Allen EDC Update on Watters Creek & US 75
Presented by: Daniel Bowman Executive Director, Allen EDC
1
Presented by: Daniel Bowman Executive Director, Allen EDC
Watters Creek District
2
Watters Creek District
One Bethany & One Allen Center
3
Watters Creek District Site Map
Watters Creek Office Park
Watters Creek Village
Allen Tech Hub
4
Watters Creek District
Watters Creek Village
5
Watters Creek District
Watters Creek Village
6
Watters Creek District
Watters Creek Village
7
Watters Creek District
Watters Creek Village
8
Watters Creek District
Watters Creek Village
9 Watters Creek District Class A Office Watters Creek Office Park Allen Tech Hub 4 Stories | 102,000 SF Marriott Hotel & Convention Center 1.2 million SF of Class A Office
Watters Creek District
Allen Tech Hub
Allen Tech Hub Complete
• 105,000 SF Class A tech-friendly office building on the south side of Watters Creek
• Four stories with 25,000 SF floor plates
• 9,000 SF healthcare tenant
10
11
Watters Creek District Watters Creek Office Park
Watters
One Bethany West Major Office Tenant Leases
MD7
Mobile networking HQ from San Diego, bringing 200 jobs
Micron Technologies
Design engineering operations with up to 200 employees
Newline Interactive
A/V technology company relocation
Highlands Residential Mortgage
Premiere mortgage lender / sales office
12
Creek District One Bethany at Watters Creek
• Divisional Headquarters for Resi
• Relocating Employees from Out of State
• Donor-management & video streaming
• Expanding to 250 employees
• US Headquarters for Spanish AI software developer
• Expanding to 100+ employees
13 Watters Creek District One Bethany at Watters Creek
14
Watters Creek District
One Bethany at Watters Creek
15
One
at
Creek
Watters Creek District
Bethany
Watters
16
Watters Creek District
One Bethany at Watters Creek
17 Watters Creek District One Bethany at Watters Creek
One Bethany North One Bethany Central
Future of One Bethany… Land Owned by Allen EDC
18 Watters Creek District One Bethany at Watters Creek
19
Watters Creek District
Marriott Hotel & Convention Center
HEB Construction - Opening Late Summer 2023
20 US 75 Corridor HEB Aerial
• Craft brewery, entertainment & restaurant renovation
• Located at 9 Prestige Circle, off Bethany Drive, east of US 75
• Dining & patio seating
• Family-friendly entertainment, shuffleboard, pickleball areas
21 US 75 Corridor Armor Brewing Co.
• Relocation of Headquarters, R&D, Test Labs, Production and Warehouse
• Absorbed 300,000 SF of office and industrial
• Growth to 500 employees
22 US 75 Corridor Sol-Ark Relocation
97,496 SF Plug and Play Office
Glass Atrium and Multiple Outdoor Amenities
Close Proximity to Watters Creek
23 US 75 Corridor Office Available
505 Millennium Drive
Office Availability:
US 75
Allen Exchange Business Center
• 50,000+ SF Building at Exchange & 75
• Two Additional 10,000+ SF Buildings
• Flexible finish-out to adjust office & warehouse
to meet tenant needs
24 US 75 Corridor Office Available
SF
Data Center Projects
25 US 75 Corridor Data Centers
Cisco
CyrusOne Compass
Compass Datacenters
26 US 75 Corridor Data Centers Phase 3 Additional Acreage Allen Commerce Pkwy TierPoint Sites Expansion Sites Pod 1 (existing) Pod 2 (planned) Pod 3 (planned) Pod 4 (existing) Pod 5 (future) Pod 6 (future)
Phase 2 Phase 1
CyrusOne
Downtown Allen
27 Downtown Allen Aerial US 75
Downtown Allen
Committee of citizens created a plan for Downtown
Opportunities exist for real estate investors and developers to participate in the revitalization of Downtown Allen
