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Plano North Edition VOLUME 10, ISSUE 4 JAN. 23 FEB. 19, 2024
2024 Annual Community Guide
Booming business Many of Plano’s corporate headquarters are located near Legacy West and Legacy Business Park, including JPMorgan.
MICHAEL CROUCHLEY COMMUNITY IMPACT
Large companies continue to set up headquarters in Plano
forward-thinking,” Plano Director of Economic Development Doug McDonald said. “I think what we’ve done this past year is going to set us apart and make us successful for the next 20 years.”
company, is the latest addition, announcing its move to Plano on Jan. 11. CCIntegration, Fisher Investments, SK Signet and QuickFee, among others, opened headquarters in the city last year. “We’ve been very focused on being
BY MICHAEL CROUCHLEY
Plano is home to more than 500 corporate and regional company headquarters, with that number continuing to grow. Graze, Inc., an autonomous lawnmower
CONTINUED ON 19
Also in this issue
Impacts: Sebenti Artisan Bakery now open in Plano (Pages 6 9)
Education: Plano ISDopens new Welcome Center (Page 11)
Annual Community Guide: See population changes (Page 16)
Trends: Updates on several redevelopment projects (Page 18)
Your journey to
brings out our best.
From leukemia to stroke, our multidisciplinary team is ranked among the best in the nation. Visit us at BSWHealth.com/Plano.
Physicians provide clinical services as members of the medical staff at one of Baylor Scott & White Health’s subsidiary, community or affiliated medical centers and do not provide clinical services as employees or agents of those medical centers or Baylor Scott & White Health. ©2023 Baylor Scott & White Health. 64-PL-908753 L/GD
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This is a paid advertisement.
Wi�ter We�ther Checklist
Plano.gov/WinterPrep
DURING Freezing temperatures
BEFORE Freezing temperatures
Keep your garage door closed if your car is not running.
Disconnect and drain hoses.
Turn your irrigation controller off to keep sprinklers from running.
Turn your thermostat down a few degrees to conserve energy.
Know how to shut your water off to prevent flooding and property damage if a pipe bursts.
Close fireplace damper (if not in use) to prevent heat from escaping up the chimney.
Add caulk and weather stripping to your windows and doors.
Have your heating system professionally cleaned and inspected.
Let your faucets drip.
Open cabinets with pipes to let heat in.
Insulate external pipes, outlets and your attic.
Cover outdoor faucets.
Discover more winter weather tips and watch a video on how to turn off the water to your home at Plano.gov/WinterPrep
Save energy and money this winter. Try our “You’ve Got the Power” learning module at Plano.gov/Modules
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PLANO NORTH EDITION
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PLANO NORTH EDITION
Impacts
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6 Catholic Community Of St. Elizabeth Ann Seton The church held a grand opening event in November. The original church had been open since 1981 and was torn down in 2020 to make way for the updated space with more room, said Cindy Christenson, director of community life and fellowship. The church added many features outside of its main worship space, including a socializing area, a gathering room and more. • Opened Nov. 20 • 2700 W. Spring Creek Parkway, Plano • www.setonparish.org
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7 StretchLab The fitness studio is set to open in The Shops at Legacy. StretchLab offers assisted stretching classes in a group or one on one. Customers can sign up for a membership at pre-opening rates on the business’s website. • Opening in February • 5717 Legacy Drive, Ste. 120A, Plano • www.stretchlab.com/location/shopsatlegacy 8 K9 Pet Resorts K9 Pet Resorts is set to open in Plano in spring, Managing Owner Suzanna Austin said in an email. The business will provide doggie day care and boarding services. • Opening in spring 2024 • 2201 McDermott Road, Plano • www.k9resorts.com 9 The Dog Stop The store will offer daycare and boarding services, grooming services and items such as premium foods, supplements, treats, chews and toys for dogs and cats. • Opening Jan. 27 • 1937 W. Parker Road, Ste. B, Plano • www.thedogstop.com/locations/texas/plano
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• Opened Nov. 30 • 7801 Alma Drive, Ste. 136, Plano • www.jeremiahsice.com 15TH ST.
