AEDC Development Update Presentation
Watters Creek
Mixed-Use District
Watters Creek District
Key Properties
• Watters Creek Village
• One Bethany at Watters Creek
• Marriott Dallas Allen Hotel & Convention Center
• Netscout
• One Allen Center
• Allen Tech Hub
With the award-winning Watters Creek District, employers can have an office walkable to highly desirable amenities
Watters Creek Village
Watters Creek Village
• Over 90 shops & restaurants
• 97,000 SF of Class A office
• 52 acres of lush landscaping & greenspace
Watters Creek Village
Retail Broker: Cole Blocker, DuWest Realty
Office Broker: Ruth Griggs, Thirty-Four Commercial
Allen Tech Hub
Top two full floors available: 50,000 SF
• 105,000-SF Class A office building
• Competitive rental rate
• Tenant lounge, Grab & Go café
• Building signage available
• Located in Watters Creek District
• Walkable to retail & restaurants
• US 75 Frontage
• Open 25,000 SF floor plates & 90% garage covered parking
• 1,500 – 3,500 SF spec suites
Broker: Sayres Heady, Heady Investments
Watters Creek Office Park
Marriott Hotel & Watters Creek Convention Center
Total of 79,000 SF of meeting space
• 300 room hotel
• 15 break-out rooms
• 40,000-SF convention room
One Bethany at Watters Creek
One Bethany West & East
• First class amenities include on-site virtual golf simulator, conference centers, tenant lounge & fitness centers with shower facilities
• Access to Watters Creek Village
• Substantially leased, spec suites available
Broker: Dillon Buhrkuhl, Pillar Commercial
36,000-SF Sublease Available at One Bethany West
• Former Micron space
• Fully furnished, like new condition
• Sublease terms through September 2031
• 11,000 SF on 1st floor + 25,675 SF on 2nd floor
Broker: Charlie Beck, Cushman & Wakefield
Available Sublease
Video: Sublease at One Bethany West
One Bethany North & One Bethany Central
• Both AEDC-owned sites available for build-to-suit
• One Bethany North - 9 stories
• Partnership with Pillar Commercial
• Significant green space
• Planned restaurant/café
• 1.2 million SF space planned
Broker: Dillon Buhrkuhl, Pillar Commercial
One Bethany North
One Bethany Central
One Bethany North
Video: One Bethany North
US 75 / Allen Available Buildings
A AEDC Owned Land
• +/- 100,000 SF spec building construction
• Tech/flex space with office finish
• Focus on Tech Manufacturing users
Example Architecture
B Allen Tech Center
500 W Bethany
84,936 SF
Sublease Available +/- 10,190-49,865 SF
Office or Tech/Flex Space
High Ceilings, Dock Doors
Brokers: Brett Lewis, Jessica Reinhardt, Lee & Associates
Available Space
C MonkeySports
105 W Bethany Dr.
Total building: 261,700 SF
For lease: 83-112,000 SF
Commercial
Broker: Matt Middendorf, Middendorf
Future Opportunity: Experian Campus
• 26.5 acres, US 75 frontage
• Redevelopment opportunity
• Purchased by Formation Interests in 2023
• Buildings constructed in 1983
Watters Creek Village
Experian Campus
E
Jack Henry - Building Available
Watters Creek
Village
BethanyDr.
Development
Contact: Jordan Wade, Transwestern
For Lease or Sale
story 92,066 SF, built in 2000 519 parking spaces (5.64/1000 parking)
F Allen Flex Center
106,000 SF of tech/flex space
• Buildings A & B – 29,000 SF each
• Buildings C, D & E – 16,000 SF each
Delivering Q1 2026
Shared dock for business park
Retail, office/showroom & light industrial uses
Development Contacts: Reid Caldwell, Clayton Hughes Longbow Companies
Greenville Ave.
Bethany Dr.
Project Wins
AEDC Recruitment Incentives
Onsemi Relocates to Allen
• Semiconductor chip design center
• Leased 97,500 SF; 12-year term
• 352 jobs
• $35 million capital expenditure
• Fortune 500 company
• Eliminated largest office vacancy
• One of largest DFW deals
Omnilife Campus
• US HQ & Distribution
• Capital Investment of $40M
• Two building campus - 160,000 SF
• 140+ employees
• Museum quality office
• International Nutraceutical Firm
Moss Construction
• 25,000 SF office lease at FarmWorks One
• Regional HQ for Construction Firm
• 60+ employees
• $3.6M capital investment
• Innovative, sustainable firm working across a variety of industries
Allen Exchange Business Center
by Gillett Commercial
BMK Industries
Landlord Reps:
Katherine Jessen Pool & Mac Morse, Citadel Exchange Parkway
Fully Leased
Project Announcement: BMK Industries
• B2B compounding pharmaceutical manufacturing
• 50,800-SF facility
• $24M capital investment
• 130 new jobs
• Serves hospitals, outpatient clinics, surgery centers, long-term care facilities, veterinary clinics & government institutions
Downtown Allen
McDermott Dr.