28 Downtown Allen Proposed Site Plan
Original buildings on Main Street in Allen, Texas
29 Downtown Allen Main Street
Downtown Allen
30 Downtown Allen AEDC Owned Land Opportunity for Entertainment, Restaurant & Retail: Redevelopment of Old Fire Station
31 Downtown Allen AEDC Owned Land
Drive Opportunity for Entertainment, Restaurant & Retail: Redevelopment of Old Post Office
Boyd
32 Downtown Allen Comprehensive Plan
Renderings
33
Downtown Allen
Renderings
34
Downtown Allen
Renderings
35
Downtown Allen
Allen EDC Update on SH 121 Corridor
Presented by: Daniel Bowman Executive Director, Allen EDC
36
1. TRAMMELL CROW
60 acres
2. ALLEN GATEWAY
North American Properties - 75 acres
3. THE AVENUE
Thakkar Developers - 80 acres
4. THE FARM
JaRyCo Development - 135 acres
5. ELKINS
108 acres
6. ALLEN EDC OWNED LAND
15 acres & 23 acres
7. PRODIGY PARK
Heady Investments - 10 acres
8. 121 TECH PARK & MIXED-USE
Stillwater Capital - 75 acres
9. SLOAN CORNERS
Billingsley Co. - 261 acres
37
In Allen SH 121 Corridor
Developments
60 acres
North American Properties - 75 acres
Thakkar - 80 acres
JaRyCo Development - 135 acres
108 acres
15 & 23 acres
Heady Investments - 10 acres
8. 121 TECH PARK & MIXED-USE
Stillwater Capital - 75 acres
Billingsley Co. - 261 acres
38
Trammell Crow & Allen Gateway Site Map
1. TRAMMELL CROW
2. ALLEN GATEWAY
3. THE AVENUE
4. THE FARM
5. ELKINS
6. ALLEN EDC OWNED LAND
7. PRODIGY PARK
9. SLOAN CORNERS
Trammell Crow and Allen Gateway
Office: 750,000 – 1,000,000 SF
Retail/Entertainment: 330,000 SF
39
Site Plan
Trammell Crow & Allen Gateway Combined
Retail Trammel Crow Retail 01. Trammell Crow Office: 120,000 SF ESTIMATES Retail: 181,000 SF Hotel: 96 Rooms
41
Overview Office Significant Grocer Urban Residential Retention Pond
Crow ESTIMATES Office: 120,000 SF Hotel: 96 Rooms Ret/Rest: 62,180 SF Grocery: 118,900 SF UrbanRes: 1,260 Units TH: 102 Units Custer Road & SH 121 60 Acre Project Retail Hotel
Trammell Crow
Trammell
Townhomes
02. Allen Gateway at Twin Creeks
Office: 650,000 SF
ESTIMATES Retail: 147,000 SF Hotel: 430 Rooms
43 Allen Gateway Site Plan 1 6 2 3
1. Cope Tower
6. The Ranch at Allen: Katy Trail Ice House Hines Office Project
2. 10 acres available for mixed-use
4 5
3. Phase 1 Urban Residential
4. Retail Paradigm
5. Former Plush Hotel Site
44
Allen Gateway Cope Tower
45 Allen Gateway 10-Acre Mixed-Use Site
North American Properties
Phase 1
46
Allen Gateway Aerial
47
Allen Gateway Retail Paradigm
48
Allen Gateway
Katy Trail Ice House Ranch
Katy Trail Ice House and Hines
49 Allen Gateway The Ranch at Allen RowlettCreek Office A 100,395 SF Office B 80,079 SF SH
121
GARAGE 50 Allen Gateway The Ranch at Allen
60 acres
2. ALLEN GATEWAY
North American Properties
75 acres
Thakkar - 80 acres
JaRyCo - 135 acres
108 acres
10 acres
8. 121 TECH PARK & MIXED-USE
Stillwater Capital - 75 acres
9. SLOAN CORNERS
Billingsley Co. - 261 acres
51 The Avenue Site Map
1. TRAMMELL CROW
3. THE AVENUE
4. THE FARM
5. Elkins
6. Allen EDC owned land
7. 121 TECH PARK & MIXED-USE
03. The Avenue Office: 1,000,000 SF ESTIMATES Retail: 280,000 SF Hotel: 300 Rooms
53 The Avenue Infrastructure Office #1 Office #2 Retail/ Ent Retail/ Ent Parking Garage Hotel Urban Res Urban Res Urban Res Urban Res Future Office/Retail Alma Drive SH 121
54 The Avenue Site Plan
1. Office/Retail Plaza
2. Office/Retail Future
3. Hotel
SH 121 Alma Drive 1 2 3 4 5
4. Neighborhood Retail
5. Townhomes
6
6. Urban Residential
