WATTERS CREEK PHASE I COMPLETE

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ALLEN, TEXAS — Phase I construction is completed for Watters Creek at Montgomery Farm, a $333 million, 1.15 million-square-foot mixed-use development located in Allen. The 52-acre project serves as the town center for the 500-acre Montgomery Farm master-planned residential community. The project currently totals 620,000 square feet, including 300,000 square feet of retail and restaurant space, 90,000 square feet of office space and 230 residential units. Future phases will include additional residential, retail, restaurant and office space, as well as a lifestyle hotel. Amenities at Watters Creek include a pedestrian green corridor with a sandstone-lined pond and creek; a natural amphitheater with a town green for performances and other events; a central plaza that runs parallel to the town green; nature walks; and bike trail connections. The project is pursuing LEED certification and, upon receiving the designation, will be the largest LEED-certified mixed-use development in the state. Watters Creek is being developed by a joint venture between Fort Worth, Texas-based Trademark Property Co., New York City-based Coventry Real Estate Advisors, Beachwood, Ohio-based Developers Diversified Corp. and Franklin, Tenn.-based Southern Land Co. The architect of record is Dublin, Ohio-based Meacham & Apel Architects; Texas-based TBG Partners and Baltimore-based Development Design Group are the landscape and planning architects; and San Francisco-based Field Paoli is the design architect. Houston-based Linbeck is serving as general contractor.

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