Likely to be located in Historic Downtown Plano, the scheme is a public-private partnership between Southern Land, NXT Capital, and the city of Plano. The scheme involves development of multi-family units as well as retail space.
The retail part of the scheme consist of development of 9,000 square-feet of retail space, which will be occupied by retailers like 7-Eleven. The residential part of the development involves development of 279 residential units, which will feature upscale and modern interior finishes.
In addition, the plans also includes development of a fitness facility, pool, and other conveniences that support active lifestyles as a part of the scheme. The community will enjoy proximity to the DART’s Downtown Plano Station, which is likely to offer convenience to the people.
Ground breaking on the scheme is scheduled for 22 August 2012, with completion pencilled for the first quarter of 2012. The estimated value of the scheme is more than $30 million.
