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Hines Starts 135-Acre Mixed Use Project Near Dallas: Coming Soon 1.5 MSF of Office, Plus Retail and Multifamily

DALLAS – Hines is developing The Strand, a new 135-acre corporate campus and mixed-use development that will include 1.5 million SF of office, 300,000 SF of retail, and urban residential along a greenbelt and waterway.

The Dallas-area site is located at 121 and Alma, in Allen, Texas. Master planned by Gensler and situated in a prime location just south of McKinney, the development will serve as a new hub for the City of Allen.

“The Strand on 121 in Allen is directly in the path of growth,” said Dan Bowman, CEO of the Allen Economic Development Corporation. “We continue to see strong office interest in the area and support this location as a corporate campus site.”

Hines first became known in the Dallas market for another successful mixed-use project, Galleria, which opened in 1982.

Hines is developing The Strand near Dallas. Gensler is master planner of the 135-acre project.









Phase One of The Strand will include approximately 200,000 SF of office space, 80,000 SF of retail space, urban residential options, and the beginnings of the greenbelt park space.

The development components will all tied together by a 10-acre greenbelt and trail system that draws users through the development and to Watters Creek with connection to the adjacent 75-acre Watters Branch Park project.

Bob Johnson, whose family has owned the land since 1965 and is partnering with Hines on the development.

Hines Managing Director Drew Steffen said, “The City of Allen has seen rapid growth in the region over the past several decades, but the north part of the city lacks an identifiable socio-cultural hub. With The Strand, we are creating a new center complete with unique urban walkability, activated public space, parks and plazas and unparalleled on-site amenities.”

May 13, 2017 Realty News Report Copyright 2017

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