Hub 121

MCKINNEY, TX—With consumer demand at the forefront, coupled with riding the wave of the mixed-use frenzy sweeping the nation, a $120 million mixed-use project is coming to the 137-acre office park, McKinney Corporate Center Craig Ranch. Developer Shane Jordan has closed a deal for Hub 121, a 22-acre restaurant, retail and entertainment destination located at the northwest corner of SH 121 and Alma Road. Jordan is co-developing Hub 121 with Larry Masi.

“Hub 121 will be a multi-venue destination for all of McKinney and the North Texas area,” said Jordan. “We have a wow factor in mix of uses that will bring customers to Craig Ranch and programming to keep them here longer. People will come for coffee and yoga on the lawn in the morning, stay for lunch and shopping, and then dinner, live music and a movie with friends.”

Construction on phase one of Hub 121 will kick off in January 2018, with the first restaurants open by January of 2019. The first phase of Hub 121 will include a 40,000-square-foot restaurant park in three clusters with rooftop decks and connected pedestrian walkways to Independent Banks' 400,000-square-foot $52 million future headquarters campus. Walkways will also connect to the Parkside at Craig Ranch's 2,500-unit urban residential community, a 6,500-square-foot pavilion with a performance stage for live music and family movie nights, and 20,000 square feet of retail and 287 urban residences. The second phase of the project will have an approximate 100,000-square-foot office building, additional retail buildings and a hotel.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.