Triten Real Estate Partners shares redevelopment vision and announces office and retail leasing teams.
October 5, 2021 – Triten Real Estate Partners announces today their timeline to complete the redevelopment of Plano Market Square Mall. Site work is planned to commence by the end of the year with the project fully delivering by the end of 2022. Once complete, the Plano Market Square Mall will transform from an outdated 1980s shopping relic into a modern, outdoor-friendly, mixed-use destination named “Assembly Park”.
Located along Central Expressway and Spring Creek Parkway, directly between the new Legacy Central development and the beloved Oak Point Nature Preserve, Assembly Park will feature 180,000 square feet of reimagined creative office space, 305 Class-A urban-style apartments and townhome units, and 16,000 square feet of walkable concept-driven retail and dining space. The office, retail, and residential surround newly developed parks and greenspace which will include a family-friendly kids play structure, dog parks, and an event stage providing visitors and users with a daytime escape and an evening hub of entertainment. Regular on-site programming will include outdoor fitness classes, live music, nighttime movie screenings, farmers markets, and festivals. Similar to its landmark adaptive reuse lifestyle redevelopment in Houston dubbed “M-K-T”, Triten will curate and oversee all programming elements internally. In addition to the parks, the entirety of the site will be surrounded by newly paved bike paths connecting the site’s visitors to the surrounding community and paths leading to Oak Point Nature Preserve - Plano’s largest park with over eight miles of concrete trails as well as kayaking and paddle boarding facilities, and the home of the annual Plano Hot Air balloon festival.
According to John Hardaway, Triten Real Estate partner and DFW lead, Assembly Park will appeal to today’s evolving workforce seeking a dynamic environment that promotes, health, safety, wellness, collaboration, convenient dining, outdoor space, and a place to live in a truly walkable environment with a true connection to nature. All these features resemble the needs of today’s employees and Assembly Park provides an environment for employers to hire and retain valuable nearby educated talent, providing a competitive advantage in today’s economy.
Assembly Park – designed by nationally acclaimed architecture firms Michael Hsu Office of Architecture and GFF Architects – addresses the shift in today’s work force which is more focused on convenience and proximity to home and daily amenities by providing employees the opportunity to start, progress, and end their day all within one location. Begin with an outdoor yoga class, grab a healthy breakfast or locally brewed coffee, hold a breakout collaborative session with your co-workers, meet clients for lunch, grab cocktail with friends and check out live music on the park before walking or biking home to your urban-style onsite apartment or townhome.
“Thanks to the City of Plano, the neighborhood and our talented development and design teams for making Triten’s vision a reality,” says John Hardaway. “We believe Assembly Park will offer residents, employers, and the community an offering unlike anything in DFW with a truly walkable, pedestrian, and family-friendly environment to gather, dine collaborate, and live with a focus on nature in an easily accessible and visible location.”
According to Scott Arnoldy, founder of Triten Real Estate Partners, Assembly Park is directly in line with Triten’s overarching vision of providing enjoyable mixed-use destinations that are inspired by people’s desire to reconnect and maintain a healthy and active lifestyle every day.
”We saw the potential to re-invent Plano Market Square Mall in the depths of the COVID quarantine,” says Scott Arnoldy. “Working with the city to embrace the Oak Point vision plan’s designation of a Village, we believe we have created a plan for a truly unique place to come work, live, or dine in a thoughtfully conceived development made for the post-COVID lifestyle.”
To lease the project, Triten has selected Nathan Durham and Duane Henley of Transwestern to lead the office leasing efforts and Ryan Smith and Gabi Shaff of Venture to lead the retail leasing efforts at Assembly Park.
For more information about the project and leasing opportunities, visit www.assemblyparkplano.com.