Friday, March 27, 2015
New apartment community will replace Plano car dealership
A vacant Plano car dealership will soon be redeveloped into a high-density residential community.
Apartment builder Alliance Residential plans to build 460 luxury apartments on the former Park Place Lexus property on Preston Road near Bush Turnpike.
The more than six acre car dealership at Preston and Plano Parkway has been vacant more than a year since Park Place moved to its new home on the Dallas North Tollway.
Alliance Residential plans to build a 5-story rental community which will have two internal courtyards.
Rents in the new project will average about $1,400 a month.
Alliance Residential already operates a handful of North Texas apartment communities.
Steve Brown, The Dallas Morning News