Tuesday, July 19, 2016

New proposed mixed-use developments hit market in McKinney

Henry S. Miller Brokerage, LLC, a Dallas-based brokerage firm, is working to find a developer for their newly proposed developments in McKinney.

The sites, named the Village at McKinney, encompass 76.2 acres and are located at Laud Howell Parkway and US Highway 75, about a mile south of Trinity Falls.

A rendering of where the proposed developments will be placed. 
McKinney city planner Jennifer Arnold intends for this site to be a focal point for new commercial developments in the Northwest Sector Study of McKinney, with hopes for the Village to be a destination for a number of commercial uses.

“We have been working very closely with the city of McKinney and our clients on The Village at McKinney and are very excited to bring this new development opportunity onto the market,” Henry S. Miller Brokerage Vice President Chris Burrow said. “We are imagining this development to include a mix of retail, restaurant, office, hospitality and multifamily projects.”

Henry S. Miller Brokerage Associate Dillon Cook said unlike large mixed-use developments like Frisco’s $5 Billion Mile and Richardson’s CityLine, McKinney still has a small-town feel that provides a community-friendly town. Despite some backlash, he doesn’t see the Village at McKinney disrupting that.

“We’re thinking more along the lines of a low density urban destination that will appeal to the city, the people that work there. The architecture is going to be similar to that of downtown McKinney and it will have plenty of trees around the development as well as the hills and natural topography,” Cook told the Dallas Business Journal. “There’s going to be push back, we’ve heard push back from various articles released on new development in McKinney, but we just want to make everybody happy with it.”

Coinciding with the Village at McKinney is the newly approved extension of Laud Howell Parkway. The extension will stretch west from the development sites to FM 1461, connecting Dallas Parkway to US Highway 75.

Cook said they expect to choose a developer to sell the Village at McKinney to within the next two months.

Written by Paul Wedding/Dallas Business Journal