An approximate 4-acre assets, a part of the 135-acre mixed-use building referred to as The Farm, used to be bought by means of an condo builder.
The purchaser, an organization created by means of Maxus Properties, bought the land off State Highway 121 and Alma Road, county deed information display.
According to The Dallas Morning News, Maxus is a 36-year-old assets company that owns condo complexes in 9 states. In addition, the corporate manages 13,500 condo devices and greater than 470,000 sq. ft of business house. Maxus could also be an actual property funding accept as true with with houses in Frisco and Richardson.
Details from the condo itself have not begun to be launched, however The Farm is already swiftly rising. The space provides a spread of alternatives with Legacy most effective 7 miles away and the U.S. 75/George Bush at 9 miles. McKinney Corporate Airport is a 10-minute pressure and a travel to both Love Field or DFW Airport takes lower than 40 mins.
The Farm in Allen is anticipated to be one of the most greatest additions to S.H. 121. The building plans to have roughly 1.6 million sq. ft of place of business, 142,000 sq. ft of retail, a 150-room lodge, 60,000 sq. ft of eating places, townhomes and home devices.
It could also be house to the brand new leisure venue, The Hub. In addition to the venture, the improvement will characteristic a number of facilities designed for the communities that encompass it. Family-friendly parks, hike and motorbike trails, a lake with disregard seating and eating, play spaces and nature trails shall be during the improvement. Over 32 acres of open house can be supplied, together with the 16-acre greenbelt space alongside Watters Creek, which can stay a herbal wooded space.
The Farm additionally specializes in sustainability with options together with bioswales for drainage, bicycle upkeep stations, electrical car charging stations, local landscaping and leading edge irrigation programs shall be integrated into the venture.
