This rendering shows what is expected to take the place of the former Texas Instruments campus at US 75 and Legacy Drive. Legacy Central will consist of office space, a hotel and a mix of retail and restaurants. The property will also be home to a multifamily development.[/caption]

The Plano Planning and Zoning Commission reviewed two revised site plans at a Nov. 7 meeting for an expansive mixed-use development expected to replace the former Texas Instruments campus off US 75 in Plano.

Located west of US 75 and south of Legacy Drive, the campus’ 84 acres will be transformed into a mix of multifamily housing (750 units), an undetermined number of retail and dining businesses with open space and walkability features.

Named Legacy Central, the development will also feature a boutique hotel with 125-175 rooms, which will be the centerpiece of the development, according to city planning documents. Rezoning for the development will take place at a later date complete with a public hearing.

The TI campus had been at this location since the mid-80s. Regent Properties acquired the property in December 2015 and plans to invest more than $75 million in the new development.

The Los Angeles-based real estate investment and development firm has tapped Trammel Crow Residential as one of the developers, which has built several luxury multifamily communities in Dallas.

A large green space located on the eastern side of the property will also serve the area similarly to Klyde Warren Park in Dallas, Regent Properties Vice President Sam Kraus said.

“We’re hoping this will be a major catalyst for future development along the [US 75] corridor,” he said.

The five existing buildings on the property will be retrofitted while undeveloped land will be readied for the restaurants, hotel and retail, as well as additional mid-rise office buildings in the future, according to Regent Properties.

The first of the rebuilt office buildings will be ready next year with the rest of the project to be complete in 2018 or 2019, Kraus said.

The city’s future land use map supports a mix of development; however residential development is generally not considered appropriate without the proper setbacks.

“Locating housing on the west side of the property would place it behind the existing building and further from the impacts of the expressway,” stated a city staff report. “This would also place the new residences in proximity to the existing single-family residential development on the west side of Chase Oaks Boulevard.”