(October 31, 2017—McKinney) A $120 million mixed-use project is coming to McKinney
Corporate Center Craig Ranch, another major announcement for Craig Ranch.
Developer Shane Jordan announced today he has closed a deal for Hub 121, a 22-acre
restaurant, retail and entertainment destination located at the northwest corner of SH
121 and Alma Road.
“Hub 121 will be a multi-venue destination for all of McKinney and the North Texas
area,” said Jordan. “We have a wow factor in mix of uses that will bring customers to
Craig Ranch and programming to keep them here longer. People will come for coffee
and yoga on the lawn in the morning, stay for lunch and shopping, and then dinner, live
music and a movie with friends.”
The first phase of Hub 121 will include a 40,000-square foot restaurant park in three
clusters with roof-top decks and connected pedestrian walkways to Independent Banks’
400,000 square foot corporate headquarters and the Parkside at Craig Ranch’s 2,500
unit urban residential community; a 6,500 square foot pavilion with a performance
stage for live music and family movie nights; 20,000 square feet of retail and 287 urban
residences. The second phase of the project will have an approximate 100,000 square
foot office building, additional retail buildings and a hotel.
Jordan is co-developing Hub 121 with Larry Masi. Both are veteran real estate
developers with a long list of residential, retail and hotel projects.
David Craig, Founder and Master Developer of Craig Ranch said this was the vision he
and his partners had in mind for Craig Ranch all along.
“This is a tremendous addition for Craig Ranch and Corporate America tells us it wants
eateries and drinkeries within walking distance to headquarter locations,” said Craig.
“With the additions of Hub 121 and the Craig Ranch Resort and Conference Center to
our long list of amenities, we have all of the elements businesses look for to recruit and
retain talent.”
Craig says Hub 121’s location along the Sam Rayburn Toll Road, now known as the Blue
Diamond Corridor, will bring increased foot traffic, added value to residents and keep
tax dollars in McKinney.
Construction on Phase I of Hub 121 will kick off in January 2018, with the first
restaurants open by January of 2019. NCA Partners is the architect for the project,
EDGE Realty Partners is the commercial leasing broker, Seneca Investments is the urban
housing developer and Happy State Bank is the lender on the project.
About Craig Ranch
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. Craig Ranch is within
30 minutes of DFW International Airport and Dallas Love Field and within seven minutes
of McKinney National Airport. Craig Ranch is a high profile, regional point of destination
and the home of the McKinney Corporate Center Craig Ranch, a premiere 137-acre
office park. McKinney Corporate Center offers a prime location fronting the Sam
Rayburn Toll Road and access to an abundant well-educated labor pool. For
information, please go to www.CraigRanchTx.com.