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1 Dollar General Market Dollar General Market stores offer low prices on food, snacks, health and beauty aids, cleaning supplies and more. • Opened in December
4 Remarkable Ink Studio Alyx Smith, owner of Remarkable Ink, said the studio provides a unique tattoo experience with quality tattoo artwork. She added that her business prioritizes a high-end, personalized experience along with free consultations any time during business hours. • Opened January • 2900 N. Central Expressway, Ste. 101C, Plano • 972-559-9214 5 The Bloom Lounge The bistro serves a diverse range of appetizers, soups, salads, pastas, steaks, chops and sides. Breakfast items include waffles, pancakes, French toast, omelets, toasts and benedicts. There are also signature brunch dishes and a wide variety of drink options. Owner Jorge Saab also owns Rum Cakes Factory, which is located in Windhaven Plaza. • Opened early January • 6145 Windhaven Parkway, Ste. 120, Plano • www.thebloomloungebistro.com PGBT TOLL
• 10001 Custer Road, Plano • www.dollargeneral.com
2 Truluck’s Ocean’s Finest Seafood and Crab The new restaurant in The Shops at Legacy offers seafood, including Florida stone crab claws and miso- glazed sea bass; prime steaks; and a wine menu. • Opened Dec. 11 • 7161 Bishop Road, Plano • www.trulucks.com 3 Jeremiah’s Italian Ice The new location is now open in north Plano, a company spokesperson said. The frozen dessert store offers over 40 flavors of Italian ice, soft-serve ice cream and gelati, which combines the two treats.
In the news
10 Whataburger The new location is set for the southwest corner
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COMMUNITYIMPACT.COM
BY COMMUNITY IMPACT STAFF
of SH 121 and Coit Road, according to a project registered with the Texas Department of Licensing and Regulation. Construction is set to begin on the new Whataburger—across the street from Kroger—in April and finish in February, 2025, according to the project filing. • Southwest corner of SH 121 and Coit Road, Plano • www.whataburger.com 11 Nishiki Ramen The restaurant is set to open in Plano, according to a project filed with the Texas Department of Licensing and Regulation. The restaurant has three locations in San Diego and serves a variety of Japanese ramen dishes with creamy tonkotsu—or pork—broth. Construction was scheduled to begin on Jan. 15, and is set to end on March 29. • 109 Legacy Drive, Ste. 140, Plano • www.nishikiramen.com 12 Wendy’s The restaurant at the corner of Coit Road and Legacy Drive is set for a “refresh,” according to a project filed with the Texas Department of Licensing and Regulation. The dining area and restrooms are set for an upgrade, and renovations are scheduled to last
Worth the trip
Now open
13 Dog Haus Biergarten The restaurant chain’s Frisco location is up and running. Dog Haus’ menu includes gourmet hot dogs, sausages, burgers, breakfast burritos, fried chicken and more, according to its website. The restaurant also offers 24 beers on tap and a heated outdoor patio. • Opened Dec. 18 • 9169 Dallas Parkway, Ste. 100, Frisco • https://doghaus.com
Closings
14 Pure Barre The fitness studio closed due to a flood in July, and officials announced it would not reopen on Sept. 28. Pure Barre’s south Plano location at 3450 W. Park Blvd. is still open, according to the social media post. • Closed Sept. 28 • 8305 Preston Road, Ste. 200, Plano • www.purebarre.com
15 2Groovy Studios The tattoo studio offers a number of styles such realism, anime, traditional and more. 2Groovy Studios allows walk-ins and appointments. • Opened Nov. 6 • 301 W. Parker Road, Ste. 213, Plano • www.2groovystudios.com
from Feb. 1 until May 1. • 6912 Coit Road, Plano • www.wendys.com
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6 Wu Wei Din Chinese Cuisine The restaurant will open a new location in south Plano in March, pending construction, owner Todd Hung said in an email. The new location in south Plano was formerly an On the Border Mexican Grill. Wu Wei Din’s menu features orange chicken, wonton soup, steamed dumplings and more. • Opening March 7 Beem Light Spa Beem will offer various light therapy solutions, including infrared saunas, chromotherapy and red light therapy. Franchise owner Michael Crouse said light therapies are meant to reduce stress, remove toxins and relieve pain, among other benefits. The company also has planned locations in McKinney and Highland Village. • Opening late February or early March • 2100 Dallas Parkway, Plano • www.beemlightsauna.com/west-plano 8 Kohler Signature Store The new store is set to open in Preston Park Village, according to Kohler’s website. The store will offer a variety of bathroom and kitchen appliances, along with lighting products. • Opening early 2024 • 1900 Preston Road, Ste. 130, Plano • www.kohler.com • 1505 N. Central Expressway, Plano • www.wuweidinchinesecuisine.com 9 Cool Heads Salon for Men The barbershop is planning a new location for Preston Park Village, shopping center spokesperson Maria Pace said. Cool Heads offers haircuts and other services, including neck shaves, beard and mustache trimming and eyebrow waxing. • Opening 2024
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• Opened Jan. 13 • 1941 Preston Road, Ste. A1008, Plano • www.indyclover.com
Now open
1 Plano Farmers Market The farmers market organized and managed by Four Seasons Markets, is open every Saturday from 10 a.m. to 2 p.m. and operates year-round. This market is accessible from Park Boulevard and is located near several shopping and dining spots. • Opened September 30 • 6209 W. Park Blvd, Plano • www.fourseasonsmarkets.com 2 Dirty Dough The cookie chain serves a rotating menu of stuffed cookies including chocolate chip and cookies and cream.
