McKinney permits more than $1.1 billion in industrial projects

McKinney has permitted more than $1.1 billion in industrial projects across multiple sites, with the heaviest concentration around McKinney National Airport and FM 546. The pipeline includes CapRock Partners’ McKinney Air Business Park, a roughly 250,000-square-foot, two-building development on 15.3 acres, and a growing cluster of airport-adjacent infrastructure that is reshaping the city’s development map.

CapRock broke ground on the business park, and Colliers lists McKinney Air Business Park as an industrial-for-lease property on FM 546. The airport corridor has also been a live planning area for months: on March 18, 2025, the McKinney Economic and Community Development Corporations approved bonds for infrastructure tied to commercial development at McKinney National Airport. The airport’s construction updates also list a North Runway Extension, a Commercial Terminal and a Taxiway C and FM 546 Roundabout. A Texas Department of Licensing and Regulation project filing puts the commercial terminal at 1910 FM 546 with an estimated cost of $74 million.

The permitting surge fits into a larger development wave in McKinney. The city’s 2025 Annual Development Report, published Feb. 19, 2026, said McKinney added more than $1.3 billion in new construction value. The McKinney Community Development Corporation says it has invested over $330 million since its creation in April 1996, and its grants page says it has awarded over $330 million in grants since 1996, using half-cent sales tax revenue to support local projects and initiatives.

For businesses, the payoff is a broader commercial tax base and more room for construction, logistics and manufacturing jobs. For residents, the tradeoff is more concrete: a 250,000-square-foot industrial park, a $74 million terminal and airport-area road work point to heavier truck traffic, more pressure on FM 546 and nearby corridors, and a visible shift in land use around the airport from open or lower-intensity parcels toward industrial frontage.

That competition for industrial capital is already showing up in headline projects. On July 13, 2026, the City of McKinney announced a $919 million LITEON investment and more than 600 new jobs, calling it one of the largest private investments in the city’s history. Together with CapRock’s business park and the airport infrastructure around FM 546, the permits show McKinney pulling in manufacturing and logistics investment at a scale that is changing both the city’s tax base and its road network.