McKinney Public Hearing Reviews $50K Retail Development Grant for 380 Marketplace LLC

The McKinney Community Development Corporation held a meeting on August 28, 2025, to discuss retail development grant applications, focusing on two eligible applicants. The meeting began with a reminder that each applicant would have five minutes to present their proposals, followed by a question-and-answer session. The board plans to vote on these applications at their September meeting.

The first application discussed was from 380 Marketplace LLC, seeking a $50,000 retail development infrastructure grant for improvements at 2414 West University Drive. This amount represents 9% of the total project cost, which includes upgrades to exterior electrical systems, water line replacements, and site improvements for retail shopping.

During the presentation, a representative from 380 Marketplace LLC outlined their vision for transforming the property, which previously housed a bail bonds service, an adult daycare, and a church. The goal is to upgrade the tenant mix and create a more appealing retail environment. The representative noted that they had compensated the previous tenants to relocate within McKinney, emphasizing that the businesses were not being forced out but rather given support to move to new locations.

The proposed changes aim to enhance the area, moving it from a "C-class" center to a more desirable "A-class" retail space, which aligns with the city's vision for development. The representative expressed confidence in the project, highlighting the effort involved in revitalizing the site.

The meeting underscored the ongoing efforts by the McKinney Community Development Corporation to foster economic growth and improve the local retail landscape. Further discussions and decisions regarding the grant applications will take place at the upcoming board meeting in September.