The Howard Hughes Corp. has plans to sell Monarch City, a 230-acre transformational development site in the Dallas/Fort Worth-area community of Allen, Texas. JLL was selected to market the property.
Monarch City comprises 230 contiguous acres bounded by the Central Expressway (U.S. Route 75) and the Sam Rayburn Tollway (State Highway 121) in a Planned Development District (PD-139). PD-139 allows for a flexible form-based mix of development types and the site has been master planned for up to approximately 10 million square feet of multifamily housing, office, retail and hospitality use. The multifamily housing component has been approved for up to 4,000 units with no maximum density requirements, while the office space will have customizable options from large campus layouts to smaller build-to-suit and speculative opportunities to accommodate the full range of tenants, again without any maximum density restrictions. Monarch City will be anchored by a central park a
