PLANO - A $2 billion mixed-use development is in the works for Plano. J.C. Penney has partnered with three real estate companies to develop 240 acres around its headquarters, located at 6501 Legacy Dr.
The team plans to put high-rise offices, a hotel, apartments and shops in Legacy West and create a development similar to Legacy Town Center. The initial phase of construction is expected to begin in the next 12 months.
The partnership includes the Karahan Co., Columbus Realty, and KDC.
Penney has owned the Plano land since 1987, when it moved from New York.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.