On Feb. 21, the city of McKinney and the McKinney Economic Development Corp. selected a development team led by KDC as the front runner for the development of the Gateway property.
The selection will allow the city and KDC to enter into a period of exclusive negotiations for the development of the Gateway site located at Sam Rayburn Tollway and US 75.
KDC is a commercial real estate development and investment firm with extensive work in the DFW market. KDC is currently developing the office campuses for JPMorgan Chase and Liberty Mutual at Legacy West, Toyota’s North American headquarters complex in Plano, and the Raytheon and State Farm Insurance campus at City Line in Richardson. With the selection of the KDC team, MEDC will work with KDC to develop a master developer agreement.
“We think now is the ideal time for Gateway to take shape as the Sam Rayburn Tollway corridor and Dallas North Tollway continue to develop,” said Mayor Brian Loughmiller in a statement. “Our plan is to allow the market to drive the development, rather than putting in specific plans for a developer to meet as we’ve done in the past. We are looking forward to working with KDC and know they’ll bring great things to the Gateway site.”