With a series of commercial real estate deals completed over the last six months and significant residential land sales, Craig Ranch announced today it has sold over 58 acres, contributing more than $132 million in future ad valorem taxes to the city of McKinney.
“It is the tried and true strategy we said all along was going to work,” said David Craig, founder and master developer of Craig Ranch. “We needed roof tops to make the corporate center, town center and retail in our core vibrant. We’ll have 20,000 residents in Craig Ranch in the next five years and that is attractive to retailers, multifamily developers and companies wanting to relocate.”
Craig Ranch has seen a flurry of new deals, with the most recent being the Sewell Audi Dealership at State Highway 121 and Stacy Road, Moviehouse & Eatery near the northeast corner of Craig Ranch Parkway/Exchange and State Highway 121 and a Holiday Inn Express along State Highway 121. The Marketplace at Craig Ranch, a grocery-anchored retail shopping center at the northeast corner of Custer and Stacy roads, is also underway. Additional commercial development includes the second phase of the Parkside luxury apartments and Southern Hills office suites at Custer and Collin-McKinney.
McKinney Corporate Center Craig Ranch, a 137-acre office park, is a public-private partnership with the City of McKinney. London-based Barclays Bank relocated to the McKinney Corporate Center in 2014 and the development team is currently working to attract other marque companies. “We’re seeing McKinney evolve and it’s exciting,” said Craig. “Our vision 15 years ago was to create density and increase commercial valuation which brings job growth, employees and more ad valorem taxes.”
Located at the crossroads of Frisco, Plano, Allen and McKinney, Craig Ranch is quickly accessible to major employment centers, regional and specialty shopping, fine dining and sports and entertainment venues throughout Collin County as well as both major DFW airports. Craig Ranch is located within the outstanding Frisco and Allen ISDs and boasts on-site schools within the community, a major draw for families looking for top rated schools.
Craig Ranch is a 2,200-acre master-planned business, retail and residential community in McKinney, Texas - recently ranked #1 by Money Magazine as the Best Place to Live in America and Top 10 Best Places to Move by Forbes Magazine. Located just 25 minutes from DFW airport, Craig Ranch is a high profile, regional point of destination. The TPC Craig Ranch private golf course is the centerpiece of the community and a member of the Audubon Cooperative Sanctuary program. The open green spaces and small-town ambiance of Craig Ranch serves as a natural setting for outdoor concerts, water-inspired events, art fairs and exhibits. Soccer and baseball fields, hike and bike trails and unique amenities give residents a sense of place they are proud to call home. Craig Ranch is an AT&T Connected Community. Its marquee venues include: the TPC Craig Ranch, Michael Johnson Performance, the Cooper Fitness Center & Spa at Craig Ranch, Victory Medical Center at Craig Ranch, Dr Pepper StarCenter McKinney at Craig Ranch, The Ball Fields at Craig Ranch, The Premier Soccer Fields at Craig Ranch and The Beach at Craig Ranch, a youth to pro-level sand volleyball venue. For information call 972-529-5700 or www.CraigRanchTx.com.