Redevelopment project to add multifamily, office space in East McKinney From the cover
The impact
Two-minute impact
A redevelopment effort at the McKinney Cotton Mill will add apartments, offices and more to the roughly 32-acre site in East McKinney. The project is a collaboration between property owner Terry Casey and Texas-based development firm Presidium. The project, set to break ground in mid-2024, will bring over 1,100 multifamily units along with office and commercial space to the land directly south of the mill building. The redevelopment is expected to cost just under $1 billion, according to Presidium President of Development Mark Farrell. Variances requested for the project July 18 included allowing up to seven stories for some of the multifamily buildings, three levels higher than the site’s previous zoning allowed. “The Cotton Mill [team] fully believes and supports that seven stories will bring the right density to make this a cultural district, which is what we’ve always wanted to be for McKinney,” Cotton Mill representative McCall Casey said. Council members voted 5-2 to approve the variances requested, with Mayor Pro Tem Charlie Philips and Council Member Geré Feltus voting against it. Feltus said she believed the redevelopment would be unique from west McKinney, but she couldn’t support the height of the buildings.
1 1 five-story and 3 seven-story multifamily buildings totaling over 1,100 units 2 2 four-story office buildings totaling 200,000 square feet of office space 3 27 three-story artist loft-style townhomes 4 7 acres of parkland/outdoor space 5 McKinney Cotton Mill
McKinney Cotton Mill space
66,000 sq. ft. Planned boutique hotel
65,000 sq. ft. Leased space
170,000 sq. ft. total space
34,500 sq. ft. Nonleasable/ ancillary space
ELM ST.
4,500 sq. ft. Space available for lease
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SOURCE: MCKINNEY COTTON MILL/COMMUNITY IMPACT
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The redevelopment effort is expected to bring a higher concentration of people to East McKinney, including new residents as well as people working in the offices and businesses being built as part of the project, Farrell said “The more density you can put on this site, the more people will support that public space and make it successful,” Farrell said. The density planned for the site will also serve to bring other resources to the area, such as grocery stores or restaurants, McKinney Mayor George Fuller said at the July 18 meeting. “Catalyzing this neighborhood; … eliminating the food desert, the restaurant desert, the enter- tainment desert—that’s only going to happen with density,” Fuller said. Council Member Justin Beller, who represents District 1 where the site is located, said the project is reminiscent of the live, work, play community created when the Cotton Mill was originally built in 1910. The value of the project also outweighed his concerns about the height of the buildings, Beller said at the meeting. MillHouse McKinney, a creative coworking space for women founded by Beth Beck and Aimee Woolverton, has been a business tenant of the McKinney Cotton Mill since 2018. Beck said the area lacks resources, such as restaurants that are planned as part of the project. “There’s no place to eat or play over here at all,” she said. “We’ve even tried it. We had food trucks; ... they couldn’t make enough money.” Beck, who spoke in support of the project at the July 18 meeting, said she has known about Casey’s plan to develop the site since she started her business at the McKinney Cotton Mill. “If you’re going to have growth, I think this is a great place to have it,” Beck said.
CLARK ST.
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BURRUS ST.
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SOURCES: CITY OF MCKINNEY, PRESIDIUM/COMMUNITY IMPACT
Seven-story buildings will have two floors of parking garages below five floors of apartments Over 100 units set aside for tenants making 80% or less than the area’s median income
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PHOTOS COURTESY PRESIDIUM
7 acres of parkland and outdoor space Space for checkers and dominoes
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Dedicated outdoor space for markets and car shows
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COMMUNITYIMPACT.COM
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