McKinney’s Craig Ranch wrangles $130M in development

McKINNEY – McKinney’s Craig Ranch has completed more than $130 million in commercial real estate deals that will add new retail and office projects to the popular Collin County community.

Construction is underway on the Marketplace at Craig Ranch, a 100,000-sf shopping center at Custer and Stacy roads that will include a supermarket and additional retailers. Encore Enterprises Inc. has bought 20 acres for the retail center.

Development sites have also been sold for a Moviehouse & Eatery cinema near the northeast corner of Craig Ranch Pkwy and SH 121. The theater chain is building a 10-screen, 40,000-sf facility on the property, which will open late this year.

Sewell Automotive Cos. has also purchased 10.5 acres near the northwest corner of SH 121 and Stacy Rd. to build an Audi dealership. The dealership will be about 65,000 sf and will employ 100 people.

Construction is underway on the second, 333-unit phase of Craig Ranch’s Parkside luxury apartment community at Custer and Collin-McKinney roads.

“We are approaching $1 billion in value in Craig Ranch,” said developer David Craig.

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