MCKINNEY, TEXAS — A private institutional partnership has proposed The Village at McKinney, a mixed-use development on 76.2 acres in the city of McKinney in Collin County. Chris Burrow and Dillon Cook with Henry S. Miller, a commercial real estate firm based in Dallas, are marketing a proposal for the large mixed-use project, which would be known as The Village at McKinney, to developers. The out-of-state institutional partnership currently owns the property.
“We have been working very closely with the City of McKinney and our clients on The Village at McKinney and we are very excited to bring this new development opportunity onto the market,” says Burrow.
The final project could include a mix of retail, restaurant, office, hospitality and multifamily uses. The Village at McKinney would be located at the corner of U.S. Highway 75 and Laud Howell Parkway.
The 76.2-acre site has been divided into four separate parcels ranging in size from 8.9 acres to 34 acres, but can also be sold to a single developer. On-site utilities are scheduled to be in place by 2018.
“The City of McKinney recognizes the area around U.S. 75 and Laud Howell as a prime location for a range of commercial opportunities in a mixed-use environment,” says Jennifer Arnold, long-range planning director for the City of McKinney. “Transforming this area into a regional hot spot for entertainment, recreation and business will help anchor the next wave of growth and development in the city.”
The City of McKinney recently approved an extension of Laud Howell Parkway from the site of the potential development to FM 1461. The extension will take place over the next two years and will connect U.S. Highway 75 to Dallas Parkway.