The developers want to turn a mostly vacant Plano shopping center into a mixed-use project.
Plano Market Square Mall was built in 1980 on Spring Creek Parkway just east of US Highway 75. For years the over 300,000 square foot single-level building has operated as a shopping center and later for a variety of retail uses.
In recent years, the sprawling mall has been largely empty.
Today, Houston-based Triten Real Estate Partners is seeking city approval to demolish part of the old mall to create a mixed-use development with offices, apartments and stores.
Approximately 177,000 square feet of the mall would be converted into creative office space. New urban retail and rental units would be built on the south and east sides of the remaining structure of the mall.
“We love the exposed steel structure and the intimate feel of an interior boulevard,” Ty Lee, director of Triten Real Estate, said in a letter to planners. “Modern creative office businesses are looking for similar and unique growth spaces.
“Our intention is to transform the current horror of the building exterior into an authentic, up-to-date aesthetic similar to other successful small-scale mixed-use developments across the country.”
Triten Real Estate plans to build 325 apartments in four two and three storey buildings on the east side of the property.
Three new catering buildings would be constructed across from Spring Creek Parkway.
The proposed redevelopment has won the support of neighboring owners.
“They are tired of looking at the dilapidated and abandoned mall for so many years and are very excited about our future plans,” said Lee. “They are very excited about the jobs the development will create and the better food options.”
New plans for the Plano Market Square shopping center come a year after redevelopment began at Plano’s Collin Creek shopping center south of US 75. Centurion American Development Group demolished most of the old Collin Creek. 38 years old, to build a billion dollar complex. use the project.