Plano City Council on Feb. 24 approved a request from developer Dreien Opportunity Partners to delay a vote on the Campus at Legacy West apartment request until March 17.
“We would like more time to reach out to neighbors to ensure the community is engaged and involved with this exciting project,” said attorney Bill Dahlstrom, who is handling the zoning case on behalf of the developer, in a letter to city officials.
The delay comes as the developer is seeking new financing amid a foreclosure threat from the lender behind the project. The lender originally scheduled a sale of the property for Feb. 4, later bumping that date to March 3, according to foreclosure notices filed with Collin County.
The number of apartment units in the developer’s request had been reduced to 650 units, down from nearly 800. This was part of an effort to satisfy nearby property owners who spoke out publicly against the request, Dreien managing partner and CEO Sam Ware said in late January.
The apartment buildings themselves would also be set back farther from the road under the latest version of the plan.