Coming soon
4 Flower Child The restaurant serves mainly vegetarian, vegan and gluten-free dishes. Some of the menu highlights include gluten-free mac and cheese with aged white cheddar and parmesan and chicken enchiladas with guajillo chile, smoked gouda, poblano cream, organic black bean, roasted corn and avocado. • Opening Jan. 30 5 Voodoo Brewing Co. The business is a family-friendly pub that features amazing craft beer, elevated pub food and craft cocktails. • Opening in the first quarter of 2024 • 1001 14th St., Ste. 500, Plano • www.voodoobrewery.com • 2101 Preston Road, Plano • www.Iamaflowerchild.com
• 1900 Preston Road, Plano • www.coolheadsmen.com
• Opened late December • 4621 W. Park Blvd., Plano • www.dirtydoughcookies.com
10 Foot Solutions The store offers custom orthotics and other products to help with several common foot problems. Foot Solutions is set for Preston Park Village, according to the company’s website.
3 Indy Clover The retailer provides rentable space for individuals looking to sell apparel, home decor, accessories and more starting at $35 per week.
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COMMUNITYIMPACT.COM
BY COMMUNITY IMPACT STAFF
• Opening 2024 • 1900 Preston Road, Ste. 257, Plano • www.footsolutions.com/locations/plano
Now open
In the news
11 Plano Fire Station No. 5 Construction on this approved 2021 bond project is expected to begin soon after Plano City Council approved funding for the work. Council approved during its continuation of the Dec. 11 meeting over $10.1 million for construction on Fire Station No. 5 that will expand its parking and fire vehicle storage as well as renovate the residential area. • 5115 W. Park Blvd., Plano • www.plano.gov/436/fire-rescue 12 My Possibilities The nonprofit organization named Tod Marvin it's new CEO, replacing Michael Thomas who moved into a consulting role with the organization. Marvin has previously held leadership roles with other nonprofits, including the American Heart Association and the American Red Cross. My Possibilities provides education and other support for adults with developmental disabilities. • 3601 Mapleshade Lane, Plano • www.mypossibilities.org
13 Sebenti Artisan Bakery The new store offers bread freshly baked daily using honey as a natural preservative instead of sugar. There is also a rotating daily schedule for over 60 kinds of breads served, which is updated on the business’s website. The menu includes various soup,
salad, sandwich, breakfast and pastry options. Gluten-free and keto-friendly breads are also available. • Opened Nov. 27 • 1941 Preston Road, Ste. A1012, Plano • www.sebentiartisanbakery.com
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PLANO NORTH EDITION
Government
BY CONNOR PITTMAN
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$2M set to upgrade Legacy Business Park Plano City Council approved a resolution for an economic development grant worth nearly $2 million to developer A&M Peak LTC for proposed improvements to several buildings along Tennyson Parkway and Democracy Drive. The economic development incentive agreement, approved during the Dec. 11 meeting, includes $1.85 million in funds for improving the location, while $142,000 is earmarked to cover city fees for the project, according to city documents. The gist City Manager Mark Israelson said the grant is part of a building modernization program with the goal of making certain spaces within the city more attractive. The current site is located within the Legacy Business Park at 5228 Tennyson Parkway. “The goal of the building modernization program is to invest in real property in a way that helps make the commercial real estate market in Plano more robust, more attractive to the needs in the environment for leasing,” Israelson said.
