotel are now expecting to break ground on the project in 2027 JW Marriott hotel delayed to 2027 groundbreaking
Venu, the owner and developer behind the McKinney Sunset Amphitheater, is now targeting a completion date in 2027 instead of 2026. The big picture McKinney City Council members approved an amendment to the city’s economic development agreement with the company during a Jan. 6 meeting. The amendment includes an updated construction timeline for the Sunset Amphitheater project and other modi cations to the original agreement that was approved in 2024. The $300 million project is already under construction after o cials broke ground in June. The amphitheater was expected to debut in time McKinney Sunset Amphitheater sees opening date shift
The JW Marriott Resort McKinney Craig Ranch hotel will be located at the northeast corner of Collin McKinney Parkway and Van Tuyl Parkway, with various • Over 50,000 square feet of hotel conference space • A itness center • A three-meal restaurant and a specialty restaurant • A lounge with pool seating and food service • Pickleball courts amenities including: • 290 guest rooms
75
399
GATEWAY BLVD.
N • 20,000 Seats • Up to 70 music acts a year
instead of 2026. What happened?
McKinney City Council members approved an amendment to the city’s development agreement with the hotel developer during a Jan. 6 meeting. The developer, listed as Craig Ranch Luxury Hotel SPE Owner LP in city documents, is seeking an extension to obtain its equity nancing for the project, according to a city document. Construction commencement and comple- tion deadlines are being extended by 120 days.
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The Sunset Amphitheater, located at the northwest corner of US 75 and SH 121
Construction must now start by April 30, 2027, and nish by Aug. 31, 2029, according to the amend- ment document. The original agreement, approved by council members in June, required construction to start by Dec. 31, 2026, and nish by April 30, 2029.
About the project The project, which was formally announced in June, is being developed through a partnership between Ashford Inc., Craig International and Horizon Capital Partners. The development plans for an 18-story building including 45 for-sale con- dominiums that are constructed above the hotel.
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for the 2026 touring season; however, the updated schedule now expects nal completion in Septem- ber 2027. A date for the venue’s rst concert has not been determined yet, according to the document. Venu anticipates the project will be open for the 2027 touring season, according to a city document.
More details The new schedule includes target completion dates for multiple components of the amphithe- ater, including construction of the main stage and parking garage.
LOWRY 4100 E US 380 (972) 540-2500
ALLEN 1839 N Central Expy (972) 908-3488
MCKINNEY 2900 W University Dr (214) 341-5487
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