The Howard Hughes Corporation (NYSE:HHC) announced June 26 that it has received zoning approval for Monarch City, its newest 261-acre mixed-use development project located in Allen, Texas.
This approval allows for a walkable urban community that will be the first of its kind in Allen. Current plans include 10 million square feet of development, including office, residential, retail and hospitality with an abundance of amenities and park space, the company said in a news release.
“This is a very special project and a perfect fit for Allen,” City of Allen Mayor Stephen Terrell said in the release. “Monarch City will enhance the family-friendly environment that makes Allen one of the most sought-after places to live in North Texas, while providing quality jobs to fuel our growth as a regional economic center.”
Located approximately 15 miles north of Dallas, the Monarch City site is one of the largest undeveloped land parcels at a major highway intersection north of the city. It has direct access to Highways 121 and 75.
“The zoning approval for Monarch City brings a first class mixed-use opportunity to the Allen community,” said Dan Bowman, executive director of the Allen Economic Development Corporation. “The long-term development plan is sustainable with planned central park and entertainment amenities that are critical to maintaining Allen’s amazing quality of life. It will also create quality jobs that allow our current and future residents to live, work and play within the same community.”
“Monarch City will be a comprehensive development with over 6 million square feet of office planned and designed to satisfy the needs of out-of-state companies looking to relocate to the area, as well as local firms,” agency office leasing representative and JLL Managing Director Jeff Eckert said. “With this zoning approval, Monarch City is now available for pre-leasing for office tenants looking for Class A office space to start or grow their business in this prosperous community.”
www.monarchcitytx.com