Dallas-based developer Billingsley Company has filed a new multifamily development, termed The Chase at Wilson Creek, with the Texas Department of Licensing and Regulation.

The $120 million development, located at 6500 W. University Drive, will begin construction at the end of November and should be completed in May 2024, according to the TDLR filing. The multifamily development will be placed on nearly 58 acres that have been owned by Billingsley Co. since 2005, according to the Collin County Appraisal District.

The development will be designed by Hensley Lamkin Rachel, Inc and will include 17 residential buildings, three amenity buildings, one detached garage and one standalone garage.

The McKinney Planning and Zoning Commission will vote on a preliminary-final plat request at its Sept. 27 meeting to subdivide the property into smaller zoning sections, allowing for Phase 1 of the development to use only 27.6 acres, according to the meeting’s agenda.