Allen approves huge mixed-use project on key U.S. 75 corner | Real Estate | Dallas News
Plans by architect Omniplan show high-rise buildings along the highways with a park and water feature in the center of the development.
The project will be built in several phases.
Howard Hughes acquired the Allen development site in 2010 when it bought a large portfolio of nationwide properties from mall company General Growth.
“Through our partnership with the city of Allen and Howard Hughes’ 40-plus years of experience of developing successful master-planned communities, we will be able to provide a progressive and flexible development approach, allowing future tenants to shape a campus to suit their specific needs,” Mark Bulmash, Howard Hughes senior vice president of development, said in a statement.
Monarch City — named after migrating butterflies that once were common on the property — is the latest in a series of big developments in Allen, which is about 15 miles north of Dallas.
“The zoning approval for Monarch City brings a first-class mixed-use opportunity to the Allen community,” said Dan Bowman, executive director of the Allen Economic Development Corp. “The long-term development plan is sustainable with planned central park and entertainment amenities that are critical to maintaining Allen’s amazing quality of life. It will also create quality jobs that allow our current and future residents to live, work and play within the same community.”
Commercial real estate firm JLL is marketing corporate sites in the project to potential tenants.
“Monarch City will be a comprehensive development with over 6 million square feet of office planned and designed to satisfy the needs of out-of-state companies looking to relocate to the area, as well as local firms,” JLL managing director Jeff Eckert said in a statement. “With this zoning approval, Monarch City is now available for pre-leasing for office tenants looking for Class A office space to start or grow their business in this prosperous community.”
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