Greater Allen – a new Dallas business hub, maturing and expanding north to accommodate our region’s growth
Allen has been a growing suburb due to superior regional access, excellent public schools, attractive and well-priced housing, and proximity to a diverse and educated labor pool.
October 09, 2019
- Allen, located 5 to 6 miles north of Plano | Richardson, has been a growing suburb due to superior regional access, excellent public schools, attractive and well-priced housing, and proximity to a diverse and educated labor pool.
- Allen became established with the Watters Creek retail and Bethany office developments in the shaded area. This business area now totals 3.3 million square feet of office space and 6,500 apartment units, along with a new convention center that opened earlier this year.
- Additional office development is also programmed for One Bethany and Allen City Center, as well as new apartments at Allen City Center and Stacey Pointe.
- Due to US 75 access, commercial development has been pushing north toward the intersection of Route 121.
- Office development in the larger Greater Allen area, totals 3.9 million square feet, with 8,700 apartment units and almost 2,100 hotel rooms serving the broader market.
- This is changing as the corridor transforms into another an important business hub, similar to today’s Legacy.
- Currently, Howard Hughes is developing the southwest corner of 121 and US 75. Monarch City has been approved for up to 6 million square feet of office, 400,000 square feet of retail, 600 hotel rooms, and 4,000 housing units.
- In addition, the Billingsley Company has advanced a new mixed-use development on 240-plus acres at the southeast corner of 121 and US 75. While still in planning, the development is envisioned to include several million square feet of office space and related uses, 2,000 housing units, and significant open space.
Source: JLL Research