55 The Avenue Infrastructure
56 The Avenue Aerial
The Avenue
1. TRAMMELL CROW
60 acres
2. ALLEN GATEWAY
North American Properties - 75 acres
3. THE AVENUE
Thakkar - 80 acres
4. THE FARM
JaRyCo Development - 135 acres
5. ELKINS
108 acres
6. ALLEN EDC OWNED LAND
15 & 23 acres
7. PRODIGY PARK
Heady Investments - 10 acres
8. 121 TECH PARK & MIXED-USE
Stillwater Capital - 75 acres
9. SLOAN CORNERS
Billingsley Co. - 261 acres
57 The Farm in Allen Site Map
Office: 1,600,000 SF ESTIMATES Retail: 200,000 SF Hotel: 150 Rooms Multi-Family: 2,400 units
04. The Farm in Allen
The Farm in Allen
Awarded “Best Mixed-Use Development” by Dallas Business Journal in April 2022
• 32 Acres of Open Space
• Low Density Central District
• 16 Acre Natural Green Belt
• 2.5 Miles of Hike and Bike Trails
59 The Farm in Allen Overview
THE FARM IN ALLEN
60 The Farm in Allen Site Plan
Office Campus
Retail
Neighborhood
The Farm in Allen
The HUB: West Lake Park: High 5: Chicken N Pickle:
Opened Nov 2022
Completed Spring 2023
Opening Spring 2024
Opening Fall 2024
FarmWORKs One: Alta: Waters Edge: Alta 2: Retail:
Opening Summer 2024
Just Completed Lot Construction Summer 2023
Commencing Construction
Design Underway
61 The Farm in Allen Master Plan
The Farm in Allen
The HUB & Shared Garage
West Lake Park & Boardwalk
Restaurants
Neighborhood Retail
62 The Farm in Allen Aerial
High 5 Chicken N Pickle FarmWORKs
Townhomes Initial Urban MF
63 The Farm in Allen West
Park Rendering
Lake
West Lake Park & Boardwalk
Restaurants
•1.5 Acre Lake
•Five Restaurants with Lakefront seating
•Connect with city hike and bike trails
64 The Farm in Allen West Lake Park & Boardwalk
65 The Farm in Allen FarmWorks One Rendering • Three story Class A Office Building • 30,000 SF Floor Plates • Broke ground Summer 2023 • Delivering Summer 2024 FarmWORKs One
66 The Farm in Allen Entertainment District Rendering
The HUB
Opened November 2022
• 23,000 SF indoor/outdoor food hall
• Event lawn space and plaza
• 10 restaurants and multiple bars
• 15,000 SF, 2-story covered dining pavilion
• 25’ LED screen
• Daily Programming: Live music, movie showings, DJ dance parties, backyard sports bar, family-friendly fun & special events
67 The Farm in Allen The HUB
68 The Farm in Allen The HUB
High5 Entertainment
• Austin-based family entertainment chain
• 24 bowling lanes & lounge
• 2-story laser tag arena
• Ax throwing
• Event spaces
• Escape rooms
• Miniature golf course
69 The Farm in Allen High 5 Entertainment
Opening Fall 2024
Confidential Information, High Five Entertainment, LLC
Chicken N Pickle
• Indoor/outdoor entertainment complex including a casual chef-driven restaurant & sports bar, pickleball courts and yard games
• Founded in Kansas City, MO in 2016
• Rooftop dining, corporate and social event spaces
71 The Farm in Allen Chicken N Pickle
Opening Fall 2024
Elkins Site and AEDC Owned Land Site Map
1. TRAMMELL CROW
60 acres
2. ALLEN GATEWAY
North American Properties - 75 acres
3. THE AVENUE
Thakkar - 80 acres
4. THE FARM
JaRyCo Development - 135 acres
5. ELKINS
108 acres
6. ALLEN EDC OWNED LAND
15 & 23 acres
7. PRODIGY PARK
Heady Investments - 10 acres
8. 121 TECH PARK & MIXED-USE
Stillwater Capital - 75 acres
9. SLOAN CORNERS
Billingsley Co. - 261 acres
73
123 combined acres (west of Stacy Rd)
23 acres (east of Stacy Rd)
Focus: Entertainment, Hotel/Hospitality and
AEDC 15 Acres Elkins 108 Acres AEDC 23 Acres
Elkins Tract 06. AEDC Owned Land
Retail-Drivern Mixed-Use Projects
05.
