Monarch City DBJ Article:
https://www.bizjournals.com/dallas/news/2021/06/03/local-developer.htmlEast side of 75 & 121 Fairview Site DMN Article:
https://www.dallasnews.com/business/real-estate/2019/09/17/billingsley-co-plans-major-mixed-use-development-on-u-s-75-in-fairview/So Billingsley thinks they're going to make the next Legacy. Their words, DBJ article.
"We look at it much like Legacy East and West, where you have a huge development on one side that compliments the other," Billingsley said.
Why so much office? I don't get it. I genuinely don't. Sure, include office, because it's part of "live-work-play," but millions of square feet on EACH side?
One Bethany is just to the south, and it's right across from Watters Creek. Established.
Legacy Central is just further south on 75, established. I work in Legacy Central, just for reference. Samsung has a massive presence here. Peloton too. Transwestern. Freddie Mac coming soon. Legacy Central is supposed to add some additional retail/restaurant space, plus a hotel. There's already apartments here, and people utilize the development's beautiful landscaping to walk, ride bikes, and enjoy the outdoors. Yes, it's very suburban, but nicely done... Established.
The Farm is going up right now at SW corner of 121 & Alma. Allen Gateway will eventually be built (the development that was going to include the cricket stadium before that got shot down) on the opposite side of Alma. Collin College's technical campus (which is beautiful, by the way) sits adjacent to the Allen Gateway site. That's attractive for those two sites & the 121/Alma intersection.
Hub 121 & District 121 are in progress on the northwest and northeast corners of Alma & 121, respectively. Craig Ranch's activity is picking up as a whole, and there's already a huge number of apartments in the area, as well as corporate tenants. Independent Financial is building a second building to expand their HQ right now, and may add a 3rd.
Collin Creek is much further south on 75, yes, but that'll be attracting some tenants too, as the project is just that big (assuming it goes well).
And then all the way out at 121 & DNT, you have Plano & Frisco's mini skyline. Legacy West and its corporate presence. More construction going on right now. The original Legacy Town Center and all of the offices there. Granite Park. North side of 121, you have Hall Park, The Star, Frisco Station, Wade Park (but that's probably 2-5 years from anything happening there, sadly). Stonebriar, the Roughriders Ballpark. Proximity to Main St Frisco with Toyota Stadium, and then all that Fields & PGA Frisco will be further north on DNT.
Maybe I'm thinking too deeply on this, but what the hell are they thinking with millions and millions of square feet of office? Yes, we all know and somewhat hate the fact that suburban office is winning right now, but this just seems ignorant. Frisco & Plano alone have millions of square feet available or on the way, and there's more of a reason to be over here.
The McKinney/Allen intersection of 121/75 has nothing yet, and while I'd love to see stuff go up, why is it office? I get there's proximity to McKinney National Airport, but aside from that, you have 3 blank corners. The NE corner in McKinney has Emerson in their building right now, as well as a Sheraton, but that's it. There were/are plans for development there, but that's been pretty dormant for years and years. Sure, waiting for demand, but essentially, there's nothing.
I don't know, it's just a head-against-the-wall move/angle for me. Someone put me in my place and tell me if I'm completely missing the mark with this. Very well may be, but it seems beyond stupid to have such prime sites and seal their fate as more generic, tissue box office complexes.