BY COLBY FARR & MARY KATHERINE SHAPIRO
Diving deeper
Looking ahead
Housing trends While single-family homes made up most of Allen’s housing in 2024, Allen has seen growth in multifamily units in recent years.
Construction has been underway for more than a year on the project’s first multifamily phase, with its first residents moving in last December. The residential component of the project joins the over 10,000 multifamily units currently located in Allen. “We’re continuing to finish up that first phase, which is ... about 500 [multifamily] units,” Billingsley said. “We’ve already launched construction on our second phase, which will be bringing in close to 700 units.” Adding multifamily homes to the city through this project has the potential to add more density to the city than if the land were used for single-family homes. As of 2026, Allen land mass is 92% developed. “We’ve got limited land left to develop, and this is at the most significant highway inter- section, potentially one of the most significant in all of North Texas, but certainly in Allen,” Bowman said.
Billingsley Co. typically maintains project ownership after build-out, and Sloan Corners will be a “great asset and complement to Allen,” Billingsley said.
2019
Single-family, detached: 80.72% Multifamily: 16.97% Single-family, attached: 2.31%
Timeline
2024
Land purchased
2021 2022 2023 2024 2025 2026
Single-family, detached: 73.96% Multifamily: 23.7% Single-family, attached: 2.34%
April 2024: Groundbreaking on Phase 1
Allen population, housing growth
2019 2024
Total population
April 2026: Bravo Park grand opening August 2026: Mexican Bar Company expected to open Fall 2026: City Futsal expected to open
101,699
+8.42%
110,265
Total housing units
+12.43%
34,773
SOURCE: BILLINGSLEY CO./COMMUNITY IMPACT
39,094
SOURCE: U.S. CENSUS BUREAU/COMMUNITY IMPACT
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ALLEN EDITION
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