PLANO, Texas — This article was originally published by our content partners at the Dallas Business Journal. You can read the original article here . The former site of JCPenney's office oasis in northwest Plano is set for a billion-dollar facelift.
The Park at Legacy project will transform the 107-acre site into a vibrant mixed-use community featuring up to 750 multifamily units, five townhomes, five office towers, a 10-story hotel, 21-acres of open space and four restaurants. A 5-acre city park, funded by a $15 million donation from Toyota and $4 million from the city of Plano, is also planned. The park, called "Mendomi Park," translates to "taking care of workers like family," reflecting a post-COVID trend where employers prioritize locations that enhance their employees' quality of life.
The site is near a future 217-key Japanese-inspired hotel. The two 20- to 22-story residential towers will feature luxury apartments developed by Dallas-based StreetLights Residential. The facilities will be similar to the McKenzie at 3140 Harvard Ave.
and rents could start at around $4,000 per month, according to Community Impact. Construction on the residential component will occur in two phases: the first with 365 residential units, 8.5-acres of open space, two dog parks, 1.
5 miles of trails, and a courtyard; and the second with 385 units, a 4-acre pond, a 250-room hotel, and an additional 1.5 miles of trails. According to previous Dallas Business Journal reporting, the overall redev.