the village at mckinney

OFFERING SUMMARY
THE VILLAGE AT MCKINNEY
MCKINNEY, TEXAS
PREMIER MIXED-USE DEVELOPMENT OPPORTUNITY
Henry S. Miller’s Investment Advisory Group, as exclusive advisor, is
pleased to present to qualified developers and investors
the
opportunity to acquire The Village at McKinney, a premier
development site located in the heart of Collin County, one of the
fastest growing counties in the country. The Village at McKinney is
comprised of four contiguous tracts representing 76.2 acres of entitled
land that is primed for new mixed-use development. McKinney was
recently ranked as “#1 on the Best Places to Live in America” by Money
Magazine. The City of McKinney has designated The Village at
McKinney as a High Priority property for new development to support
the rapidly growing residential and business communities in the city.
McKinney is the second fastest growing city in Texas experiencing rapid
residential development, commercial expansion and corporate
relocations. The Village at McKinney provides a developer the unique
opportunity to participate in the area’s continued transformation.
The property’s prominent location on U.S. Highway 75, its excellent
access and visibility and proximity to significant residential growth
combine to position The Village at McKinney as a premier mixed-use
development site in one of the nation’s fastest growing metropolitan
areas.
EXECUTIVE SUMMARY
Location:
Northwest Corner of US 75 & Laud Howell Parkway
McKinney, Texas 75071
Traffic Count:
76,300 VPD on US 75 @ Laud Howell Parkway
County:
Collin
Gross Land Area: 145.3 Acres
Net Usable Area:
76.2 Acres (3,319,272 Square Feet)
Parcels:
4
Parcel A: 20.0 Acres (Corporate Campus, Office, Mixed-Use)
Parcel B: 8.90 Acres (Hospitality, Retail, Multifamily*)
Parcel C: 13.3 Acres (Retail, Restaurant, Entertainment)
Parcel D: 34.0 Acres (Office, Hospitality, Multi-Family, Entertainment)
* Multifamily development contingent on approved zoning variance
Infrastructure:
On-site utilities to be in-place by 2018
Zoning:
PD
All “Commercial Type, Retail, and Service Uses”
In compliance with City of McKinney’s Current
Comprehensive Zoning Ordinance
HSM • 2
LEGEND
B
Erwin Park
C
Baylor Scott & White Medical Center
D
380 Towne Crossing
E
Walmart, Academy Sports, Sam’s Club
F
Oak Hollow Golf Course
G
McKinney Town Square
H
The Village at Allen/Fairview
I
Matthew’s Paradise Office Park
J
Gates of Prosper
K
Mustang Lakes
Acres: 1,700
Residences: 4,176
Open Space: 450 Acres
Avg. Home Value: $389K
Commercial: 1 Million+ SF
Project: Collin College
Timeline: Within 5 Years
Cost: $36 Million
Acres: 75
Students: 1,500
Acres: 682
Residences: 2,000
Open Space: 60 Acres
Home Value Start: $300K
Developer: Cambridge Co
Acres: ~2,000
Development: TBD
K
L a u d
H o w e l l
A
P k w y
E x t e n s i o n
( B e g i n n i n g
Acres: 278
Status: TBD Residential
2 0 1 6 )
Acres: 157
Status: Office Park
Commercial: 2.5 Million+ SF
Developer: Matthews SW
I
Project: Green Meadows
Developer: Tomlin Investments
Acres: 1,408
Residences: 4,500
Avg. Home Value: $500K
Construction: Beginning 2016
Price: $2 Billion
Project: Brookhollow
Developer: LandPlan
Acres: 1,300
Residences: 2,500
Status: Master Planned
Avg. Home Value: $650K
Lake Forest Dr
B
N Custer Rd
Cross F. Ranch
Coit Rd
A
Proposed Dallas Pkwy Extension
SURROUNDING AREA OVERVIEW
THE VILLAGE
AT MCKINNEY
1,700 employees
52,812 enrollment
C
380
Acres: 500
Status: Proposed Mixed-Use
Commercial: 1 Million+ SF
Developer: Blue Star
Project: Proposed Residential
Developer: TBD
Acres: 1,047
Status: TBD
F
J
3,600 employees
Acres: 5,200
Residences: 10,000
Open Space: 400 Acres
Avg. Home Value: $523K
Commercial: 550 Acres
Golf Course: 5 (830 Acres)
D E
G
1,050 employees
Acres: 2,200
Residences: 6,000
Open Space: 400+ Acres
Avg. Home Value: $316K
Commercial: 150+ Acres
Golf Course: TPC
“$5 Billion Mile”
The Star
Frisco Station
Wade Park
The Gate
121
H
HSM • 3
McKinney, “The #1 Best Place to Live in America” - Money Magazine
5 Mile Demographics
POPULATION (in thousands)
273,699
336,103
59,997
•
THE VILLAGE AT MCKINNEY – MCKINNEY, TX
•
DALLAS MIDTOWN – DALLAS, TX
•
CITYLINE – RICHARDSON, TX
•
LEGACY WEST – PLANO TX
10 Mile Demographics
373,242
McKinney
POPULATION GROWTH
1.8%
1.5%
1.4%
EDUCATION (college degree)
50%
43%
44%
43%
INCOME (% earning > $100K)
28%
22%
Dallas
1.9%
30%
20%
1,600K
2.0%
52%
1,400K
1.8%
50%
45%
40%
1.6%
1,200K
1.4%
48%
1,000K
1.2%
46%
800K
1.0%
600K
0.8%
0.2%
0K
0.0%
Total # of people
(in thousands)
30%
44%
20%
42%
15%
10%
0.4%
200K
35%
25%
0.6%
400K
Population
Source: Applied Geographic Solutions
50%
40%
5%
38%
Population Growth
Projected annual growth
rate
0%
Education
% of people with college
degree or higher
Income
% of population earning
over $100,000 annually
HSM • 4
S
1
2
3
4
5
6
7
9
8
Parcel D
Parcel A
Parcel B
Parcel C
Trinity Falls
1
McKinney National Airport
2
McKinney Town Square
3
Allen Premium Outlets
4
Raytheon Company
5
380 Towne Crossing
6
Collin College
7
Baylor Scott White Medical Center
8
Collin County Government Complex
9
Craig Ranch
MARKET AREA OVERVIEW
The Village at McKinney is located in a key area of McKinney identified by City
planners as the focal point for future mixed–use development including
corporate/office, commercial/retail, multifamily and hospitality in the Northwest
Sector of the city. The property is within one mile of the Collin County Government
Complex, one of the largest employers in McKinney. The campus sits on just over
270 acres and includes over 1 million square feet of administration, court and
governmental office space for the county. The largest master planned residential
community in McKinney, Trinity Falls, is located one mile to the north of The Village at
McKinney with its principal access from US 75 along Laud Howell Parkway on the
northern perimeter of the property.
