Plano’s mixed-use landscape Most of the malls have closed in Plano, and mixed-use sites have been or are planned to be built instead. These developments, such as the $2 billion Legacy West, often include retail, dining, o ce and residential buildings.
ASSEMBLY PARK
CONTINUED FROM 1
Status: construction is underway Estimated completion: end of 2023 Residential units: 305 Amenities: dog parks, outdoor event stage and play structure
undeveloped land to repurpose into new mixed-use sites, Braster stated. While many residents see mixed-use areas as a new-age development trend, Braster said he sees them more as a throwback to the way communities used to be constructed. “Before World War II, people lived in places that were walkable. Maybe you needed a car, maybe you didn’t; some shop owners lived above the store, all that kind of stu ,” he said. “When everyone came back from the war, we needed all this extra housing. Suburbs started getting built, and cars became more a ordable.” But Braster said in the last few decades the marketplace started changing as people began looking for more community-based places to live. “Developers started working to build these mixed-use communities ... where people can reconnect,” he said. “The town square has become import- ant again.” Braster said mixed-use sites are also attractive because they can maintain high property values for the city. “The chances that [mixed-use devel- opments] will continue to be really vital spaces over time is a lot greater than, say, a [shopping mall],” he said. Assembly Park The rst new mixed-use project to open in Plano will be Assembly Park, in place of the former Plano Market Square Mall site just east of US 75 at the corner of K Avenue and Spring Creek Parkway. Development com- pany Triten Real Estate Partners is con- structing the project that will feature 180,000 square feet of o ce space; 305 apartments and townhome units; and 16,000 square feet of restaurant and
K AVE.
75
N
RENDERING COURTESY TRITEN REAL ESTATE PARTNERS
COLLIN CREEK Status: construction is underway Estimated completion: 2024 ( rst phase) Residential units: 2,800
2001 2002
The Shops at Willow Bend opens. Outdoor shopping district The Shops at Legacy opens. JANUARY Luxury apartment community Junction 15 opens in downtown Plano. FEBRUARY Construction begins on the Legacy West mixed-use development. JUNE Legacy West o cially opens to the public. JULY Collin Creek Mall closes. JANUARY Plano Market Square Mall is closed and sold. SEPTEMBER Construction begins on the Collin Creek Mall mixed-use redevelopment project. DECEMBER City Council approves a zoning change for mixed-use development at Haggard Farms. APRIL Construction begins on Assembly Park at the Plano Market Square Mall site. MAY A real estate rm acquires The Shops at Willow Bend and announces plans to redevelop it into a mixed-use site.
Amenities: 8 acres of park land, hotel, neighborhood
15TH
2015
75
N
RENDERING COURTESY CENTURION AMERICAN
HAGGARD FARMS
Status: construction to begin this year Estimated completion: not yet announced Residential units: 700 Amenities: farm-to-table restaurant; emphasis on nature and open space; boutique-style retail
2017
2019 2021
SPRING CREEK PKWY.
DNT TOLL
N
PARKWOOD BLVD.
RENDERING COURTESY STILLWATER CAPITAL
THE SHOPS AT WILLOW BEND Status: planning stages Estimated completion: not yet announced Residential units: not yet announced
2022
Amenities: restaurant district, movie theater, retail
DNT TOLL
PARKBLVD.
SOURCES: CENTURION AMERICAN, TRITEN REAL ESTATE PARTNER, STILLWATER CAPITAL, CENTENNIAL COMMUNITY IMPACT NEWSPAPER
N
BILLY WADSACK COMMUNITY IMPACT NEWSPAPER
16
COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM
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