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JCPenney HQ Redevelopment Greenlighted
The former JCPenney headquarters is set for redevelopment. The Plano City Council approved zoning for a 107-acre mixed-used project proposed by Capital Commercial Investments, which acquired the headquarters in 2021.
To be known as The Park at Legacy, the project includes:
- Renovation of the existing office and garage buildings
- Up to 750 mid-rise residential units
- 4 new office towers
- 4 restaurants
- 1 hotel
- 1 mixed-use building
- 21 acres of open space
The two residential towers will feature high-end apartments developed by StreetLights Residential
Community Impact reports that the residential development will be divided into two phases. The first phase will include up to 365 residential units and open spaces, including two dog parks, 1.5 miles of trail and sidewalk and a courtyard space. The second phase will include 385 residential units, at least 4 acres with a water feature and a further 1.5 miles of trails, including those around the water feature.
Since purchasing the property, the company has spent $30 million on site improvements.
- ◦Development
