The details
The meeting will be held from 4:30-6:30 p.m. April 9 and will take place in Ruschhaupt Hall at the McKinney Performing Arts Center, located at 111 N. Tennessee St.
Attendees will hear a presentation with updates about the status of the project and be able to ask questions of representatives of M2G Ventures, the development firm the city will partner with for the project. Following a presentation and a Q&A session, a meet and greet will be held with representatives of M2G Ventures.
How we got here
The redevelopment effort is focused on four city-owned properties totaling about 4.75 acres that will soon be vacant following the relocation of city staff to the new McKinney City Hall in early 2025.
The properties include the current City Hall, the Development Services building and two adjacent parking lots.
McKinney City Council members declared their intention to redevelop these sites through a public-private partnership in early 2023. Three firms were selected out of a pool of 15 respondents to present conceptual redevelopment proposals at a Nov. 28 meeting.
Additional public input opportunities were held prior to the selection of the development partner. Council members elected to move forward Fort Worth-based M2G Ventures.
The conceptual redevelopment plan presented by the firm proposed a mixed-use project featuring multifamily residential, parking structures, a boutique hotel, and open space as well as retail and restaurant space. However, the presented concept plans are conceptual and could change during negotiations, Assistant City Manager Kim Flom said at the Jan 2. meeting.
Quote of note
“Our hope is that what is ultimately built on these properties will expand upon what makes downtown McKinney so special,” City Manager Paul Grimes said in the release.
Looking ahead
Following a design development phase to determine guiding principles and design objectives for the project, city staff will work with M2G Ventures to develop preliminary partnership terms, according to a presentation from the Jan. 2 meeting.
Pending a finalized development agreement, the project development process could begin as early as October, according to the city’s website.
Learn more
For more information on the downtown redevelopment initiative, visit www.mckinneytexas.org/cityproperty.
