Representatives of M2G Ventures, the city’s development partner for the project, will present an update on the development proposal for four city-owned properties at both meetings, according to a news release.
The details
The first presentation will be given at a McKinney City Council work session scheduled for 3 p.m., July 23 at McKinney City Hall, located at 222 N. Tennessee St.
In addition to information on the updated development proposal, representatives of M2G Ventures will hear feedback and seek consensus from city council members on elements of the proposal, such as:
- Land uses and location of the land uses across the four properties
- Density
- Building heights
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 selected Fort Worth-based M2G Ventures as their preferred development partner in January.
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.
The first town hall meeting regarding the initiative was held in April.
Looking ahead
Negotiations on the development partnership began in January. Pending a finalized development agreement, the development process could begin as early as October, according to the city’s website.
For more information on the downtown redevelopment initiative, visit www.mckinneytexas.org/cityproperty.
