Developers outline $558,000 plan for updated shopping center with local and national tenants

The McKinney Community Development Corporation recently discussed plans for revitalizing a local shopping center, aiming to enhance its appeal and economic viability. The proposed project, which carries a total cost of $558,000, is set to attract a mix of local and national retailers, with an emphasis on quality operators. The initiative is expected to significantly increase annual taxable sales, projected at $7.6 million, compared to the current underperforming status of the center.

During the meeting, officials highlighted that the shopping center currently has a tenant mix that includes non-taxable entities, such as a church and a charitable organization, which have limited its revenue potential. The redevelopment plan includes converting some open areas into leasable space, potentially adding around 4,000 square feet to the center's offerings.

Landscaping improvements were also discussed, with plans to introduce more greenery and aesthetic enhancements to combat the current "concrete desert" appearance. However, officials clarified that landscaping expenses would only be eligible for funding if they are part of disruptive improvements, such as water line installations.

Community members expressed support for the project, noting the need for an updated and visually appealing shopping area. The incorporation of local favorites alongside national brands aims to create a vibrant shopping environment that benefits both residents and the local economy.

As the project moves forward, the McKinney Community Development Corporation will continue to engage with stakeholders to ensure that the redevelopment meets community needs and enhances the overall quality of life in McKinney.