2022 REAL ESTATE EDITION
retail space. O ce space is slated to be completed by the end of the year, with the remainder of the project expected to be nished by the end of 2023. Assembly Park will also o er a con- nection to nature with a large outdoor space and plans for dog parks, an event stage and a children’s play structure, Triten partner and DFW lead John Hardaway said. “Assembly Park will o er residents, employers and the community an o ering unlike anything in [Dallas-Fort Worth], with a truly walkable, pedes- trian- and family-friendly environ- ment to gather, dine, collaborate and live with a focus on nature,” Hardaway said in a statement. Collin Creek Another project just o US 75 is the $1 billion mixed-use development, titled Collin Creek, that is transform- ing the former Collin Creek Mall and the surrounding area. It will include 400,000 square feet of retail space, 500 single-family homes, 2,300 mul- tifamily apartment units, 1.3 million square feet of o ce space and a 200- room hotel.
Centennial. The company unveiled plans to reimagine it into a mixed-use development as part of the announce- ment of its acquisition of the mall. The company stated it had acquired the mall in partnership with Cawley Part- ners and Waterfall Asset Management. An exact timeline and plans for the mall’s redevelopment have not yet been released. “We believe the best real estate is where suburban malls, like The Shops at Willow Bend, sit today,” Centennial CEO Steven Levin said in a statement. “[We] have a proven playbook for how to transform these complicated assets into tomorrow’s most relevant and dominant mixed-use destinations.” Braster said the development team is not yet ready to share speci cs on the project. But he said residents are going to be “excited” by it. “They are creating a place for people to gather,” he said. “[The redevelop- ment] is not just about shopping, it’s about everything else.”
Braster said work is focused on installing sewer and water lines for the single-family neighborhood, which is located o Alma Drive, and nishing the underground parking garage. “Unfortunately, most of the progress is underground and barely visible,” Braster said. “Obviously everybody wants it done faster, but with all that’s going on in our economy, they are doing great.” Haggard Farms Another mixed-use development coming to Plano is the Haggard Farms project that City Council approved in December. The project will be built on one of the largest undeveloped tracts of land in Plano and the last large piece of unused land owned by the Hag- gard family, according to city reports. The family has owned land in Collin County since the mid-1800s. The more than 2 million-square- foot development would have a rustic farm theme and feature a restaurant called The Almanac that serves locally-sourced food, according to Stillwater Capital o cials, who are
developing the project. It would also include multiple outdoor event spaces, a park, o ces, high-end apartments, a boutique hotel, space for various retail businesses, townhomes, parking garages and a large pond. The developers stated it will be built around outdoor spaces with trails, trees and arti cial streams. Construc- tion will likely begin by the end of the year. Mayor John Muns said the quality of Stillwater Capital’s other projects, respect for the Haggard family and the changing demands for commercial real estate have him excited about the project. “We are not talking about a Legacy West with that high density,” he said. “I think this is really well positioned to be a good development. They had time to pivot and react to market changes that were happening because of the pandemic. That is a big advantage.” The Shops at Willow Bend It was announced May 4 that the last open indoor shopping mall in Plano, The Shops at Willow Bend, had been acquired by national real estate rm
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PLANO NORTH EDITION • JULY 2022
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