Hines Announces New Mixed-Use Development in Allen
DALLAS, TX Hines announces The Strand, a new 135-acre corporate campus and mixed-use development located at 121 and Alma, in Allen, Texas.
Hines will transform The Strand site into a vibrant and diverse corporate campus and mixed-use neighborhood, complete with office space, supporting retail and urban residential options along a greenbelt and waterway. Master planned by Gensler and situated in a prime location just south of McKinney, Texas, the development will serve as a new socio-economic hub for the city of Allen, Texas, - offering the synergy of a diverse program, unparalleled site amenities and walkable spaces that attract the local public as well as nearby residents.
Phase One of The Strand will include approximately 200,000 square feet of office space, 80,000 square feet of retail space, urban residential options, and the beginnings of the greenbelt park space, all of which will be served predominantly by structured parking over about 35 acres. Phase Two and Phase Three will culminate with the complete build out of 1.5 million square feet of office, up to 300,000 square feet of retail, and urban residential options - 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.
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."