A zoning approval granted during the Dec. 12 continuation of the Dec. 11 Plano City Council meeting provided exemptions and clari cations to the zoning ordinance for Collin Creek Mall that will allow redevelopment to proceed.
XTREME HEIGHTS PRODUCTIONS COMMUNITY IMPACT
Zoning change made for Collin Creek Mall work A rezoning request to accommodate architec- tural designs of structures within the future Collin Creek Mall will allow the project to continue progressing as more construction is planned to start. Plano City Council approved a modi cation of development standards during its Dec. 12 continu- ation of the Dec. 11 meeting that will accommodate a few compliance issues with the zoning designa- tion of the property, Director of Planning Christina
Day said. The changes will allow for some over- hangs on buildings, clearly identify another area for independent living, and resolve an issue with full lot coverage next to a street along one block, according to city documents. The overview The backdrop to the zoning case includes progress made on completing utility work at the site along with the construction of model homes for the more than 500 single-family residences planned for Collin Creek Mall’s redevelopment, Director of Special Projects Peter Braster said. The construction of a parking garage with 1,976 spaces is also complete, which is planned to sit under future apartment buildings.
DNT TOLL Plano council approves creation of TIRZ around proposed life sciences campus An economic development tool in Plano that could also include Collin County, Plano ISD and Collin College was approved by city council. Council members unanimously approved the creation of Tax Increment Reinvestment Zone No. 5 in the Legacy Business Park area, which will include space in and around a proposed life sciences campus, during its Jan. 8 meeting. A tax increment reinvestment zone, or TIRZ, is an economic development tool that allows the city to use a portion of property tax revenues to fund public infrastructure projects. Digging deeper SRT TOLL LEGACY DR. HEDGCOXE RD. HEADQUARTERS DR. TENNYSON PKWY.
Per the draft plan, the TIRZ will last through 2049 with a nal payment made in 2050, but the zone can be dissolved sooner if the total value of project costs are funded. The plan includes agreements with Plano ISD, Collin County and Collin College to contribute portions of taxable value to the district. COMMUNITYIMPACT.COM
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Education
BY MICHAEL CROUCHLEY
Plano ISD breaks ground on new welcome center
pantry, homelessness support and other community and social services • On-site immunizations and immunization screenings Quote of note “This center is a tangible expression of our belief that education extends far beyond the classroom,” Plano ISD Superintendent Theresa Williams said in the release. “It is about creating an environment that addresses not only academic needs but also social and emotional aspects of a student’s life.”
Construction on the new Plano ISD Welcome and Enrollment Center began Dec. 12. The new center—located just southwest of Plano at 6210 Mapleshade Lane, Dallas—will provide support services to help “promote student success,” according to a news release from the district. Services at the new facility will include: • Enrollment, transfers and notarization of district documents
Unmatched Academic Results Join us for an Open House! Monday, January 29, 9 a.m.–5 p.m. Thursday, February 15, 9 a.m.–5 p.m. Tuesday February 27, 9 a.m.–5 p.m
• Counseling resources • A clothes closet, a food
Challenger School offers uniquely fun and academic programs for preschool to eighth grade students. Our students learn to think for themselves and to value independence.
City and district o cials attended the groundbreaking for PISD's new welcome center.
Independence (PS–G3) (469) 642-2000 10145 Independence Parkway, Plano Legacy (PS–K) (469) 573-0077 6700 Communications Parkway, Plano
COURTESY PLANO ISD
New welcome center
What’s next
PGBT TOLL
The Welcome Center is expected to nish construction in December, according to the release. The new facility in Dallas will be PISD’s second Welcome and Enrollment Center, with the existing center located on 19th Street in Plano.
M A P L E S H A D E L N .
© 2024, Challenger Schools Challenger School admits students of any race, color, and national or ethnic origin.
Dallas
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An independent private school offering preschool through eighth grade
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PLANO NORTH EDITION
Education
Education
BY HANNAH JOHNSON
BY COLBY FARR & CONNOR PITTMAN
FISD arts center work to start in March
Funding for high- speed rail approved Dallas-Fort Worth’s Regional Trans- portation Council approved up to about $1.1 million Dec. 14 for scope and budget adjustments related to the DFW High-Speed Transportation Connections Study. The gist The action gives sta from the North Central Texas Council of Governments the ability to adjust the study’s scope and budget, Senior Program Manager Dan Lam- ers said. The study, which was initiated in 2020, proposes a high-speed rail along I-30 from Fort Worth to Dallas with a stop near Arlington’s entertainment district. As the project moves into the National Environmental Policy Act process, sta can make adjustments to respond to re nements that may be suggested, Lamers said.
