Centurion American Unveils $1B Redevelopment for Collin Creek Mall
Resident of Plano have gotten their first look at Centurion American Development’s proposed $1-billion redevelopment of the struggling Collin Creek Mall. Centurion bought the 37-year-old mall in December, with plans to add thousands of residential units.
“We are going to have about 450,000 square feet of restaurants and shops,” Centurion American CEO Mehrdad Moayedi said before a community meeting last week. “We are going to have a food hall, and we are going to have a movie theater.”
However, he added, “To make the retail and restaurants we have planned work, we need the residents there.”
Centurion American plans to add more than 500 single-family homes, along with over 3,000 apartments. The Collin Creek redevelopment also entails over one million square feet of office.
The developer, which has also pursued redevelopment projects in downtown Dallas, intends to work with Plano residents and city planners to refine the Collin Creek plan.
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