TX developer plans 135-acre mixed-use complex for Dallas suburb

Dive Brief:

Houston-based developer Hines has announced its plans to build a 3.5-million-square-foot "live-work-play" mixed-use complex on a 135-acre site in the Dallas suburb of Allen, TX, according to the Dallas Business Journal.
The Strand, designed by architecture firm Gensler, will be built in three phases and will feature approximately 1.7 million square feet of office space, 380,000 square feet of retail and 300,000 square feet of residential space.
Developers said the office campus and other urban, walkable components of The Strand will give the suburb the "socio-cultural hub" it has been lacking thus far.

Dive Insight:

The northern suburbs of Dallas are booming right now, with billions of dollars of construction either completed, planned or underway.

Crews began work last month on the 262-acre, $1 billion Bayside mixed-use development in Rowlett, TX, which will feature an 8-acre Crystal Lagoon and 2 acres of artificial beaches on the shores of Lake Ray Hubbard. Developers will add a 1,000-boat marina to the lake and have also planned 1.5 million square feet of commercial space, 700 hotel rooms and 3,000 condos and apartments.

Building is also booming in the small town of Frisco, TX, which is home to a "$5 billion mile" of mixed-use development. The Dallas Cowboys moved its world headquarters there, which now sits in the team's Star in Frisco complex.

Also in the "$5 billion mile," work is underway at the $1.5 billion Frisco Station. When finished, that project will include an apartment tower, an additional 2,400 residential units, a 40-acre medical center, three hotels and hundreds of thousands of square feet of retail, dining and entertainment venues.

Prosper, TX, located just a few miles from Frisco, is also seeing significant development. Jerry Jones, the owner of the Cowboys, has started construction on a 500-acre, $1 billion mixed-use project called the Gates of Prosper. Crews have begun work on a 93-acre shopping center there, but residential, office and other retail components are part of developers' 20-year plan.