Stay tuned
Construction on the project is expected to begin in March 2024 with the facility opening in the rst quarter of 2026, the presentation states. The facility will be located at the corner of Legendary Drive and Stockard Drive near Hunt Middle School, said Nathan Huette, a representative from Corgan. “I look forward to having ... a larger space where we don’t have to sell out [shows] so quickly and more people have the opportunity to see the amazing things happening in Frisco ISD’s ne arts,” board President Dynette Davis said.
“This facility is a legacy of support that will forever remain in the hearts and minds of ne arts students and teachers in this district,” Fine Arts’ Managing Director Preston Hazzard said in the meeting. District voters approved a $691 million bond package in November 2018, with $43 million of that designated for a ne arts facility that includes an auditorium and gallery space.
Frisco ISD o cials have previewed the rst renderings of a new visual and performing arts center for the district, which will start construction in March. The district’s board of trustees were presented the project details during a Dec. 11 board meeting by representatives of Corgan Architects.
A new city ordinance that lowered the speed limit along Preston Road in Plano took e ect Dec. 28.
CONNOR PITTMAN COMMUNITY IMPACT
Speed limit reduced on Preston Road
Preston Road in northern Plano. Plano City Council adopted an ordinance during its Sept. 26 meeting to lower the speed limit to 45 mph from 55 mph. The context According to a memo provided to council, city engineering sta found the request to lower the speed limit, which resulted from the TxDOT engi- neering study, was warranted. Per the memo, the speed limit along Preston Road between Legacy Drive and SH 121 had remained unchanged from 55 mph since 1989.
The speed limit along a Plano segment of Preston Road between Legacy Drive and SH 121 has been lowered following a tra c study conducted by the Texas Department of Transportation. According to a Dec. 28 Facebook post by the Plano Police Department, TxDOT crews replaced existing speed limit signs within the segment of
LEGENDARY DR.
PRESTON RD
The visual and performing arts center was approved by voters in a 2018 bond program.
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RENDERING COURTESY FRISCO ISD
PLANO 5930 West Park Blvd (972) 250-0500
ALLEN 1839 N Central Expressway (972) 908-3488
EAST PLANO 3404 N Central Expressway (972) 423-6688
COIT ROAD 1453 Coit Rd (972) 867-2821
PLANO NORTH 5420 State Hwy 121 (469) 687-2581
Events
BY DUSTIN BUTLER
• Feb 10, 7 a.m. (half marathon), 7:30 a.m. (10K), 8 a.m. (5K) • $60-100 • Oak Point Nature Preserve, 2801 E. Spring Creek Parkway, Plano • www.ultraexpeditions.com/plano-half-marathon Markets at Assembly Park Experience local food, artisan crafts and community spirit. The event will feature food trucks, a farmers market, artisan fair and more. • Feb. 19, 11 a.m.-3 p.m. • Free (admission) • 1717 E. Spring Creek Parkway, Plano • www.marketsbymissy.com Taylor Swift Trivia Swifties will have the opportunity to put their Taylor Swift knowledge to the test. • Feb. 20, 7 p.m. • $30 • Lexus Box Garden, 7800 Windrose Ave., Plano • www.visitplano.com/event/taylor-swift-trivia
January
‘Stop the Presses’ This performance by the Art Centre Theatre tells the story of The Clarion, a newspaper whose staff is threatened when Sleazy Tab Lloyd gains control. • Jan. 26-Feb. 11, times vary • $20-$21.50 • 1400 Summit Ave., Ste. E., Plano • www.artcentretheatre.com/fullseason
February
Personal Safety—Safety with Plano Police Plano Police will teach attendees to recognize danger and teach strategies to reduce the risk of becoming a victim. • Feb. 6, 6:30-8:30 p.m. • Free • Davis Library, 7501-B Independence Parkway, Plano • www.plano.gov/9/library Plano Half Marathon A half marathon is set to take place at the Oak Point Nature Preserve. The race’s start and finish will be at the Oak Point Amphitheater, and there will also be 10K and 5K races.
