Plano South | February 2022

COMPILED BY JACKSON KING & WILLIAM C. WADSACK

Southern Land Co. sold the multiuse development Morado Plano to The Jacobson Co.

COURTESY RON BLUNT ARCHITECTURAL PHOTOGRAPHY

FEATURED IMPACT NEWOWNERSHIP Real estate developer Southern Land Co. announced the sale of mixed-use development Morada Plano on Feb. 3 to investment rm The Jacobson Co. The ve-story development, which includes 183 multifamily units and 12,700 square feet of restaurant and retail space, is located at 1009 14th St., Plano. Morada Plano began leasing its studio, one-bedroom and two-bedroom apartments in September 2019. “Morada exemplies Southern Land Co.’s history of joining in the city of Plano’s mission to strengthen and preserve its historic downtown,” said Tim Downey, Southern Land Co. founder and CEO, in a statement. “Our partnership with the city was key in the development of Morada, and we have been proud to see Morada t so well into the fabric of downtown Plano.” Southern Land Co. also developed Junction 15, a transit-oriented multifamily community that was its rst 9 Lyla’s Clothing, Decor & More will celebrate its fifth anniversary April 9 at 1024 E. 15th St., Plano. The boutique car- ries ladies clothing, home decor, vintage and painted furniture, gifts and more. Lyla’s is also an official retailer for Fusion Mineral Paint and Autentico Vintage Fur- niture Chalk Paint. Lyla’s was founded by owner Meagan Wauters in April 2017. The store also offers free shipping on orders of $100 or more as well as in-store pickup for items ordered through its website. 214-907-6239. www.lylasclothing.com NEWOWNERSHIP 10 JAH Realty announced Dec. 15 that it had purchased the Preston Parkway Center , a 62,394-square-foot shop- ping center located near the northwest corner of Preston Road and West Plano Parkway in Plano, from Toronto-based firm Great Gulf. The center’s tenants include Red Hot & Blue, Dogtopia, Honey Baked Ham, Kumon Math and more. A news release announcing the sale said JAH Realty plans to renovate the shopping center and rebrand it later this year. “Our design team is currently working on architectural renderings with

multifamily project in Plano. As part of Southern Land Co.’s 2014 agreement with the city for the redevelopment of the land that became Morada Plano, there are now 122 public parking spaces beneath the development. Plano Director of Special Projects Peter Braster said the city’s partnership with Southern Land Co. for the public parking at Morada has brought more people to live in and experience the downtown area. 972-632-3561. www.moradaplano.com

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a focus on marketing a 12,180-square- foot outparcel building to medical and service users,” JAH Realty representa- tive William Rosatti said in a statement. “We anticipate completion of this work by mid-year 2022.” 214-220-0274. https://jahrealty.propertycapsule.com/ CLOSINGS 11 CVS Pharmacy closed Jan. 8 at 1501 Independence Parkway, Plano. All prescriptions were transferred to the CVS Pharmacy at 4000 W. Spring Creek Parkway in Plano to ensure patients have uninterrupted access to service, according to a company spokesperson. All employees at the Independence Parkway location were offered compara- ble roles at other CVS locations nearby, the spokesperson said. In addition to its drive-thru and indoor pharmacy services, CVS customers can also shop for hygiene essentials, snacks and more. In addi- tion to the Spring Creek Parkway store, CVS has 14 other locations in Plano. 469-606-7586 (Spring Creek Parkway location). www.cvs.com

PLANO SOUTH EDITION • FEBRUARY 2022