Allen | May 2026

‘More than a highway’ From the cover

A developing corridor Projects along the Allen and McKinney sides of the SH 121 corridor are in various stages of development.

The overview

McKinney

E L D O R A D O P K W Y .

Sunset Amphitheater

MEDICAL CENTER DR.

Cannon Beach • Developer: Cannon Development Group • Surf park with a 3-acre surf lagoon, beach, lazy river, restaurants, retail and family entertainment space • 150 hotel rooms • Timeline: opening mid-2027 • Industrial space: 750,000+ sq. ft. across ive buildings • Timeline: second quarter of 2027 Sunset Amphitheater • Developer: Venu • 20,000-seat amphitheater • 290+ irepit suites • Timeline: opening summer 2027 121 Commerce Park • Developer: VanTrust

A branding initiative for the SH 121 corridor between Allen and McKinney is posing the area as a focal point for economic growth in both cities. The Allen and McKinney Economic Development Corp.’s launched a branding initiative called 121 North in May. Among the advantages listed with the initiative’s interactive online map and project highlights are mixed-use development The Farm and concert venue Sunset Amphitheater. These projects spanning two cities across a single highway made the partnership “a huge and exciting opportunity,” said Dan Bowman, Allen Economic Development Corp. president. “The 121 North corridor is where two of Collin County’s most purposeful cities share more than a highway,” the website states. “They share a commitment to intentional growth.” The initiative brands the area as an entertainment district, with planned uses including Kalahari’s waterpark and arcade as well as the 3-acre surf lagoon at Cannon Beach. “Our main goal, for both Allen and McKinney, is to serve as a business recruitment tool,” Bowman said. “We want people [and] companies ... to see 121 North as a collective option.” McKinney- and Allen-area developer Bucky Gillett said the joint eort between the two cities will help attract businesses to the area. “Anything that helps drive business this way is a positive thing,” he said.

McKinney

121 Commerce Park

GATEWAY BLVD.

Fairview

COLLIN MCKINNEY PKWY.

Cannon Beach

STACY RD.

JW Marriott

SRT TOLL

Sloan Corners

ALMA RD.

WEISKOPF AVE.

RIDGEVIEW DR.

121

Omnilife

STACYRD.

Kalahari

FAIRVIEW PKWY.

121 Tech Park

Allen Gateway

The Farm

Allen

The Avenue

Crestview

MAP NOT TO SCALE N

Allen

• 2,400 urban residential units • 112 townhomes • 150 hotel rooms • Timeline: completion in next 3-5 years Omnilife • Developer: Heady Investments • Tech/flex space: 160,000 sq. ft • Timeline: set to open Sept. 2026 Kalahari • Developer: Kalahari Resorts and Conventions • $950 million resort with 900 guest

rooms, over 165,000 square feet of convention space and 75,000 square feet of restaurant space • Timeline: estimated opening in 2030 Sloan Corners • Developer: Billingsley Co. • Ofice space: 6.1 million sq. ft. • Retail: 120,000 sq. ft. • 4,000 urban residential units • 400+ hotel rooms • Timeline: build-out of project Phase 1A estimated in 2028

The Avenue • Developer: Thakkar Developers • Ofice space: 1 million sq. ft. • Retail/restaurant: 275,000 sq. ft. • 1,600 urban residential units • 150 single-family homes • 300 hotel rooms • Timeline: Phase 1 under construction The Farm • Developer: JaRyCo Development • Ofice space: 1.6 million sq. ft • Retail/restaurant: 200,000 sq. ft

SOURCE: 121 NORTHCOMMUNITY IMPACT

Key updates

Crestview Project: The Crestview master-planned community will include townhomes, apartments, a hotel, a grocery store and oce space. Update: The Crestview Apartments are expected to become available in the third quarter of 2026, said Ryan Salchert, communications and media manager for Trammell Crow Co. • Size: 60 acres • Developer: Trammell Crow • Timeline: estimated 5 years to full build-out

Allen Gateway Project: Allen Gateway will include 650,000 square feet of oce space, 147,000 square feet of retail and restaurant space, and 1,300 urban residential units. Update: Groundbreaking for Katy Trail Ice House, a restaurant, is planned for 2026, Bowman said. The Twin Creeks Active Adult Community is also expected to break ground later this year, said Joey Pellicone with North American Properties. • Size: 75 acres • Developer: North American Properties • Timeline: estimated 7-8 years to full build-out

121 Tech Park Project: The development will include 250,000 square feet of oce space and 740,000 square feet of tech ex space, as well as 30,000 square feet of space for restaurant and retail uses and 129 townhomes. Update: Allen-based Amphenol Fiber Systems International expanded to a completed space within the tech park in 2024, and full-service commercial HVAC company ACIS relocated their headquarters to the tech park in 2025. • Size: about 80 acres • Developer: Stillwater Capital • Timeline: completion slated for early 2028

COMMUNITYIMPACT.COM