A red-brick cotton mill a mile from downtown McKinney is an historic part of the city’s past. And now it’s slated to be a key destination in the city’s future.
Texas-based multifamily investment firm Presidium has gotten preliminary site approvals from the city to build 1,200 apartments as part of a development that will ring the 113-year-old mill, according to the Dallas Morning News—along with 200,000 square feet of office and retail and a projected economic impact of $933 million.
The 28-acre mixed-use community will feature a coworking space, fitness centers, game rooms, swimming pools, and tenant lounge areas, with 27 artist lofts also part of the plan. Three acres are being set aside for playgrounds, public events, and space for food trucks to roll up and serve their offerings.
Sasaki Associates is working with Presidium as the project planner.
“The Cotton Mill plan offers a catalytic opportunity for McKinney,” said Sasaki’s Martin Zogran, according to the DMN’s Steve Brown. “It promises to be a place that honors the historic roots of the site and its storied past while embracing its current role as a dynamic arts hub. It will be a year-round draw for locals and out-of-town visitors alike.”
“Taking on a project of this magnitude would be nearly impossible without the collective insight and dedication of the McKinney community, especially the Casey Family, Eastside Pastors, Parks and Recreation, and the McKinney Economic Development and Community Development Corporations,” Presidium’s Josh Eames said in a statement.
“We look forward to honoring the Cotton Mill’s legacy while laying the foundation for McKinney’s vibrant future,” Eames added.
Groundbreaking for the project is slated for next year, with final completion of all elements planned by 2030, the DMN reported.
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