Plano approves shopping center redevelopment plan

Plano City Council has approved a plan to turn a long-vacant shopping center into a mixed-use project.

Plano Market Square shopping center was built in 1980 on Spring Creek Parkway, just east of US Highway 75.

The over 300,000 square foot building was originally operated as a shopping center and later housed a variety of retailers.

But the single-story building has been largely empty in recent years.

Houston-based Triten Real Estate Partners has now been given the green light from the city to demolish part of the old mall to create a mixed-use development with offices, apartments and stores.

The developers have proposed to convert approximately 177,000 square feet of the original mall to office space. And new urban retail and rental units would be built on the south and east sides of the property.

Triten Real Estate plans to build more than 300 apartments in four two- and three-storey buildings.

The new restaurant buildings would be built facing Spring Creek Parkway.

Calvin Wong and Daniel Eng of Engvest Commercial Real Estate negotiated the sale of the shopping center in Triten.

The Plano Marketplace redevelopment is one of two major shopping center redevelopments underway along US Highway 75.

Centurion American Development is transforming Plano’s Collin Creek Mall site into a $ 1 billion mixed-use project.

Source link

Peggy P. Gilmore