The project will dedicate about 9 acres to retail and office space that will front US 380, and the remaining acres would be developed as multifamily housing on the rear portion of the property, city staff said.
This project will help support the development taking shape at the four corners of the Hardin and US 380 intersection, providing workers of the nearby Baylor Scott & White Medical Center-McKinney hospital and Raytheon campus with office space, retail, fitness, entertainment and restaurants, developer Cabre & Associates stated in a letter of intent to the commission.
The multifamily housing in the project would consist of 270 units among three stories, city staff said.
“We wouldn’t call it cheap, but it’s not at the top of the range,” the applicant with Cabre & Associates said. “We tried to hit a place where if some young engineer is trying to get on at Raytheon, he can find a place to live close by.”
The rezoning request will be sent with a favorable recommendation from commissioners to City Council for consideration at its Oct. 19 meeting.