The newly named Assembly Park development will feature 180,000 square feet of office space, 305 apartments and townhome units, and 16,000 square feet of restaurant and retail space. Office space is slated to be completed by the end of 2022, with the remainder of the project expected to be finished by the end of 2023.
Triten partner and DFW lead John Hardaway said Assembly Park will also offer a connection to nature, as the company is developing a large park for the property with plans for dog parks, an outdoor event stage and a children’s play structure.
“Thanks to the city of Plano, the neighborhood, and our talented development and design teams for making Triten’s vision a reality,” Hardaway said in a statement. “We believe Assembly Park will offer residents, employers and the community an offering unlike anything in DFW, with a truly walkable, pedestrian- and family-friendly environment to gather, dine, collaborate and live with a focus on nature in an easily accessible and visible location.”
Plano Market Square Mall is located at the corner of East Spring Creek Parkway and K Avenue, just east of US 75. Triten announced final acquisition of the mall and the 26 acres of land on which it sits in late January. Plano City Council greenlighted a zoning change in December that allows for redevelopment.
Plano Market Square Mall was built in the 1980s and later operated as an outlet mall. It is within one of the areas identified as a village concept in the Envision Oak Point Plan, a broad development guide adopted in 2018 for the city’s eastern Oak Point area. The village concepts are meant to act as transitional buffers between more active mixed-use and commercial areas as well as single-family housing, according to the Envision Oak Point community vision map.
”We saw the potential to reinvent Plano Market Square Mall in the depths of the COVID[-19] quarantine,” Triten founder Scott Arnoldy said in a statement. “Working with the city to embrace the Oak Point vision plan’s designation of a village, we believe we have created a plan for a truly unique place to come work, live or dine in a thoughtfully conceived development made for the post-COVID[-19] lifestyle.”
In addition to the development’s planned green space, Assembly Park will be surrounded by bike paths connecting the site’s visitors to the surrounding community and leading to Plano’s Oak Point Nature Preserve, according to a Triten news release.
Earlier this year, Plano Director of Planning Christina Day told Community Impact Newspaper the redevelopment project would address a need for quality restaurants and engaging spaces in the city’s eastern Oak Point area.
“It provides an opportunity to really change the look and feel of that area just east of US 75,” she said.
More information about the project is available at www.assemblyparkplano.com.