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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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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