Watters Creek at Montgomery Farm, the popular 750,000-square-foot mixed-use destination in Allen is expanding with its much-anticipated new phase, the Lofts at Watters Creek, which will expand multi-family housing options. The expansion will be led by the partnership Trademark Property Co., the Fort Worth-based retail and mixed-use development, investment and services firm, and Pacific Coast Capital Partners, Coventry Real Estate Advisors, and Southern Land Company.
"The demand is high in this area and the unique resort-style lifestyle that Watters Creek offers its residents is a desirable mix of work, play, shopping and dining,” stated Terry Montesi, CEO of Trademark Property Company.
Watters Creek at Montgomery Farm broke ground in August on the expansion, which, when completed, will total 97,747 sq. ft. The new building will encompass 109 residential units ranging from 650 sq. ft. to 1740 sq. ft., in 14 different layout configurations from one to three bedrooms.
The Lofts at Watters Creek will offer a variety of options for those seeking a luxury lifestyle in the heart of Collin County. The Lofts finishes will have a high-end, contemporary tone, with materials such as stucco, metal and wood giving these new residences a distant and desirable feel.
Watters Creek is the first mixed –use property in the state of Texas to achieve a LEED certification in retail as well as residences. The existing and new office and mid-rise apartment spaces are designed, built and managed with “green” techniques at Watters Creek, and are incorporated into a master-planned community of walkable spaces, lush landscaping, public art, upscale shopping and top-notch dining.
Located at the south end of Watters Creek at the intersection of Highway 75 and Bethany Road in Allen, the new Lofts at Watters Creek will feature amenities such as a movement/exercise room, pool, and café. The expansion will be leased and managed by Southern Land Company.
The Lofts at Watters Creek are expected to open late 2015.
About Watters Creek at Montgomery Farm
Watters Creek at Montgomery Farm is a premier, resort-style shopping and entertainment destination in North Dallas set within 52-acres of lush landscaping and natural features that include a village green and running creek. The mixed-use development offers a vibrant combination of nationally-renowned retailers, local boutiques, restaurants, office space and high-end loft apartments. Built in 2008, Watters Creek was the first retail development in the State of Texas to be LEED-certified by the U.S. Green Building Council. Watters Creek is located at the intersection of North Central Expressway and Bethany Drive in the heart of Allen. For more information call 972-747-8000 or visit www.watterscreek.com.
About Trademark Property Company
Trademark Property Company is an operator, investor and developer of award winning enclosed regional malls, mixed-use town centers, and specialty, community and power centers. Since 1992, the Fort Worth, Texas-based Trademark has invested in, or developed over 10 million square feet of retail and mixed-use assets worth over $1.25 billion. Trademark’s experienced team of more than 80 employees is responsible for more than 7 million square feet of retail and mixed-use projects currently in operation, or development/redevelopment, including: Alliance Town Center (Fort Worth, Texas), Burr Ridge Village Center (Burr Ridge, Ill.); Carolina Row (Raleigh, N.C.), La Palmera (Corpus Christi, Texas), Napa Center (Napa, Calif.), Market Street Flowood (Flowood, Miss.), Market Street – The Woodlands (The Woodlands, Texas), Saddle Creek (Germantown, Tenn.), The Shops at Highland Village (Highland Village, Texas), The Shops at La Palmera (Corpus Christi, Texas), Uptown Village at Cedar Hill (Cedar Hill, Texas); Victory Park (Dallas, Texas), Village Arcade (Houston, Texas), Watters Creek (Allen, Texas), Waterside (Fort Worth, Texas), and WestBend (Fort Worth, Texas). For more information, visit www.trademarkproperty.com.