Holistic Festival of Life two-day market Presented by Human Embrace and Mystic Mandala, in association with Crystal Corner Plano, the two-day Holistic Market offers a range of yoga classes, meditation discourses, holistic informational seminars, workshops and networking opportunities. • Jan. 27-28, 11 a.m.-5 p.m. • $8 (daily) • Oak Point Park and Nature Preserve, 5901 Los Rios Blvd., Plano • www.holisticfestivaloflife.com
Target MAILBOXES WITH POSTCARDS local
SALESSUPPORT@COMMUNITYIMPACT.COM
14
COMMUNITYIMPACT.COM
Real estate
Number of homes sold
November 2022
November 2023
Residential market data
46 34 21 18 23 17 26 23
30 18 20 31
-26.09%
-40%
75023
75075
The 75093 ZIP code area saw 31 houses sold in November 2023, about 55% more than were sold in November 2022. The area also saw nearly a 25% increase in median home sales price.
-14.29%
+55%
75024
75093
-26.09%
75025
SRT TOLL
-11.5%
75074
75
DNT TOLL
Median home sales price
PGBT TOLL
N
2022
2023
2022
2023
75023
75075
-6.8%
+11.05%
$389,500
$477,500
$417,900
$430,000
75023 75075
75024 75093
75025
75074
75024
75093
+19.46%
+24.76%
$690,500
$704,900
$578,000
$565,000
Homes sold in Plano area by price point
75025
+37.3%
$665,000
$484,350
November 2023
75074
+17.3%
$460,000
$392,175
$1 million+
5
$700,000-$999,999
30
Average days on market
$400,000-$699,999
70
+19.05%
+13.04%
-33.33%
-33.3%
+61.9%
0%
$100,000-$399,999
36
<$99,999
0
MARKET DATA COMPILED BY COLLIN COUNTY AREA REALTORS • WWW.CCAR.NET
75023
75024
75025
75074
75075
75093
COLLIN COUNTY AREA REALTORS ®
LoneStarHomes.com
15
PLANO NORTH EDITION
Community
BY MICHAEL CROUCHLEY
2024 Annual Community Guide
Plano area snapshot
Plano
Collin County
Plano has seen its population grow over the past five years, but its growth has been much less dramatic than surrounding areas. Plano’s population
grew around 1.2% from 2017-22. Over the same period, Collin and Denton counties grew 18.1% and 17%, respectively. Plano’s population is also
slightly older than Collin County as a whole. The median age in Plano is 38.9 years old, compared to 37.1 across Collin County.
SOURCES: U.S. CENSUS BUREAU 2022 AMERICAN COMMUNITY SURVEY 5-YEAR ESTIMATES/COMMUNITY IMPACT
Population change
Age analysis
Texas
24.3% 27.2% 28.7% 16.9% 2.9% 38.9
28.2% 28.6% 24.9% 15.4% 2.8% 35.2
28% 26.4% 29.3% 13.9% 2.2% 37.1
0-19
281,566
914,075
2017
2017
20-39
2020 284,948
2022 1,079,153
40-59
60-79
5-year population change
80+
+1.2%
+18.1%
Median age
Local demographics*
2017
2022
2017
2022
15.6%
15.1%
15.9%
14.5%
Hispanic or Latino White Black or African American American Indian or Alaska native Asian Native Hawaiian or other Pacific Islander Some other race Two or more races
54.9%
49.0%
73.8%
68.3%
8.1%
8.9%
9.2%
12%
0.3%
0.2%
0.3%
1.4%
19.3%
22.6%
13.5%
18.7%
0.1% 0.3%
0.0%
0.1% 0.3% 2.4%
0.3%
0.6% 3.1%
8.9%
2.5%
3.7%
*ALL CATEGORIES LISTED ARE RACES, EXCEPT FOR HISPANIC OR LATINO, WHICH IS NOT A RACE. HOWEVER, THE PERCENTAGES OF THE RACES LISTED DO NOT INCLUDE HISPANIC OR LATINO RESIDENTS.
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W. CAMPBELL RD.
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N
16
COMMUNITYIMPACT.COM
BY CODY THORN
Weitzman’s Bob Young talks growth in workout- focused businesses Throughout the Dallas-Fort Worth metro area, an influx of workout-focused businesses are opening, many of them having moved into what were vacant spaces. Bob Young, executive managing director of real estate company Weitzman, spoke with Community Impact about the reasons his company has seen growth in the real estate market. To what could you attribute the growth in workout-focused businesses? There’s two moving parts. On the consumer side, with the pandemic—health and wellness was re-energized and took a new look. Once the masks were off that morphed into almost a cultural kind of thing—going to the gym with other people and looking good. And then take the real estate side.
