The Collin Creek mixed-use development project involves the renovation of the existing mall and the construction of new homes.
By Retail Insight Network — September 9, 2021
The Collin Creek Mall in Plano, US, is being reconstructed as part of a major transformation project, which also involves the redevelopment of the more than 100-acre mall site.
The project is being undertaken by US-based real estate developer Centurion American Development Group (Centurion American), which bought the property in 2018.
The Collin Creek Mall redevelopment project will add 300,000ft² (27,871m²) of retail space, 40,000ft² (3,716m²) of restaurant space, and 200,000ft² (18,580m²) of service space. It will also create 40,000ft² (3,716m²) of event space to host corporate, social, and charitable events, a 200-room hotel, and 1.3 million square feet (120,774m²) of office space.
The mixed-use project will involve the construction of apartments, single-family homes, and independent and senior residencies, as well as parking and public walking trails.
The redevelopment will revitalise Plano’s downtown region and create a new integrated area that will provide spaces to live, work, and play. It is estimated to involve an investment of $1bn.
Centurion American received interest from 30 retailers to occupy spaces at the new development, upon completion. The first new dining and retail outlets are anticipated to open by the end of 2022.
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