News Summary
A $500 million mixed-use development known as The Station is set to transform Sachse, Texas. Spanning 134 acres, it will feature residential units, retail spaces, a large park, and new dining options. The project aims to create a vibrant community hub as existing buildings attract future inhabitants and businesses, enhancing the landscape of northeast Collin County.
Texas is witnessing the near completion of a significant $500 million mixed-use development known as The Station, located in Sachse, a growing city in northeast Collin County. This extensive project, managed by the Dallas-based firm PMB Capital Investments LLC, covers 134 acres along the President George Bush Turnpike and is strategically positioned between Miles Road and Merritt Road.
The Station is a vibrant community that incorporates various residential, commercial, and recreational spaces. Currently, the development boasts a 34-acre park, over 1,000 residential units, and an exciting array of retail and dining options. Approximately 90% of the multifamily housing units have been leased, demonstrating the strong demand for living spaces in this burgeoning area. Moreover, 275 single-family homes have been completed, with construction led by builders K. Hovnanian Homes and Ashton Woods.
In terms of retail, The Station includes 35,000 square feet of commercial space, which is currently home to several popular establishments such as The Brass Tap, Manny’s Tex-Mex, Pho Station, Cold Stone Creamery, and Cane Rosso Pizza. An additional 2,500 square feet of restaurant space remains available for lease, catering to prospective businesses looking to join this dynamic community. Furthermore, the project has made provisions for future corporate office locations to support the area’s economic growth.
The development has ambitious plans for expansion and additional businesses, with notable brand names like Starbucks, Chipotle, and 7-Eleven set to open by early 2025. This expansion is part of a broader vision that will ultimately see The Station encompass approximately 400,000 square feet of commercial and retail amenities, further solidifying its role as a community hub.
A highlight of The Station is the recently renovated Heritage Park, which opened its doors in October after a $10 million redevelopment. This park features attractive amenities including an amphitheater with views of a water feature, a steam engine train, a water tower slide, a splash pad, and train track-themed pathways. Significantly, about 60% of the park’s land previously lay unused, and the development faced challenges during construction due to supply chain disruptions.
To ensure a robust retail environment, PMB Capital Investments chose to construct the residential areas first. This strategy aimed to create a dependable customer base that would attract long-term retail users. The firm acquired the land for The Station in fall 2018 and plans to complete the remaining sections of the project within the next two to three years. Significant investments in public infrastructure and improvements to the public park have been necessary to support this ambitious endeavor.
The expected growth of population in Collin County, projected to double by the year 2060, underlines the need for mixed-use developments like The Station. As the area continues to evolve, programming events at Heritage Park throughout the year is anticipated to attract thousands of visitors, contributing to the ongoing vibrancy and dynamism of the community.
In summary, The Station is poised to become a significant landmark in Sachse, Texas. With substantial residential units, a well-planned retail environment, and a thoughtfully designed park, this mixed-use development is set to enhance the quality of life for residents while also supporting economic growth in the region.
Deeper Dive: News & Info About This Topic
- WFAA: Mixed-Use Project The Station Comes Alive
- Local Profile: $500 Million Development in Collin County
- Chronicle: Dr. Phil’s Merit Street Network
- Wikipedia: Cities of Texas
- Encyclopedia Britannica: Texas
Author: STAFF HERE COLLEGE WRITER
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