Transactions - MAY 7, 2021

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Craig International to develop $250m mixed-use project near Dallas

by Released

Craig International has plans to develop a $250 million mixed-use development in McKinney, Texas, and has broken ground on the project, known as District 121.

The District 121 mixed-use development is located at the northeast corner of State Highway 121 and Alma Road. The $250 million project, which is on 17.85 acres adjacent to Craig Ranch and anchored by Kaizen Development’s 200,000-square-foot, class A, eight-story office tower, will be a destination retail, corporate and restaurant development that includes approximately 40,000 square feet of retail and 520,000 square feet of office, along with other uses such as a hotel.

“We see District 121 and adjacent Hub121 as complementary to each other,” said David Craig, CEO of Craig International, who is developing the project with partner Miles Prestemon and property owner Baber Younas. “There are 7,000 people here in a two-block walk radius — the only place in the metroplex with that level of built-in sustainab

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