Plano City Council delays vote on Campus at Legacy West apartment project

PLANO, TX – The Plano City Council agreed Monday to delay a vote on a project that would add 650 apartment units to the Campus at Legacy West project, a redevelopment of the former J.C. Penney headquarters.

Bill Dahlstrom, the attorney for the development firm Dreien Opportunity Partners wrote a letter to city officials to ask for more time to “ensure the community is engaged and involved with this exciting project,” according to a Community Impact report.

The 1.8 million-square-foot office campus and surrounding land was sold to Silos Harvesting Partners and Dreien in 2016. Since then, they have been working to convert the site into a mixed-use development. The project is expected to total more than $1 billion.

In January, staff writer Steve Brown reported that Beal Bank of Dallas and its commercial loan service company in Plano, CLMG Corp., served notice to sell the project at foreclosure auction. The action is common when borrowers are renegotiating the terms of a loan.

Last year, the Plano City Council declined to allow apartment buildings at the site. The developer reduced the proposed number of apartment units to 650 from about 800, removed balconies and cut plans for a food truck park.

Two apartment builders, Trammell Crow Residential and Kairoi Residential, want to purchase sites at the development.