For those who love the charm and tight-knit community feel of Legacy in Plano and the Legacy Town Center, you may be excited to learn about the news that broke earlier this week about plans for a potential new 240-acre mixed-use development on the prime J.C. Penny acreage that lines Legacy Drive just west of the already established master plan.
According to a report from the Dallas Business Journal, Legacy in Plano’s original developer, Fehmi Karahan, has struck a deal to partner with J.C. Penny on a brand new $2 million mixed-use project called Legacy West, which should act as more of a continuation of Legacy Town Center as opposed to a competing community. Along with new multifamily homes, the initial proposal may call for more office space, additional retail space, a hotel, and likely more space specifically designed for corporate campuses.
As of now, specific details regarding the new Legacy West development have yet to be disclosed due to a confidentiality agreement between Karahan and J.C. Penny, but the land in which the project will be built has officially sold and just closed this past Wednesday. Stay tuned to learn more about Legacy West and what this may mean for the Plano, TX real estate market!
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