955 State Highway 121
Allen, TX 75013
15 Year Ebby Halliday | Berkshire Hathaway · Retail Property For Sale

PAD SITE IN FRONT OF PLANNED 470 UNIT APARTMENT COMMUNITY and LIFESTYLE CENTER ANCHORED BY CINEMARK -15 year corporate NNN lease with Ebby Halliday Realtors (Ebby Halliday was purchased in 2018 by Home Services Incorporated, a consolidated subsidiary of Berkshire Hathaway Incorporated. Tenant reimburses landlord for all expenses including management fee) -Headquartered in Dallas, Ebby Halliday Companies serves metropolitan Dallas-Fort Worth and surrounding communities with approximately 1,800 sales associates and staff operating in 35 offices in North Texas. Ebby Halliday is the largest residential real estate company in Texas -Class “A” 10,682 square foot retail/office building fronting Highway 121 at Watters Road -High end finish out, multiple offices, shared work space, conference rooms, and first class kitchen/common areas -Located just north of Star Creek, a four-phase, 529-acre, master-planned residential community in Allen. Home prices range from $500,000 to $1 Million -Allen’s population reached 104,636 residents in 2018, more than doubling from just over 45,000 in the year 2000. The City’s population is projected to reach 117,606 by 2023. Allen is the 27th fastest-growing city in the nation. -Allen is also located in one of the fastest-growing counties in the Dallas-Fort Worth metropolitan area. Collin County’s population reached 1,004,108 in 2017, and will reach 1,150,943 in 2022 "Developers in Allen have gotten the go-ahead to build an apartment community that will finish out an existing shopping center. The rental community will join a shopping center and Cinemark movie theater at the southeast corner of State Highway 121 and Watters Road. The new project will fill a more than 7-acre vacant tract in the middle of the development. Developer Dalcour Holdings LLC plans to build the 470-unit, four-story apartment project. “This property, for a while, has been the hole in a doughnut,” Allen Community Development director Marc Kurbansade said at a city council meeting to approve the apartments. “It’s going to provide that center some activation. “The folks that own the property on this site are excited to see this come through,” he said. “You want to create a space here where people want to be — that’s what’s missing.” The planned apartments will face an existing plaza area and include improvements to a nearby water feature. Along with the standard rental units, the development will include 30 “retail-ready” apartment spaces. “These are two-story live-work units,” Kurbansade said. The Brass Tap pub and Japanese and Mexican restaurants are within walking distance of the new apartment project. “We are very positive about this urban residential project,” said Dalcour Holdings representative Ron Murff. “We intend to deliver a high-quality project that will help activate this overall development and bring some life and activity.“We believe this will help finish out this shopping center.” Construction on the apartments is set to begin in early or mid-2020. Allen’s city council voted unanimously to approve the project" Twitter: @SteveBrownDMN