StreetLights to build 22-story luxury housing at former JCPenney site

The former JCPenney headquarters campus in Plano is moving from corporate symbol to high-end housing. StreetLights Residential plans a 22-story tower with 261 residences and three adjacent townhomes at 6501 Legacy Drive, a site that sits directly across from Legacy West and helps define the next phase of the city’s Legacy district.

The project, called The Parks at Legacy West, is part of the larger 107-acre redevelopment now known as The Park at Legacy. Plano City Council approved zoning for the mixed-use plan on Nov. 11, 2024, and later planning documents approved on April 7, 2025 showed a preliminary site plan with a 25-story residential building and three townhomes on one portion of the property. The broader vision calls for up to 750 residential units, office towers, a hotel, restaurants and more than 20 acres of open space.

StreetLights’ tower is designed for renters willing to pay for location and amenities. The company said the building will include a resort-style pool, sky lounge, fitness center, golf simulator, library, coworking spaces and concierge service. Its residential mix ranges from one-bedroom units of 682 to 960 square feet to two- and three-bedroom units from 1,143 to 2,568 square feet. The three townhomes will be three-bedroom, three-and-a-half-bath homes ranging from 3,283 to 3,316 square feet for lease.

For nearby residents and businesses, the project is about more than one building. The former headquarters, built by JCPenney in 1992 and covering about 1.83 million rentable square feet, has long been one of Plano’s most recognizable corporate campuses. Capital Commercial Investments acquired the property in 2021 and said it had already spent about $30 million on site improvements and renovations, keeping the existing structure and two parking garages as the property is repurposed around them.

The new housing also fits a broader shift in Plano, where older office land is being remade into mixed-use districts that can support more people living near shopping, dining and transit corridors. The campus’ location near SH 121 and Legacy Drive gives future residents immediate access to Legacy West while adding density to one of Collin County’s busiest commercial zones.

The public pieces of the campus plan are also starting to take shape. Plano City Council accepted a $15 million donation from Toyota Motor North America for a park on the property in November 2024. The park will be named Mendomi and is scheduled for completion by Dec. 31, 2028. Open space, trails, dog parks and a water feature are planned in later phases, reinforcing the project’s role as both a redevelopment and a reworking of what a legacy office campus can become.