THE VILLAGE AT MCKINNEY - Henry S. Miller | Texas' … Village at McKinney is located in a key area...
Transcript of THE VILLAGE AT MCKINNEY - Henry S. Miller | Texas' … Village at McKinney is located in a key area...
THE VILLAGE AT MCKINNEYMCKINNEY, TEXAS
PREMIER MIXED-USE DEVELOPMENT OPPORTUNITY
OFFERING SUMMARY
HSM • 2
Henry S. Miller’s Strategic Advisory Group, as exclusive advisor, ispleased to present to qualified developers and investors theopportunity to acquire The Village at McKinney, a premierdevelopment site located in the heart of Collin County, one of thefastest growing counties in the country. The Village at McKinney iscomprised of four contiguous tracts representing 76.2 acres of entitledland that is primed for new mixed-use development. McKinney wasrecently ranked as “#1 on the Best Places to Live in America” by MoneyMagazine. The City of McKinney has designated The Village atMcKinney as a High Priority property for new development to supportthe rapidly growing residential and business communities in the city.
McKinney is the second fastest growing city in Texas experiencing rapidresidential development, commercial expansion and corporaterelocations. The Village at McKinney provides a developer the uniqueopportunity to participate in the area’s continued transformation.
The property’s prominent location on U.S. Highway 75, its excellentaccess and visibility and proximity to significant residential growthcombine to position The Village at McKinney as a premier mixed-usedevelopment site in one of the nation’s fastest growing metropolitanareas.
EXECUTIVE SUMMARY
Location: Northwest Corner of US 75 & Laud Howell ParkwayMcKinney, Texas 75071
Traffic Count: 76,300 VPD on US 75 @ Laud Howell Parkway
County: Collin
Gross Land Area: 147 Acres
Net Usable Area: 76.2 Acres (3,319,272 Square Feet)
Parcels: 4
Infrastructure: On-site utilities to be in-place by 2018
Zoning: PDAll “Commercial Type, Retail, and Service Uses”In compliance with City of McKinney’s CurrentComprehensive Zoning Ordinance
Parcel A: 20.0 Acres (Corporate Campus, Office, Mixed-Use)Parcel B: 8.90 Acres (Multi-Family & Retail)Parcel C: 13.3 Acres (Retail, Restaurant, Entertainment)Parcel D: 34.0 Acres (Office, Hospitality, Multi-Family, Entertainment)
HSM • 3
P r o p o s e d L a u d H o w e l l P k w y E x t e n s i o n
N C
us
ter
Rd
La
ke
Fo
res
t D
r
Co
itR
d
380
LEGEND
A Cross F. Ranch
B Erwin Park
C Baylor Scott & White Medical Center
D 380 Towne Crossing
E Walmart, Academy Sports, Sam’s Club
F Oak Hollow Golf Course
G McKinney Town Square
H The Village at Allen/Fairview
I Matthew’s Paradise Office Park
J Gates of Prosper
3,600 employees
1,700 employees
Acres: 1,700Residences: 4,176Open Space: 450 AcresAvg. Home Value: $389KCommercial: 1 Million+ SF
Acres: 5,200Residences: 10,000Open Space: 400 AcresAvg. Home Value: $523KCommercial: 550 AcresGolf Course: 5 (830 Acres)
52,812 enrollment
1,050 employees
B
D E
G
H
C
Acres: 1,450Development: TBD
A
Acres: 500Status: Proposed Mixed-UseCommercial: 1 Million+ SFDeveloper: Blue Star
J
I
Acres: 157Status: Office ParkCommercial: 2.5 Million+ SFDeveloper: Matthews SW
“$5 Billion Mile”The StarFrisco StationWade ParkThe Gate
Pro
po
se
d D
all
as
Pk
wy E
xte
ns
ion
THE VILLAGE
AT MCKINNEY
F
SURROUNDING AREA OVERVIEW
121
Acres: 2,200Residences: 6,000Open Space: 400+ AcresAvg. Home Value: $316KCommercial: 150+ AcresGolf Course: TPC
HSM • 4
McKinney, “The #1 Best Place to Live in America” - Money Magazine
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
38%
40%
42%
44%
46%
48%
50%
52%
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
1.4%
1.6%
1.8%
2.0%
1.9%
1.4%1.5%
1.8%
POPULATION GROWTH
44%
43%43%
50%
EDUCATION (college degree)
0K
200K
400K
600K
800K
1,000K
1,200K
1,400K
1,600K
59,997
373,242336,103
273,699
POPULATION (in thousands)
5 Mile Demographics
Education% of people with college
degree or higher
Population GrowthProjected annual growth
rate
Income% of population earning
over $100,000 annually
PopulationTotal # of people
(in thousands)
30%
20%22%
28%
INCOME (% earning > $100K)
10 Mile Demographics
Dallas
• THE VILLAGE AT MCKINNEY – MCKINNEY, TX
• DALLAS MIDTOWN – DALLAS, TX
• CITYLINE – RICHARDSON, TX
• LEGACY WEST – PLANO TX
Source: Applied Geographic Solutions
McKinney
HSM • 5
S
2 74
8
531 9
1 McKinney National Airport
2 McKinney Town Square
3 Allen Premium Outlets
4 Raytheon Company
5 380 Towne Crossing
6 Collin College
7 Baylor Scott White Medical Center
8 Collin County Government Complex
9 Craig RanchTrinity Falls
MARKET AREA OVERVIEW
6
Parcel A
Parcel B
Parcel C
Parcel D
The Village at McKinney is located in a key area of McKinney identified by Cityplanners as the focal point for future mixed–use development includingcorporate/office, commercial/retail, multifamily and hospitality in the NorthwestSector of the city. The property is within one mile of the Collin County GovernmentComplex, one of the largest employers in McKinney. The campus sits on just over270 acres and includes over 1 million square feet of administration, court andgovernmental office space for the county. The largest master planned residentialcommunity in McKinney, Trinity Falls, is located one mile to the north of The Village atMcKinney with its principal access from US 75 along Laud Howell Parkway on thenorthern perimeter of the property.
