PLANO, Texas — The $1 billion redevelopment of the former Collin Creek Mall has entered its first visible phase, with 130 homes now occupied on the 100-acre site, according to a Feb. 4 update from developer Centurion American.
The developer reported 402 lots had been delivered to builders, with another 98 expected by the end of the first quarter.
The broader vision for Collin Creek is far larger than the housing now on the ground. Project materials describe a walkable mixed-use district featuring roughly 500 attached single-family residences, 2,300 multifamily units, 300 independent-living residences, 8.9 acres of parks, 1.6 miles of trails, 340,000 square feet of retail and restaurant space, and a 200-room hotel.
For now, however, housing is the clearest sign of progress. Connect CRE reported in February that 412 apartment units were still awaiting permits, while construction moved forward on the retail portion of the project, underscoring that much of the redevelopment remains in the buildout stage.
The homebuilding is led by Ashton Woods, DRB Homes and Mattamy Homes. Current listings show modern two- and three-story townhomes with open-concept layouts and two-car garages, though pricing and floor plans vary by builder. Ashton Woods is marketing three- and four-bedroom homes starting around $470,000, while DRB is offering at least one quick move-in, two-bedroom home at $469,690.
Project materials place Collin Creek in Plano ISD, noting the development is being built around future city-owned parks, 1.6 miles of walking trails, and a shared amenity space with a pool.
City records show Plano bought 3.3 acres near the site in 2021 to help connect the Chisholm Trail and expand access for culvert work, a sign that the public-space portion of the project is being shaped by city action alongside private development.
Plano backed the redevelopment early with public financing tied to infrastructure. A 2019 development agreement stated the city would help fund public improvements and a major drainage-culvert renovation. In 2020, the city approved an interlocal agreement including a $15 million grant and a $15 million loan for the project. Later actions relied on tax-increment and public-improvement-district financing to support the infrastructure work.
The redevelopment reflects a broader push in built-out suburbs to replace failing malls with housing, public space and new commercial activity rather than allowing growth to sprawl farther outward.
At Collin Creek, early housing numbers prove the project has moved beyond the planning stage. But as of April 1, 2026, the larger test remains ahead: whether the apartments, retail, hotel and public spaces arrive on pace to turn the former mall site into the mixed-use district promised.