Vacancies that were created by [the] closing of major retailers, these gyms realized that that could be fertile for them to go get memberships and be in the markets where rooftops were there and customers were there. How much has the perception of gyms changed? In the past they were looked at like, “We don’t think we want them in a shopping center,” based on restrictions that maybe a grocery store had on parking. Now, they drive people to shopping centers. They became kind of their own anchor, along with Target or Kroger or whatever is there. In the past, it seemed like big-box vacancies would stay vacant for a long time, but it sounds like that is changing now? That is totally accurate. That’s exactly what’s happened. If you have to divide [the space] and put two tenants in there, that’s expensive. So many of these gyms, because they had a larger footprint, they were able to get the benefit of not subdividing space. All of a sudden, they’re everywhere. I don’t think that they’re going to slow down anytime soon.
This interview has been edited for length and clarity. For a longer version, visit communityimpact.com .
Your monetary donation helps fund the cost of building a home. DONATE TODAY!
Marion McFarland-Gayle a Navy Veteran & recipient of Habitat’s 100th McKinney home
17
PLANO NORTH EDITION
Community
BY MICHAEL CROUCHLEY
Plano continues focus on redevelopment As Plano approaches buildout, city sta has put a major focus on revamping and redevel- oping existing sites in 2023, with more projects planned to continue for the foreseeable future. The details Three malls in Plano—The Plano Market Square Mall, Collin Creek Mall and The Shops at Willow Bend—have either just nished or are set for upcoming redevelopment. Plano Market Square Mall was reimagined as Assembly Park, a mixed-use development that nished construction in October. Assembly Park features 18,000 square feet of o ce space and 17,000 square feet of retail space. The devel- opment’s apartment complex, the Annabelle, opened in December. Collin Creek is the other major mixed-use project with vertical progress expected in 2024. Plano Director of Special Projects Peter Braster said the project’s single-family homes have already started construction and all work on the underground parking garage is nished, which will make way for progress to start on the rst large apartment building. A redevelopment to the Shops at Willow Bend, adding more residential and hotel space are currently in the planning stage, Braster said. What else Two more major redevelopment projects were approved in late 2023. The currently vacant former headquarters for Electronic Data Systems in the Legacy Business Park is set to become a massive life sciences “hub” called the Texas Research Quarter. The development will hold research and manufactur- ing space to develop medicines and therapies. It will also have a residential element. Big changes will also be coming to the empty Fry’s Electronics building at the corner of Plano Parkway and U.S. 190, with construction starting on the project this year. The Fry’s redevelopment will include multi- family and single-family residential units, open space, and a hotel and o ce space.
75
N
Collin Creek 811 N. Central Expressway, Plano www.collincreek.com
Collin Creek, and several other redevelopment projects, are underway in Plano.
75
PARKWOOD BLVD.
LEGACY DR.
E
E E K P K W Y
TENNYSON PKWY.
N
N
Assembly Park 1717 E. Spring Creek Pkwy., Plano www.assemblyparkplano.com
Texas Research Quarter 5400 Legacy Dr., Plano www.texasresearchquarter.com
E. PLANO PKWY.
DNT TOLL
75
W. PARK BLVD.
PLANO PKWY.
N
N
Fry’s Electronics redevelopment 700 E. Plano Pkwy., Plano www.baywestdevelopment.com
The Shops at Willow Bend 6121 W. Park Blvd., Plano www.shopwillowbend.com
The following stories are based on trends Community Impact sta identi ed through monthly Impacts section reporting in 2023.