1. TRAMMELL CROW
60 acres
2. ALLEN GATEWAY
North American Properties - 75 acres
3. THE AVENUE
Thakkar - 80 acres
4. THE FARM
JaRyCo Development - 135 acres
5. ELKINS
108 acres
6. ALLEN EDC OWNED LAND
15 & 23 acres
7. PRODIGY PARK
Heady Investments - 10 acres
8. 121 TECH PARK & MIXED-USE
Stillwater Capital - 75 acres
9. SLOAN CORNERS
Billingsley Co. - 261 acres
75 Prodigy Park Site Map
SF of Light Industrial/Flex Space in 2 Buildings
07. Prodigy Park ESTIMATES 150,000
77 Prodigy Park Site Plan
1. 70,000 SF of Light Industrial/Flex on SH 121 Frontage (available for lease or purchase)
1 2
2. Omnilife US Headquarters
Prodigy Park
Omnilife in Prodigy Park
• Manufactures, markets and distributes nutraceuticals/sports supplements
• Mexico based
• US Headquarters & distribution center
• 83,500 SF
• 40,000 SF office
• 140 employees
• $20 million Capex
78
Omnilife
Prodigy Park
60 acres
North American Properties - 75 acres
Thakkar - 80 acres
JaRyCo Development - 135 acres
108 acres
15 & 23 acres
Heady Investments - 10 acres
& MIXED-USE
Stillwater Capital - 75 acres
Billingsley Co. - 261 acres
80
Site
121 Tech Park & Mixed-Use
Map
1. TRAMMELL CROW
2. ALLEN GATEWAY
3. THE AVENUE
4. THE FARM
5. ELKINS
6. ALLEN EDC OWNED LAND
7. PRODIGY PARK
8. 121 TECH PARK
9. SLOAN CORNERS
08. 121 Technology Park Stillwater Capital Project ESTIMATES Light Industrial/Flex Buildings: 736,735 SF (7 Buildings Planned)
Phase 1
• 4 Buildings – Total 370,000 SF
• Construction has begun
• Complete in 2024
82 121 Tech Park & Mixed-Use Site Plan
84
Site
121 Tech Park & Mixed-Use
Map StacyRoad Chelsea Blvd Mixed Use
Stream Realty Office Building
85 121 Tech Park & Mixed-Use Stream Mixed-Use Site Plan
86
121 Tech Park & Mixed-Use Stream Mixed-Use Renderings
87 121 Tech Park Stream Mixed-Use Rendering
1. TRAMMELL CROW
60 acres
2. ALLEN GATEWAY
North American Properties - 75 acres
3. THE AVENUE
Thakkar - 80 acres
4. THE FARM
JaRyCo Development - 135 acres
108 acres
6. ALLEN EDC OWNED LAND
15 & 23 acres
7. PRODIGY PARK
Heady Investments - 10 acres
8. 121 TECH PARK & MIXED-USE
Stillwater Capital - 75 acres
9. SLOAN CORNERS
Billingsley Co. - 261 acres
88 Sloan Corners Site Map
5. ELKINS
09. Sloan Corners Class A Office: 6+ Million SF ESTIMATES Retail: 350,000 SF Hotel: 400+ Rooms
Largest Developable Site at the Intersection of Two Major Highways
90 Sloan Corners Aerial
91
Sloan Corners Overall Rendering
92 Sloan Corners Sloan Corners & Sloan Corners East
Allen: 261 Acres
Fairview: 219 Acres
93 Sloan Corners Entertainment Renderings
Entertainment Family Friendly Activities
94
Sloan Corners Cypress Watters
Waterfront Dining Outdoor Dining
95 Sloan Corners TIRZ/TIF Financing
TIRZ Zone # 4 in Place
Sloan Corners Infrastructure Investment
Ridgeview Drive Reconstruction
Full infrastructure build-out: $150M+
• Will allow a fifth lane on US 75
• $45.9 project funded by TxDOT
• Finished by Summer 2024
96
Sloan Corners
Overpass Bridge Construction
Sloan Corners: Phase 1
97 Sloan
Master Plan
Corners
Phase 1 Office
98 Sloan Corners Phase 1 Office Renderings
99 Sloan
Art & Infrastructure
Acquired Infrastructure to commence construction Q1 2024
Corners
Sloan Corners: Monument Sculptures