The Future of Allen: The 121 Corridor

The Future of Allen

The 121 Corridor

It’s no secret Allen is growing.

But what is one of the best kept secrets is that Allen has been steadily putting in place the amenities that will attract the relocation of the next Fortune 1000 headquarters. With over $400 million in projects coming online in 2018, Allen is moving into the next stage of its evolution.

To help share the news, Allen recently hosted over 250 commercial real estate developers and brokers to update them on the latest projects. Attendees received updates on the latest happenings on the US-75 corridor and the 121 Corridor.

For the second year in a row, we’re making the content of the event publicly available to let everyone learn about the exciting developments already underway and coming up on the horizon.

“Everyone always says they have a unique feeling when they come to Allen. That unique feeling is because we don’t always jump for the first thing: we work with developers to make a great project and make a great value for the citizens of Allen at the same time.”

Honorable Steve Terrell
Mayor
City of Allen

Watters Creek Update

This video provides an update on the projects under construction in the Watters Creek District on US-75, including One Bethany at Watters Creek and the Watters Creek Convention Center and Delta Hotels by Marriott.

The video features interviews with:

  • Steve Terrell, Mayor of the City of Allen
  • Dan Bowman, Executive Director/CEO, Allen Economic Development Corporation
  • Derrick Evers, Partner, Kaizen Development Partners

“We like creating experiences with our developments. The City of Allen has allowed us to explore different ways to experience that with our tenants and clients.”

Derrick Evers
Managing Partner / Chief Executive Officer
Kaizen Development Partners

121 Corridor Update

This video provides an update on the projects being planned and underway along the 121 Corridor, including Monarch City, the Collin College Technical Campus, and The Strand.

The video features interviews with:

  • Steve Terrell, Mayor of the City of Allen
  • Dan Bowman, Executive Director/CEO, Allen Economic Development Corporation
  • Mark Bulmash, Senior Vice President-Development, The Howard Hughes Corporation

“I consider the 121 Corridor to be the final frontier of Allen.

Honorable Steve Terrell
Mayor
City of Allen

Monarch City

The Howard Hughes Corporation, one of the most experienced developers in creating mixed-use environments in the country, recently announced plans for Monarch City, a 270-acre mixed-use development at the corner of Central Expressway (US-75) and Sam Rayburn Tollway (SH-121).

Monarch City will feature up to 9 million SF of corporate campus facilities, urban residential units, and retail and retail hospitality. The vision for Monarch City is to create a unique urban environment that combines the walkability desired by today’s corporate users with the high quality of life of the area.

The Strand

Hines, one of the largest global development firms, is planning The Stranda 135-acre mixed-use development along State Highway 121.

The high-density project will include over 3.4 million SF of corporate offices, urban residential units, and retail, centered around central green space and a  direct connection to the Allen trail system.

“Visitors will experience The Strand as an urban fabric that’s seamlessly woven with the natural landscape.”

Drew Steffen
Managing Director
Hines

Watters Creek Convention Center and Delta Hotels by Marriott

The new Watters Creek Convention Center and Delta Hotels by Marriott Dallas/Allen is under construction and scheduled to open in Q4 2018.

Delta Hotels’ brand is “simple made perfect”, or put another way, “the bare maximum.” By focusing on the essentials of travelers who are constantly on the go, Delta Hotels is able to create superb quality and experience where it really matters: like premium bedding and towels, really good showers, free in-room wi-fi and bottled water.

The Allen location is unique in that it will be the first ever built by Delta Hotels by Marriott from the ground up and will serve as the company’s new-build flagship in the United States.

New Development Updates & Map

Dan Bowman, the Allen EDC’s Executive Director/CEO, also gave a map presentation that highlighted the latest developments on both US-75 and SH-121.

Click here to open the story map in a new window, or click here to open the video.

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