BY COLBY FARR
McKinney development adds $1.3B in new construction
In 2024, McKinney officials issued permits for a mix of residential and nonresidential develop- ments totaling $1.3 billion in construction value. That total is driven by new construction in residential developments like Painted Tree, which saw 787 permits issued in 2024, and more than $485 million in nonresidential construction. Develop- ment Services Executive Director Michael Quint pre- sented the department’s 2024 development report at a March 25 McKinney City Council meeting. The gist While total construction value is lower than the total in 2023, strong growth is continuing in McKinney, Quint said. Construction value totaled more than $1.4 billion in 2023 but that number was inflated by some multifamily development, according to the presentation. “Now that those numbers have leveled off, you’re getting a more accurate telling of the construction activity in the city,” Quint said.
Single-family residential development rep- resents nearly half of the construction value seen in 2024. City planners approved 2,310 single-fam- ily residential permits in 2024, the highest number since 2017 when the city issued 2,521 permits. That number includes single-family homes built within city limits and the Trinity Falls Municipal Utility District, according to the presentation. Residential developments that saw the most construction permits issued for single-family residential included Painted Tree, Trinity Falls, Shaded Tree and Erwin Farms, according to the
Total new construction value in McKinney
$1.2B $1.5B
$0 $300M $600M $900M
2020
2021 2022
2023
2024
Value of new construction by type in 2024
presentation. A closer look
Multifamily residential: $207.37M
The value of new nonresidential construction came to more than $485 million. The city issued 76 permits for nonresidential projects during the year, including industrial, retail, medical, office and restaurant uses, city documents state.
Single-family residential: $609.91M
Nonresidential: $485.35M
SOURCE: CITY OF MCKINNEY/COMMUNITY IMPACT
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