City of Plano has officially given the new Collin Creek redevelopment plan the green light. As early as July, construction to revamp the shopping mall will begin. As of now, $1 billion in renovations are planned for a new development on the Collin Creek development.
Development update: Collin Creek Mall will officially close on July 30, 2019.
The new Collin Creek development will span across 100 acres, with new housing, office space and entertainment options.
Centurion American purchased the mall in December of last year, and have since been working with city leaders, as well as residents to better understand the needs of Plano’s residents. In January, representatives from Centurion American, President Mehrdad Moayedi held a meeting open to the public inside the area that once held Dillard’s. During this meeting, he discussed his vision to turn Collin Creek into a mixed-use development where people can work, live and play.
During the first phase of Collin Creek’s redevelopment, a Crystal Lagoon water feature will be constructed, along with restaurants, apartments and a 200-room hotel. Centurion American has previously worked on the Statler Hotel and the Cabana Hotel in downtown Dallas.
Over 1 million square feet of office space is planned for the following phases of construction.
Upon completion, the new Collin Creek development will contain 2,300 apartments, along with townhomes, multifamily units and senior living units. There will be much green space in the development, including 9 acres of parks and 1.6 miles of biking trails.
Although there is no projected completion date for the Collin Creek redevelopment project, Moayedi mentioned in January’s meeting that he anticipates that the project could take up to five years.