The five-story development, which includes 183 multifamily units and 12,700 square feet of restaurant and retail space, is located at 1009 14th St., Plano. Morada Plano began leasing its studio, one- and two-bedroom apartments in September 2019.
“Morada exemplifies Southern Land Co.’s history of joining in the city of Plano’s mission to strengthen and preserve its historic downtown,” said Tim Downey, Southern Land Co. founder and CEO, in a statement. “Our partnership with the city was key in the development of Morada, and we have been proud to see Morada fit so well into the fabric of downtown Plano.”
Southern Land Co. previously developed Junction 15, a transit-oriented multifamily community that was the company's first multifamily project in Plano.
As part of Southern Land Co.’s 2014 agreement with the city for the redevelopment of the land that became Morada Plano, there are now 122 public parking spaces beneath the development.
“The city already owned part of the property, which housed an old city facility,” said Frank Turner, Plano’s former deputy manager of development, in a statement. “After working with Southern Land Co. on Junction 15, we knew it was a good opportunity for them to redevelop and bring a new residential and commercial space to downtown.”
Plano Director of Special Projects Peter Braster said the city’s partnership with Southern Land Co. for the public parking at Morada has brought more people to live and experience the downtown area. 972-632-3561. www.moradaplano.com