Developer outlines revised plan for 54-acre U.S. 75/Outer Loop site; council urges high-end gateway uses
Frisco developer John Kendall presented a revised concept Jan. 14 for 54 acres at the U.S. 75 and Collin County Outer Loop interchange that would reduce entitled multifamily from about 700 units to 350 and convert part of the site to retail and commercial, while donating roughly 3.2 developable acres for a hotel/conference venue in exchange for impact-fee relief.
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John Kendall, the property owner, presented a concept Jan. 14 for a 54-acre site at the U.S. 75 and Collin County Outer Loop interchange. The property was previously entitled for roughly 700 multifamily units and about 3.2 acres of commercial intended for a hotel and event center; Kendall told the council his partners say the multifamily development does not pencil at current construction financing rates without a public financing or fee concession.
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