Downtown Allen Cultural Core
Old Post Office Block
Boyd Drive
Old Fire Station Block
3 Block Downtown Catalyst Area
Downtown Allen Redevelopment Project
Phase 1 of Redevelopment
Building B 1-Story Stage (2,000 SF)
Building A 2-Story Retail (14,000 SF)
Building D - Annex (1,580 SF)
Building E 1-Story Existing (2,080 SF)
Building C 1-Story Existing (2,800 SF)
Downtown Rooftop Patio Aesthetic
Misting fans
Pergolas
Rooftop
seating
121 Mixed-Use Districts
Allen, Texas
Mixed-Use Projects on SH 121 Corridor in Allen
1. Crestview: 60 Acres Trammell Crow
2. Allen Gateway: 75 Acres North American Properties
3. The Avenue: 80 Acres
Thakkar Developers
4. The Farm: 135 Acres
JaRyCo Development
5. Kalahari: 123 Acres
6. Omnilife: 10 acres
Heady Investments
7. 121 Tech Park & Mixed-Use: 75 Acres Stillwater Capital
8. Sloan Corners: 261 Acres
Billingsley Co.
Crestview 121 & Custer Rd.
Crestview - Trammell Crow ESTIMATES
60 Acre Project
Office: 200,000 SF
Hotel: 200 Rooms
Retail/Rest: 60,000 SF
Central Park: 5 acres
Grocery: 118,900 SF
Urban Res: 1,200 Units
Townhomes: 100 Units
Infrastructure Complete
Crestview Central Park
Office Site
West Office
4 levels: 152,137 SF
East Office or Hotel
5 levels: 83,430 SF
Parking Garage: 800 spaces
Brokers: Alexandra Cullins & Trey Smith, CBRE Restaurants
Trammell Crow and Allen Gateway
Office:
750,000 – 1,000,000 SF
Retail/Entertainment: 330,000 SF
ALLEN GATEWAY
CRESTVIEW (Trammell Crow)
13-Acre Office Campus Opportunity: Custer to Exchange on SH 121
Trammell Crow Office/Hotel
Allen Gateway
1. Crestview: 60 Acres Trammell Crow
2. Allen Gateway: 75 Acres North American Properties
3. The Avenue: 80 Acres
Thakkar Developers
4. The Farm: 135 Acres
JaRyCo Development
5. Kalahari: 123 Acres
6. Omnilife: 10 acres Heady Investments
7. 121 Tech Park & Mixed-Use: 75 Acres Stillwater Capital
8. Sloan Corners: 261 Acres
Billingsley Co.
650,000
Allen Gateway at Twin Creeks
Retail Paradigm: 2 Projects
Southern retail building
1-story 16,200 SF
Northern retail building
2-story 22,000 SF
Broker: Tim Axelrod, Shopco
Broker: Tim McNutt, DBA Realty
The Ranch at Allen Gateway
• 10-acre office campus
• Two office buildings
• Adjacent to Katy Trail Ice House
The Ranch at Allen Gateway
• 180,000-SF office
• Connected to hike & bike trail system
• Strong Allen EDC
Incentives for BTS
Campus - The Ranch in
Allen
Video: Katy Trail Ice House Ranch & The Offices at The Ranch
The Avenue
1. Crestview: 60 Acres Trammell Crow
2. Allen Gateway: 75 Acres North American Properties
3. The Avenue: 80 Acres
Thakkar Developers
4. The Farm: 135 Acres
JaRyCo Development
5. Kalahari: 123 Acres
6. Omnilife: 10 acres Heady Investments
7. 121 Tech Park & Mixed-Use: 75 Acres Stillwater Capital
8. Sloan Corners: 261 Acres
Billingsley Co.
Ridgeview Drive
SW 121 & Alma Dr.
The Farm in Allen
1. Crestview: 60 Acres Trammell Crow
2. Allen Gateway: 75 Acres North American Properties
3. The Avenue: 80 Acres
Thakkar Developers
4. The Farm: 135 Acres
JaRyCo Development
5. Kalahari: 123 Acres
6. Omnilife: 10 acres Heady Investments
7. 121 Tech Park & Mixed-Use: 75 Acres Stillwater Capital
8. Sloan Corners: 261 Acres
Billingsley Co.
The Farm in Allen SE 121 & Alma Dr.
Open Now
• West Lake Park
• The HUB (food hall & entertainment)
• Chicken N Pickle
• Alta urban residential
• Watters Edge townhomes
• FarmWorks One Office
Coming Soon
• High 5 Entertainment
• Additional retail & restaurants
• Hilton Home2 Suites Hotel
• Zom - Haven Active Senior Living
The Farm in Allen
FarmWorks One: Now Leasing
FarmWorks One:
Class A Office Building
• Three-story 102,000-SF spec office
• Dedicated 4/1,000 space parking garage
• Walkability within The Farm district
• Delivered September 2024
• 51,000 SF available
Lead tenants: Fibergrate Composite Structures HQ
Moss Construction
Brokers: Nathan Durham, Duane Henley, Newmark
MKA International
Entertainment #1: The HUB Food Hall & Entertainment
Entertainment: The HUB Food Hall & Entertainment
• Two story dining pavilion
• 12+ restaurant concepts
• Indoor/outdoor gathering space
• Family-friendly community events
• Multiple dining concepts
• Weekly programming & events
• 25’ LED screen for sports, concerts & movies
• Opened in 2022
Entertainment: Chicken N Pickle
• Now open!
