Making waves From the cover
The details
STACY RD.
A $200 million mixed-use project is expected to bring a resort-style hotel and surfing lagoon to a site in south McKinney, according to a Dec. 13 announcement. The Cannon Beach project, which will also feature retail spaces with restaurants and family-focused entertainment offerings, is slated to attract 300,000 visitors annually. “We cannot be more excited to bring a beach paradise to McKinney,” developer Cole Cannon said in a news release. The project will feature a full-service resort-style hotel with a rooftop pool and event spaces, the release states. The project is centered around a roughly 4-acre surf lagoon that will host water- focused attractions. “Cannon Beach promises to offer something for everyone, from families and thrill-seekers to professionals and entrepreneurs,” Cannon said.
McKinney Soccer Complex at Craig Ranch
Cannon Beach site
McKinney
SRT TOLL
District 121
Hub 121
N
$200 million mixed-use development
Expected to support over 700 local jobs
Expected to bring 300,000 visitors annually
SOURCE: MCKINNEY ECONOMIC DEVELOPMENT CORPORATION/COMMUNITY IMPACT
Diving in deeper
Retail lineup While specific retailers associated with the project were not announced, some potential retail uses include:
includes adding 100,000-square-feet of Class A office space, which is intended to attract corpora- tions and startups, Fuller said. The development will support 700 local jobs and is expected to generate a $2 billion economic impact over 20 years, according to a statement from the MEDC. “Anytime that you can bring world-class amenities that are unique to the area, and in this case, the entire state, ... that will attract visitors ... to McKinney,” Fuller said.
The mixed-use development will also feature restaurants, family-friendly entertainment and business spaces, but no residential development. “It provides a super cool amenity for our own residents and the opportunity to experience something that would be otherwise very, very expensive to experience,” McKinney Mayor George Fuller said. While the development will serve as a tourism destination, the project will also attract businesses and companies to locate in McKinney. The project
Skateboard park
Health club
Movie theater
Indoor recreational facilities
Bowling alley
SOURCE: MCKINNEY ECONOMIC DEVELOPMENT CORPORATION/COMMUNITY IMPACT
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INDUSTRIAL BLVD.
HARRY MCKILLOP BLVD.
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2060 COUCH DR., MCKINNEY 75069 2060 COUCH DR., MCKINNEY 75069 2060 COUCH DR., MCKINNEY 75069
DAVID HYDEN, CFF®, NSSA® David@RetirementTaxConsultants.com
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