Collin Creek redevelopment in Plano to keep growing through 2028
More than 200 Plano homeowners are already in Collin Creek, and 400 more lots are next as the former mall site’s buildout stretches into 2028.
The next visible payoff at Collin Creek in Plano is still years away: 400 more residential lots are set to be released to builder partners, the multifamily phase is expected to start in late third quarter or early fourth quarter of 2026, and that apartment buildout is projected to take 22 months, pushing major construction into 2028. The 99- to 100-acre former mall site near U.S. 75 and Plano Parkway already has 200 homeowners living there now.
The former Collin Creek Mall, which opened in 1981 and closed on July 31, 2019 after years of decline, is being turned into a mixed-use district with retail, housing, parks and other uses. Centurion American bought the property in 2018, Plano City Council approved a development agreement in July 2019, the city created Tax Increment Reinvestment Zone No. 4 in January 2020, and it approved a funding agreement in December 2020.
In 2023, a $67 million underground parking garage with nearly 2,000 spaces had been built, but more progress depended on drainage work, including three culverts or storm drains beneath the site that dated to the 1980s. The garage finished in March 2025, clearing the way for above-ground work on the east side, including the park, street network and other infrastructure. A drainage study later did not delay the project, but stormwater remains one of the biggest scheduling issues.
The redevelopment is expected to include about 300,000 square feet of retail, 40,000 square feet of restaurant space, 200,000 square feet of service space, 40,000 square feet of event space, a 200-room hotel and 1.3 million square feet of office space. The plan also includes about 500 attached single-family homes, 2,300 multifamily apartments, 300 independent living residences, 8.9 acres of city-owned parks and 1.6 miles of walking trails.
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