The $1 billion mixed-use development will transform the site of the old Collin Creek Mall and the surrounding area. The project will include 400,000 square feet of retail space, 500 single-family homes, 2,300 multifamily apartment units, 1.3 million square feet of office space and a 200-room hotel. An outdoor space will include 8 acres of parkland and more than a mile of trails.
The city of Plano expects to contribute $97 million to the project via revenue from a tax financing zone as well as through various bonds. The rest of the project will be funded privately. A groundbreaking event was held at the project site last September.
Peter Braster, Plano’s director of special projects, said demolition work is mostly complete, and construction on the underground garage is now underway. He said crews have recently been working to dig out the old foundation columns that held up many of the retail stores underneath the old mall to make room for the new parking garage.
“So Macy's and JC Penney and Sears—they all had these [columns],” Braster said. “They have been digging these things out forever because there’s a lot more than they thought.”
He said the next phase of construction will be to shore up the building's foundation and start constructing new walls that will be included in the development. After that, Braster said crews will start working on the utilities and roadways for the single-family neighborhood that is going to be located off Alma Drive.
Braster added that designs of the west side and east side parks are underway and that a public meeting will likely be held this April to unveil the new plans.
Plano officials released a Feb. 8 construction update on the project via a drone video on the city’s YouTube page. The full video can be seen below.
More info on the Collin Creek Mall project can be found on its official website.
