The Benefits of Going Public-Private
- Jan 30, 2015
Plano, Texas—Junction 15, a predominantly residential mixed-use property in the Dallas suburb of Plano, has opened. Located at 930 East 15th St., the property is a public-private partnership between Southern Land and the City of Plano, which developed the property. Dallas Area Rapid Transit (DART) and the North Central Council of Governments also contributed to the development.
The 279-unit Junction 15 includes studio, one-, two- and three-bedroom apartments. Each floorplan was designed with a focus around larger living areas, walk-in closets and over-sized bathrooms. The first Junction 15 residents began moving in mid-December, and currently the property is 30 percent leased.
Outdoor amenities include a resort-style pool, a cabana with flat screen TV, grilling stations and lounge area. Indoor amenities include a fitness center and a cyber café equipped with Apple and PC options. Junction 15 also features a courtyard with lounge areas and Wi-Fi, as well as a wide tree-lined walk that wraps around the property.
The apartments sit above 8,000 square feet of retail space anchored by a 7-Eleven convenience store. Other retailers in the space include Paws Dog Barkery, The Day Spa, Amazeballz and Sweet as Sugar Children’s Boutique. Directly across the street is a five-acre park with jogging trails as well as direct access to the DART light rail that serves most of the DFW area.
In addition, McCall Plaza is directly adjacent to the property. It’s a small public space that is slated for $1 million in improvements, including an outdoor cafe, community events pavilion and upgraded hardscape and landscape. Currently on display in Junction 15’s leasing center are a trio of commissioned paintings by artist Stephen Hall, featuring indigenous animals from the region, as well as various other shapes and objects.