This 1,708-acre amenity-rich community is home to three future McKinney ISDelementary schools, the 300-acre BB Owen Park, and private residents-onlyclubhouse. Home values within Trinity Falls range from $245,000 to $500,000 with anaverage annual household income of $107,048. The high-quality, rapidly expandingamenity base that surrounds The Village at McKinney plays a critical role amongarea businesses in their recruitment and retention of today’s most talentedemployees. Major corporations such as Raytheon, State Farm, Toyota NorthAmerica, Liberty Mutual, JP Morgan Chase, and FedEx have all recently relocatedto nearby corporate campuses. These companies cite affordable housing, efficienttransportation, an educated workforce, ideal climate, and proximity in the centralU.S. as factors supporting their relocation decisions.
HSM • 6
SURROUNDING PROJECTS
1 Country Ridge
2 Trinity Falls
3 Cross F. Ranch
4 Whitewing Trails
5 Stonebridge Ranch
6 Craig Ranch
7 The Gate
8 Legacy West
9 CityLine
10 McKinney Government Complex
11 Raytheon Company
12 McKinney Town Square
13 Allen Premium Outlets
14 Waters Creek
15 Stonebriar Centre
16 The Shops at Willow Bend
17 Southlake Town Square
18 Grapevine Mills
19 Galleria Dallas/Midtown Dallas
20 Northpark Center
21 Knox/Henderson
1
3
2
6
9
THE VILLAGE AT MCKINNEY
8
7
11
12
13
1415
16
20
21
19
FORT WORTH 61 MILES
DALLAS 39 MILES
THE EPICENTER OF MCKINNEY
10
45
18
17
Lake
Lavon
Lake
Ray
Hubbard
Lake
Lewisville
DFW
International
Dallas
Love Field
Addison
Regional
McKinney
National
HSM • 7
Corporate America, millennials, and baby boomers are demanding the live-work-play lifestyle across the country.This powerful trend has sparked a flurry of new mixed-use developments across Dallas-Fort Worth,including CityLine in Richardson, Cypress Waters near Coppell, Legacy West in Plano, The Gate in Frisco, as wellas Clearfork and Left Bank in Fort Worth.
As business expansion and corporate relocations continue to fuel Dallas-Fort Worth’s strengthening real estatemarket, The Village at McKinney offers an exceptional opportunity to be a part of one of the first mixed-usedevelopments in McKinney. The Village at McKinney offers 76.2 acres of scenic property in the heart of a cityranked as the #1 Best Place to Live in America. With job creation and in-migration continuing to support newdevelopment, The Village at McKinney has been strategically selected as the focal point of Collin County’snorthern growth corridor along U.S. Highway 75.
A TRUE URBAN DESTINATION
Preston Hollow Village
Legacy West
West Love
Preston Hollow Village
HSM • 8
OFFERING FORMAT
PROCEDURE: Once a Confidentiality Agreement is executed, a full Offering Memorandum will be available online for review.
SALE CONDITIONS: The Village at McKinney is being offered for sale without an asking price. All prospective investors and developers should base their offer on an “as-is” property condition.
PROPERTY TOURS: Contact Chris Burrow or Dillon Cook to schedule tours through the offer date.
CALL FOR OFFERS: To Be Determined.
CONTACT INFORMATION
If you have any questions or require additional information, please contact Chris Burrow or Dillon Cook.
STRATEGIC ADVISORY GROUP
Henry S. Miller Brokerage, LLC14001 Dallas Parkway, 11th Floor
Dallas, TX 75240www.henrysmiller.com
Henry S. Miller Brokerage, LLC (“HSM”) has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described herein has been obtained from sources other than HSM and we make no representations or warranties,express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only andused for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.
The conceptual depictions of the proposed development are as of this date and for general reference only. Site plans, renderings, and illustrations are conceptual and may not depict the exact location and final design of planned site features. No warranty or representation, expressed orimplied, is made to the accuracy of the information contained herein.
EXCLUSIVE ADVISORS ADDITIONAL ADVISORS CAPITAL ADVISOR MARKETING
CHRIS BURROW, Vice [email protected]
d 972.419.4094c 214.244.5047
LEW WOOD, Executive Vice [email protected]
d 972.419.4065c 214.909.8822
JIM BROWNLOW, Managing [email protected]
d 972.419.8696c 214.808.8239
XOCHITL REYES, Marketing [email protected]
d 972.386.1422c 517.420.0525
DILLON COOK, [email protected]
d 972.386.1462c 214.738.3857
ANDREW DOSTER, Senior [email protected]
d 972.386.1466c 214.587.6108