This 1,708-acre amenity-rich community is home to three future McKinney ISD
elementary schools, the 300-acre BB Owen Park, and private residents-only
clubhouse. Home values within Trinity Falls range from $245,000 to $500,000 with an
average annual household income of $107,048. The high-quality, rapidly expanding
amenity base that surrounds The Village at McKinney plays a critical role among
area businesses in their recruitment and retention of today’s most talented
employees. Major corporations such as Raytheon, State Farm, Toyota North
America, Liberty Mutual, JP Morgan Chase, and FedEx have all recently relocated
to nearby corporate campuses. These companies cite affordable housing, efficient
transportation, an educated workforce, ideal climate, and proximity in the central
U.S. as factors supporting their relocation decisions.
HSM • 5
THE EPICENTER OF MCKINNEY
1
SURROUNDING PROJECTS
1
Country Ridge
2
Trinity Falls
3
Cross F. Ranch
4
Whitewing Trails
5
Stonebridge Ranch
6
Craig Ranch
7
The Gate
8
Legacy West
9
CityLine
2
3
THE VILLAGE AT MCKINNEY
10
11
5
4
12
McKinney
National
10 McKinney Government Complex
6
7
13
11 Raytheon Company
12 McKinney Town Square
15
Lake
Lewisville
13 Allen Premium Outlets
14
8
14 Waters Creek
Lake
Lavon
15 Stonebriar Centre
16 The Shops at Willow Bend
16
17 Southlake Town Square
18 Grapevine Mills
9
19 Galleria Dallas/Midtown Dallas
20 Northpark Center
21 Knox/Henderson
Addison
Regional
18
Lake
Ray
Hubbard
17
19
FORT WORTH 61 MILES
DFW
International
20
Dallas
Love Field
21
DALLAS 39 MILES
HSM • 6
Preston Hollow Village
A TRUE URBAN DESTINATION
Corporate America, millennials, and baby boomers are demanding the live-work-play lifestyle across the country.
This powerful trend has sparked a flurry of new mixed-use developments across Dallas-Fort Worth,
including CityLine in Richardson, Cypress Waters near Coppell, Legacy West in Plano, The Gate in Frisco, as well
as Clearfork and Left Bank in Fort Worth.
West Love
As business expansion and corporate relocations continue to fuel Dallas-Fort Worth’s strengthening real estate
market, The Village at McKinney offers an exceptional opportunity to be a part of one of the first mixed-use
developments in McKinney. The Village at McKinney offers 76.2 acres of scenic property in the heart of a city
ranked as the #1 Best Place to Live in America. With job creation and in-migration continuing to support new
development, The Village at McKinney has been strategically selected as the focal point of Collin County’s
northern growth corridor along U.S. Highway 75.
Preston Hollow Village
Legacy West
HSM • 7
OFFERING FORMAT
PROCEDURE:
Once a Confidentiality Agreement is executed, a full
Offering Memorandum will be available online for review.
SALE CONDITIONS:
The Village at McKinney is being offered for sale without an asking price. All
prospective investors and developers should base their offer on an
“as-is” property condition.
PROPERTY TOURS:
Contact Chris Burrow or Dillon Cook to schedule tours through the offer date.
CALL FOR OFFERS:
To Be Determined.
CONTACT INFORMATION
If you have any questions or require additional information, please contact Chris Burrow or Dillon Cook.
INVESTMENT ADVISORY GROUP
EXCLUSIVE ADVISORS
ADDITIONAL ADVISORS
CAPITAL ADVISOR
ANALYST
CHRIS BURROW, Vice President
[email protected]
d 972.419.4094
c 214.244.5047
ALEC LUCAS, Associate
[email protected]
d 972.386.1450
c 214.636.0067
JIM BROWNLOW, Managing Director
[email protected]
d 972.419.8696
c 214.808.8239
KYLE WARD, Associate
[email protected]
d 972.419.4075
c 972.804.5656
DILLON COOK, Associate
[email protected]
d 972.386.1462
c 214.738.3857
Henry S. Miller Brokerage, LLC
14001 Dallas Parkway, 11th Floor
Dallas, TX 75240
www.henrysmiller.com
Henry S. Miller Brokerage, LLC (“HSM”) has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described herein has been obtained from sources other than HSM and we make no representations or warranties,
express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and
used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.
The conceptual depictions of the proposed development are as of this date and for general reference only. Site plans, renderings, and illustrations are conceptual and may not depict the exact location and final design of planned site features. No warranty or representation, expressed or
implied, is made to the accuracy of the information contained herein.
HSM • 8