The development of McKinney’s town center took another step forward on Tuesday. The city council unanimously approved a motion to grant authority to the city manager’s office to negotiate with two developers on plans for city-owned land in downtown McKinney.
Four developers presented plans for the city-owned land in April. From those four developers, the city has narrowed the field down to two, Zenstar Development and InTown Homes. City Manager Jason Gray will now begin discussions with the two developers on their plans for McKinney’s town center.
The developers presented their prospective plans in April. The presentations showed a mix of residential, dining, entertainment, retail, parking, city buildings, single-use and mixed-use buildings.
Below are details from the initial presentations of the two selected developers:
- Comprehensive development of all of the city-owned land, including the area North of downtown near the intersection of Tennessee Street and Hunt Street as well as the nine acres South of downtown along Highway 5 near Davis Street
- The developer hopes to bring in people to make the downtown area more viable
- The residential units would feature apartments and townhomes with live/work units downstairs and roof deck units
- The residential units would be green and sustainable homes
- The target market for the residential would be ages 25-64
- The plans also called for a potential new city hall and apartments on the nine acres South of downtown with a shared parking garage
- The developer also hopes that place a grocery store into the space as an anchor for retail development
- Comprehensive development of the nine acres South of downtown along Highway 5 near Davis Street with a fully integrated master plan
- The plans call for an urban style area emphasizing community connectivity and walkability
- The development would contain residential, retail and office space
- There is also a structured parking option
- The development would also have an amphitheater and park space
- The developer plans to have the entire nine acre site and the downtown area function as one cohesive site
- The development would feature apartments and homes for all levels of income
- The development would also feature city buildings, public art and a grand roundabout to draw people into the space