A luxury hotel tower, corporate office space, an urban shopping center and apartments — those are part of what’s planned for one of Plano's new real estate projects. Developers who will break ground soon on almost 240 acres at the Dallas North Tollway and State Highway 121 in West Plano aren’t wasting any time getting the huge real estate project in gear. Construction will start in the next few months on the first phase of the Legacy West project.
The property, divided into four huge blocks fronting on the tollway and Highway 121, has remained vacant since Penney built its corporate offices in the 1980s. Now Karahan Cos., corporate office developer KDC and apartment builder Columbus Realty Partners will develop the land in partnership with Penney.
Just a month after committing to the deal, the firms are ready to start work on the first office buildings, and a hotel tower is on the drawing boards. One of the first phases of construction there will be a high-rise Renaissance Hotel on Legacy Drive just west of the tollway. The hotel project has the backing of the family that owns the hugely successful Sam Moon retail firm. The almost 300-room hotel will be joined with shopping, apartments, condominiums and office space along the west side of the tollway. (3/13/14)