18
COMMUNITYIMPACT.COM
From the cover
Large companies continue to set up headquarters in Plano
BY MICHAEL CROUCHLEY
Diving in deeper
What you need to know
Access to Plano’s existing business commu- nity and schools is another bene t for large companies moving to Plano, McDonald said. Connecting with local businesses as suppliers or partners is one bene t, while large com- panies can also look to Plano ISD and nearby colleges for a talent pipeline into the workforce. McDonald added that the city looks to connect businesses with local students through certain events. The bene ts are mutual, said Kelle Marsalis, Plano Chamber of Commerce president and CEO. The arrival of large businesses helps attract potential suppliers, vendors, clients and com- petitors to the city. “When large corporations move into the community, it really does bene t everyone,” she said. “They bring jobs; they bring economic growth and stability; they bring more kids for our school district, which helps us o er more to the kids that we have in our district. The small-business community appreciates that partnership as well because [employees of large businesses] are potential clients, … and it brings more talent into the region.” Along with its convenient location just o the tollway, that collaboration between “the corporate and business community” is a major reason that Graze, Inc. chose Plano as its new home, CEO Logan Fahey said. “Companies like Toyota, Frito-Lay and others have created a really great corporate community in Plano,” he said. “There’s great synergy with a lot of the companies here, and I also think [the city] has just done a really great job of combin- ing the corporate and the business community.”
he said. “Those long-lasting relationships that we’ve built have really paid o .” Plano o cials can also provide incentive packages that include tax abatements and other bene ts to companies that will create high-wage jobs and contribute to the economic growth of the city. The incentives can be used for foreign and domestic companies. Plano also has several inherent advantages that make it attractive to businesses, including: • Proximity to two large airports • Public transit • A diverse building stock that includes of ice and manufacturing space
Developing relationships with business communities across the world has been a major factor in bringing large companies to Plano, McDonald said. City o cials went on recruiting trips to Chicago, South Korea, Japan and more last year. Relationships with businesses in Japan, South Korea and India have brought companies such as Toyota, Samsung and Tech Mahindra to Plano. It has also given the city a “stamp of approval,” which has helped with the recruitment of other companies, such as SK Signet, McDonald said. “They can look at how other companies have been very successful here; they enjoy working here, and they enjoy working with the city,”
HQs in Plano Ten of Plano’s corporate employers have over 1,000 employees in the city. 1 JPMorgan: 9,500 employees 2 Capital One: 7,542 employees 3 Toyota North America: 4,573 employees 4 Ericsson: 2,406 employees 5 Liberty Mutual: 2,385 employees 6 Samsung: 1,989 employees 7 PepsiCo and Frito Lay: 1,881 and 1,712 employees 8 FedEx: 1,257 employees 9 NTT DATA: 1,867 employees 10 Fisher Investments: 1,200 employees
SRT TOLL
HEADQUARTERS DR.
1
9
8
2
3
5
LEGACYDR.
7
4
DNT TOLL
COMMUNICATIONS PKWY.
6
TENNYSON PKWY.
75
10 INTERNATIONAL PKWY.
SPRING CREEK PKWY.
Plano
N
SOURCE: CITY OF PLANOCOMMUNITY IMPACT
What’s next
The main focus going forward is to continue to adapt and stay ahead of the curve, Braster added. “We want to make sure that we’re giving our citizens and taxpayers the best value that we can,” he said. “We want to be on the leading edge so that we’re not looking back 20 years from now, thinking, ‘I wish we would have done that.’”
City sta is continuing to look for other opportunities to bring businesses to Plano, including large redevelopment projects such as what is happening at the former Electronic Data Systems headquarters. Plano Director of Special Projects Peter Braster said that one key is making sure that even vacant buildings remain in good shape to help attract tenants when the time comes.
SK Signet is one of many businesses from overseas that has its American operations stationed in Plano. COURTESY SK SIGNET
19
PLANO NORTH EDITION
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21
PLANO NORTH EDITION
“The only thing faster than the speed of light is a liberal running away from accountability.” Pol. Adv. Paid for by the Dr. Matt Rostami For State Board of Education
- Dr. Matt Rostami
For State Board of Education
Educate Not Indoctrinate
I believe our schools are meant for education, not indoctrination. Many special interest groups hate this message; that’s why I am the only self-funded candidate. I don’t want your money, but I do want your vote. Help me send a message at the Republican Primary in March. See you there! Hi! My name is Dr. Matt Rostami . I am an eye surgeon in Frisco and I escaped the cold and high taxes of NJ to establish my own practice, Lone Star Eye Specialists. As much as I love to mock liberals for dodging accountability, as conservatives, we must not run from it. We have to grow our party, and I am going to start with the youth. What We Stand For What We Oppose Pro-America Curriculum Personal Responsibility & Financial Literacy Promotion of Family Values Hate-filled ideologies Socialism and Critical Race Theory Degeneracy, Grooming, and Sexualization of Children
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