A major mixed-use project is in the works for the southeast corner of US 75 and State Hwy 121 in Collin County
The next big Fairview announcement to make the news (Dallas Morning News, Bisnow) in recent months is the major mixed-use project that Billingsley Co. has planned for the southeast corner of two major Collin County highways, North Central Expressway and State Highway 121. The tract is just north of Fairview Town Center and south of Collin College and Medical City McKinney.
Where Community Meets Opportunity
This 242-acre development, a partnership between Billingsley and the Petefish family, epitomizes Fairview’s tagline, “Where Community Meets Opportunity,” fulfilling the vision that was put in place by city leaders two decades ago. For years this property has been zoned for such commercial uses as office, multifamily and retail — exactly what is needed to provide the tax base that helps fund the infrastructure for the entire town and helps keep the tax rate at a reasonable level for residents who chose to live in Fairview for its home sites of an acre or more.
We anticipate the Billingsley-Petefish development could bring an annual economic impact of as much as $1 billion while providing jobs for local residents and a short commute that helps give them back their personal and family time. This is an ideal location for corporate office tenants seeking the type of skilled workforce that is found in abundance within a short drive. An office center located here will reduce the traffic commuting south of Fairview, and the opportunity for residents to live near where they work will take even more cars off the freeway. Companies located here will be able to leverage the nearby McKinney National Airport as an additional transportation asset.
We are fortunate to have the highly respected Billingsley Co. as the development partner whose expertise will create a crown jewel in our small section of the U.S. 75 corridor. Billingsley is known for well-designed projects such as Cypress Waters and Austin Ranch, which enhance and complement the communities where they are built. Green space and park areas will be an integral part of this multiphase development.
While there’s still a great deal of planning to be done, the city will have the opportunity to contribute input on everything from timing to quality. We’re thrilled with the chance to attract companies who believe that community counts, and who appreciate knowing their neighbors. Fairview does not have the population of its neighbors, but we have the benefit of sharing a massive skilled workforce and offering companies a unique community feel.
Fairview: No Longer Collin County’s Best-Kept Secret
All of this news has placed our community in North Texas’ spotlight. It’s a wonderful place to be, as we embrace the positive changes that will help us maintain and enhance the quality of life Fairview has cherished.
Fairview is all about quality over quantity. With only 450 acres remaining for commercial development, we intend to do it right.