Craig International announces $200M mixed-use project for former Globe Life HQ

McKinney-based development company Craig International is redeveloping the former Globe Life headquarters campus into a $200 million mixed-use development called Rowlett Station.

In a nutshell

Craig International formally announced the project June 8, nearly a week after McKinney City Council members voted to rezone a portion of the campus for multifamily development. The campus is located on nearly 58 acres at 3700 S. Stonebridge Drive and includes 300,789 square feet of existing office space, according to a news release.

David Craig, founder and CEO of Craig International, said the former campus offers “exceptional scale, location and optionality.”

“Our vision is to create a transformative mixed-use destination that brings together residential, retail, office and lifestyle experiences in a way that creates long-term value for the community, our partners and future tenants,” he said in a statement.

The details

The campus will undergo a phased redevelopment that could exceed $200 million in total ad valorem value, according to the news release. Rowlett Station’s preliminary master plan includes apartments, retail and office space.

Plans also include a network of hike and bike trails that connect Stonebridge Drive to Eldorado Parkway and run throughout the development. Additional details about project partners, branding and phased development plans will be announced in the coming months, according to the news release.

Quote of note

McKinney Mayor Bill Cox said Craig International has played a “significant role” in shaping the city’s growth and identity “for decades.”

“David Craig and his team have consistently delivered projects with exceptional standards, vision and execution,” Cox said in a statement. “Rowlett Station is another example of the kind of investment that strengthens our economy and enhances our community.”

The background

The campus formerly served as Globe Life’s headquarters before it relocated to Henneman Way in 2025. Craig International won the bid to redevelop the property through a request-for-proposal process with Globe Life, according to the news release.

“As we evaluated the future of this campus, it was important to find a partner with the vision, experience, and ability to unlock its full potential,” said Dolores Skarjune, executive vice president and chief administrative officer for Globe Life. “Craig International presented a thoughtful and strategic plan for the site that respects its legacy while positioning it for its next chapter as a dynamic mixed-use destination.”