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News release

Dallas, TX

New 8.7-Million-Square-Foot Mixed-Use Development in Dallas by The Howard Hughes Corporation

JLL selected as exclusive leasing partner for new development


Dallas, May 9, 2018 – A new park-centric, multi-use development in Allen, Texas called Monarch City was introduced today by The Howard Hughes Corporation. Zoning on the diverse amenity-rich community, which will be located in the southwest corner of North Central Expressway and the Sam Rayburn Tollway, is expected to begin this year.

JLL Managing Director Jeff Eckert, Managing Director James Esquivel and Senior Vice President Jay Bailey are serving as marketing and office leasing leads for the multi-use property.

"Monarch City will deliver a game-changing, first-class 'live, work, play' environment with state-of-the-art amenities and cutting-edge technologies in one of the most active markets in US," said Eckert. "The Howard Hughes Corporation's new development offers great access, diverse amenities and visibility to attract and retain top talent, as well as great opportunities for retail and multifamily. We're thrilled to be a part of one of their first projects in North Texas."

Upon its completion, Monarch City will consist of office and retail space along with urban residential product. A luxury hotel will also be developed.

"Moving beyond the typical office park, Monarch City is building upon the momentum that we are seeing across the state and across the country as a whole. The Howard Hughes Corporation is creating a dynamic urban, walkable community." said Mark Bulmash, Senior Vice President, Development for Howard Hughes Corporation. "We are excited to bring this vision to life with the City of Allen."

According to JLL Research, of all the next tier suburbs in the path of development across North Texas, Allen looks to be most primed for transformational growth. In 1990, the city had less than 20,000 residents. Ten years later, the population of Allen more than doubled and today the population has reached nearly 100,000 residents.

For more information about Monarch City, please contact Jeff Eckert, James Esquivel or Jay Bailey.

 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.