'Front door to our city' From the cover
Sloan Corners in Allen
The full story
The Allen side of the project will encompass 260 acres at the southwest corner of US 75 and SH 121.
Bravo Park Parking garage
Entertainment Restaurant and retail Around 100K sq. ft. of retail & restaurant space
Residential Office
Construction is underway at Sloan Corners, a roughly $3 billion mixed-use development project spanning 480 acres across Allen and Fairview. The project by Dallas-based Billingsley Co. will feature apartments, retail, restaurants and office space, Billingsley Co. founder and partner Lucy Billingsley said. Mayor Baine Brooks said the project “aligns perfectly” with Allen’s long-term vision. “That intersection has been planned for mixed-use and employment development for more than 20 years, and Sloan Corners helps bring that vision to life,” Brooks said in an email. The development’s first phase included construction of luxury apartment community Hartwood at Sloan Corners as well as Bravo Park, a 30-acre park that’s now partially open to the public with the rest expected to open soon, Billingsley Vice President of Marketing Carey Morgan said. Construction on the second phase started in March, Billingsley said. One of the restaurants slated for the project, Mexican Bar Company, broke ground this spring and is expected to open in August, owner Brian Dunne said. The restaurant’s patio will overlook a 2-acre pond and multiacre park. “It’s going to be a lot more than just a restaurant, a lot more than just development,” Dunne said. “It’s going to be an all-encompassing space, and we’re beyond excited to get these doors open.”
Up to 6M sq. ft. of office space 4K multifamily units
58 total acres of green space
SRT TOLL
HOTEL
75
WAVERLY DR.
MAP NOT TO SCALE N
SOURCE: BILLINGSLEY CO./COMMUNITY IMPACT
The impact
City tax revenue
Hotel occupancy tax revenue Sales tax revenue
is expected to generate $271 million across multiple types of tax revenue, including sales tax, property tax and hotel occupancy tax, according to a finan- cial analysis by analytics firm Stein Planning. The project will also implement needed infra- structure improvements, such as road repairs, as the city approaches build-out, Bowman said. Sloan Corners is also part of a larger trend of significant growth along SH 121, he said. “121 is maybe 8% of our city mass, but that area and that corridor represents a very disproportionate amount of our commercial growth,” Bowman said. In addition to economic benefits, the develop- ment includes an “amenity-rich park” with walking trails, a pond, pickleball courts and dog parks.
Sloan Corners is located on some of the last unde- veloped land within city limits and is at a highly visible intersection, which Allen Economic Devel- opment Corp. President Dan Bowman said makes it a significant project for the community. “The transformative nature of the project will be really driven by job creation,” he said. “It’s ... our opportunity to land a big corporate relocation.” When fully built out, Sloan Corners will bring more than 30,000 jobs to the area, Brooks said. The project will also create tax revenue that can help cover city costs, such as infrastructure and maintenance, which eases the property tax burden on residents, Bowman said. In the 30 years follow- ing the opening of Sloan Corners, the development
Ad valorem tax revenue
$200M $150M $100M $50M $0
The $3B project is projected to generate $271M in tax revenue over 30 years.
SOURCES: ALLEN ECONOMIC DEVELOPMENT CORP., CITY OF ALLEN/COMMUNITY IMPACT
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