Site plans approved for Legacy Central in Plano

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.”