New Plano mixed-use project Mustang Square would start with apartments
A planned mixed-use project in Plano would bring hundreds of apartments plus office and retail space along State Highway 121.
The 50-acre Mustang Square development is proposed for a vacant tract at S.H. 121 and Rasor Boulevard, east of Preston Road.
Designed by architect Gensler, the proposed project would have an almost $2 billion economic impact, according to details filed with the city of Plano.
Landowner Thakker Developers and apartment builder JPI are working on Mustang Square, which will have more than a dozen buildings on the south side of S.H. 121.
Construction on the first phase of 448 apartments is planned to start next year, a spokesperson for JPI said.
Mustang Square is also planned for two office buildings with more than 100,000 square feet, three hotels and four retail buildings with more than 68,000 square feet.
A 172-unit seniors housing complex and 75 townhomes are also included. And a landscaped creek greenbelt runs through the middle of the project.
Buildings in Mustang Square would be between one and five stories.
JPI is one of North Texas’ biggest apartment developers, with over 3,100 apartments under construction in 2016.
By Steve Brown