Boutique retail and more: What's in store for Plano's Collin Creek Mall if a developer's plan is approved

Developer Mehrdad Moayedi is moving forward with plans to revamp Plano's struggling Collin Creek Mall property.

Developer Mehrdad Moayedi is moving forward with plans to revamp Plano's struggling Collin Creek Mall property.

A developer’s plans to revamp Plano’s struggling Collin Creek Mall would fill out the property with a broad base of housing units, tear down the existing anchor stores and remake the main body of the mall into a boutique retail destination, according to documents filed with the city and an interview with the developer.

The concept plan, submitted to the city on Dec. 27, offers the public its first look at what Farmers Branch-based developer Centurion American plans to do with the properties it purchased last month. Parking lots surrounding the mall’s main structure would be filled in with two 15-story office buildings, a movie theater, a hotel and music venue and a mix of housing units and city park space, plans show.

“What makes these old sites work is the density of residential [units], and the people on site that can, on a day-to-day basis, go to Starbucks, go to the restaurants,” Centurion American President Mehrdad Moayedi said. “We’ve got a lot of things that need a constant customer base, and you can’t expect people to do that during the week unless they live there.”

Moayedi said he plans to heavily renovate the interior area of the existing mall and fill it with high-end boutique retailers. He added he hopes to attract these retailers in the early stages by offering to assume part of the risk of renting.

The residential communities in the plan are expected to include a variety of single-family homes and townhouses on the west side of the mall, with a handful of urban-style apartment buildings located immediately around the central building. Most of the parking would be located in underground facilities, Moayedi said.

On the east side of the mall building, Moayedi plans to replace the building currently occupied by Amazing Jake’s entertainment venue with a 10-story hotel that is expected to include a music venue and rooftop bar. Two office buildings as tall as 15 stories each could also be built on the east side of the property.

Moayedi said the J.C. Penney store, and possibly other parts of the mall, will remain open during the renovation project. He said his company is in negotiations to potentially move the Plano-based retail giant's Collin Creek Mall store into a new, one-story building planned south of the mall.

As for the rest of the mall’s existing tenants, Moayedi said he is unsure what the future holds as the plans go through the city’s approval process.

“We’re going to honor all the leases according to their contracts,” Moayedi said. “We haven’t gotten that far yet to know if we can transition them to a portion of the mall, keep them open and then transition them back on this side. Also with all the construction, I don’t know what type of traffic they would get.”

Although details of the concept plan are not finalized, Moayedi said he does not expect wholesale revisions in the coming weeks.
SHARE THIS STORY
By Daniel Houston

Daniel Houston covers Plano city government, transportation, business and education for Community Impact Newspaper. A Fort Worth native and Baylor University graduate, Daniel reported previously for The Associated Press in Oklahoma City and The Dallas Morning News.


MOST RECENT

The American Red Cross is urging people to continue donating blood to avoid any shortages during the COVID-19 outbreak. (Courtesy Adobe Stock)
American Red Cross avoids near-shortage of blood donations, urges donors to keep scheduling appointments

When concerns about the COVID-19 outbreak started to rise to new levels in the nation in March, thousands of blood donors canceled appointments with the American Red Cross.

The Grapevine-Colleyville ISD Health Department has been busy assisting the district with health initiatives, such as delivering meals. (Courtesy Amy Taldo)
ROUNDUP: 5 recent stories on the DFW area’s continued coronavirus response

Read the latest coronavirus updates from communities in the Dallas-Fort Worth area below.

Drivers once lined Legacy Drive during rush hour in the Legacy West mixed-use development in Plano. (Gavin Pugh/Community Impact Newspaper)
Layoffs swift in Plano as small businesses, large developments reel from coronavirus restrictions

Layoffs at Legacy West were the first big wave of Plano job losses reported to the Texas Workforce Commission, but countless businesses in the city have been hit hard by restrictions.

President Donald Trump signed a $2 trillion package March 27 to provide relief during the coronavirus pandemic. (Courtesy Adobe Stock)
Sen. John Cornyn discusses provisions laid out in CARES Act

The $2 trillion package provides funding to help fight the virus and to provide financial assistance for Americans during the pandemic.

Members of the Frisco Downtown Merchants Association have created a daily digital support meeting during the coronavirus pandemic. The group's members are working together to help one another stay in business. (Courtesy Ed Mahoney)
Coronavirus coverage roundup in the Dallas-Fort Worth area

Here are some noteworthy stories from the past week dealing with the impact of the coronavirus.

Initial claims for unemployment insurance rates are increasing across the nation in the midst of COVID-19. (Courtesy Adobe Stock)
Texas sees 77% increase in unemployment insurance claims during week ending March 28

Texas ranked fifth among states in the U.S. with 275,597 initial claims filed the week ending March 28.

Collin, Denton, Dallas and Tarrant counties have a higher response rate than the state of Texas as of Mach 31. (Courtesy Adobe Stock)
Census responses ahead of U.S. in Dallas-Fort Worth, growth highest in nation

Dallas-Fort Worth counties vary in self-response rates on the U.S. census as Census Day arrives April 1.

Gov. Greg Abbott issued an executive order regarding the state's response to the ongoing coronavirus pandemic during a March 31 afternoon press conference. (Screenshot via livestream)
Plano nixes stay-at-home policy discussion in light of Texas governor's guidelines on essential activities

A dash to prepare a stay-at-home ordinance for the city of Plano was halted this week after the governor unveiled his own set of guidelines defining essential services.

Texas Tribune: Some local elections in Texas moving ahead despite coronavirus spread

A handful of towns and special districts still plan to go ahead with their May 2 votes, arranging polling places despite calls from the president on down directing people to stay at home to prevent the spread of the deadly virus.

Lake Travis Fire Rescue is one of hundreds of emergency service districts serving millions of Texas residents across the state. Firefighters, EMTs and medical professionals said they are concerned about the availability of personal protective equipment as the coronavirus public health crisis continues. (Brian Rash/Community Impact Newspaper)
First responders, medical professionals across Texas worry about inadequate personal protective equipment supplies

In a survey of emergency service districts across the state, two-thirds of respondents said they were concerned about a shortage of equipment such as masks, goggles and gloves.

Owner of Asian Mint Nikky Phinyawatana saw an opportunity to support at-home cooking endeavors by launching the Chef Mint from Home program. (Courtesy Asian Mint)
ROUNDUP: DFW businesses provide adjusted services to community, support each other during coronavirus

Read more about some of the businesses the Community Impact Newspaper team has featured.

Collin County Judge Chris Hill rescinded his order that urged residents to stay home except for travel related to essential activities and defined all business as essential. (Courtesy Collin County)
Collin County judge rescinds order defining all business as essential after governor issues statewide guidelines

Collin County’s top elected official has withdrawn his stay-at-home order that defined all business as essential.