• Pickleball courts & yard games
• Chef-driven restaurant & sports bar
• Rooftop dining
• Corporate & social event spaces
• Indoor/outdoor center
• Upscale food & beverage
• 24 bowling lanes & lounge
• 2-story laser tag arena
• Axe throwing
• Event spaces & escape rooms
• Miniature golf course
• Coming Soon
Hilton Home2 Suites Hotel (124 rooms)
Residential Amenities:
Alta & Watters Edge at the Farm, Haven Active Senior Living
Future Kalahari Resort
Kalahari Resorts
Crestview: 60 Acres Trammell Crow 2. Allen Gateway: 75 Acres North American Properties 3. The Avenue: 80 Acres
Thakkar Developers 4. The Farm: 135 Acres
JaRyCo Development
5. Kalahari: 123 Acres
6. Omnilife: 10 acres Heady Investments
7. 121 Tech Park & Mixed-Use: 75 Acres Stillwater Capital 8. Sloan Corners: 261 Acres
Billingsley Co.
Kalahari Resorts Committed to Allen
• 1.2 million SF resort on 123 acres
• Includes:
• 900+ guest rooms
• 65,000 SF conv. center
• Indoor/outdoor water park & FEC
• $950 million investment
• 1,000 employees
• Undergoing P&Z review
• Construction expected to begin 2027 & open by 2030
Indoor and Outdoor Water Park
Family Entertainment Center
Business Convention Center
900+ Room Hotel
14+ Food & Beverage Outlets
Omnilife Campus
1. Crestview: 60 Acres Trammell Crow
2. Allen Gateway: 75 Acres North American Properties
3. The Avenue: 80 Acres
Thakkar Developers
4. The Farm: 135 Acres
JaRyCo Development
5. Kalahari: 123 Acres
6. Omnilife: 10 acres Heady Investments
7. 121 Tech Park & Mixed-Use: 75 Acres Stillwater Capital
8. Sloan Corners: 261 Acres
Billingsley Co.
Omnilife Campus
• 72,000-SF Tech/Flex for Lease
• US HQ & Distribution
• Capital Investment of $45M
• Two building campus totaling 160,000 SF
• 140+ Omnilife employees
• Museum quality office
Broker: Blake Troiani, Holt Lunsford Commercial
Omnilife US HQ
For Lease 72,000 SF
Omnilife Campus under construction
121 Tech Park & Mixed-Use
Properties
1. Crestview: 60 Acres Trammell Crow
2. Allen Gateway: 75 Acres North American Properties
3. The Avenue: 80 Acres Thakkar Developers
4. The Farm: 135 Acres JaRyCo Development
5. Kalahari: 123 Acres
6. Omnilife: 10 acres Heady Investments 7. 121 Tech Park & Mixed-Use: 75 Acres Stillwater Capital
8. Sloan Corners: 261 Acres Billingsley Co.
121 Tech Park & Mixed-Use
AEDC-Owned 10.42 Acres:
Office & Retail
Townhomes
Tech/Flex Manufacturing Buildings
121 Tech Park
Phase 1: 370,000 SF 55% leased
Phase 2: 370,000 SF planned
Flexibility to support a larger build-to-suit
Broker: Ken Wesson, Lee & Associates
Building E: Available Now!
Chelsea Commons Townhome Construction Update:
129 units
121
Tech Park & Mixed-Use
10-acre lot owned by AEDC: Office, Retail & Restaurant
Retail Site +/- 3.5 Acres
Remainder
Office/Garage Site
2 office buildings totaling 200,000 SF +/- 3.5 Acres at the corner for retail / restaurant space
Central shared parking garage for ultimate build out
AEDC 10.4 Acres: Chelsea & 121
Sloan Corners
1. Crestview: 60 Acres Trammell Crow 2. Allen Gateway: 75 Acres North American Properties 3. The Avenue: 80 Acres
Thakkar Developers 4. The Farm: 135 Acres
JaRyCo Development
5. Kalahari: 123 Acres
6. Omnilife: 10 acres Heady Investments
7. 121 Tech Park & Mixed-Use: 75 Acres
Stillwater Capital 8. Sloan Corners: 261 Acres Billingsley Co.
Sloan Corners: West and East
1st Phase:
1st Phase:
Fairview:
Sloan Corners: Phase 1
Art, Sculpture & Entertainment in Bravo Park
Dog Parks
Sloan Corners: City Futsal
• 4 covered, enclosed fields
• Hard surface & turf
• Youth & adult leagues
Sloan Corners: Bravo Park Lake Façade
Phase 1 Urban Residential: Hartwood
Sloan Corners Phase 1: Hartwood
Sloan Corners: Future Office
Corner of Chelsea & SH 121
AEDC SITE
Billingsley
Corner Site
Corner of Chelsea & SH 121
Sloan Corners: Retail on SH 121
