August 3, 2015 – New York, NY – Legacy West, Plano, Texas’ newest urban destination is set to further amplify the city’s rising economy and satisfy the demands of the country’s most sophisticated consumers. With the grand opening scheduled for March 2017, Legacy West boasts 335,000 square feet of open-air retail and restaurant space, ensuring that prestigious brands and premier restaurants will give fashion and food enthusiasts reason to visit time and again. At the helm of Legacy West is The Karahan Companies, a fully-integrated real estate development, property management and investment firm that has been actively involved in Dallas-Fort Worth Real Estate since 1982. To assist in curating a premium blend of retailers and restaurants, Karahan has joined forces with Open Realty Advisors, a renowned real estate firm lauded for spearheading the retail growth of Apple, Restoration Hardware, Warby Parker, Tesla, J. Crew and many more. In addition to its success in growing consumer brands, Open Realty has also been an integral part of the team for high-profile projects such as River Oaks District in Houston and Buckhead in Atlanta, as well as significant redevelopments including Henderson Avenue in Dallas.
Iconic and emerging retailers, Fortune 500 companies and consumers alike are taking notice of the explosive growth in the City of Plano, making Legacy West a welcome addition to the Dallas-Fort Worth marketplace. Located just 22 miles north of downtown Dallas, Plano was voted “Best Place to Live” in the Western United States by CNN Money and ranked one of the “top three suburbs to live well.” Plano was also recently awarded a 4-STAR rating for their willingness to lead in creating a city where people can prosper, as well as generating programs for preserving the environment and providing residents with a high quality of life.
Among the wealthiest cities in Texas, with a median household income in the top 1%, Plano boasts exemplary public schools (10th best in the country) and was named “America’s Safest City” by Forbes.
Legacy West is located in the heart of Legacy Business Park, (2,600 acres and over 18 million square feet of corporate and regional headquarters), and directly across from Legacy Town Center/The Shops at Legacy, a 168-acre, nationally recognized master-planned development of boutique retail, best-in-class restaurants, urban-style homes, corporate and regional headquarters, a full-service hotel and over eight acres of public parks and trails. Developed by Karahan, Legacy Town Center has enjoyed 16 years of success as a renowned gathering place for North Texas residents and corporate clientele. Legacy West will be a natural extension of and the ideal high-end complement to Legacy Town Center.
Given the booming economy and bustling energy of North Texas, it’s no wonder companies such as Toyota Motor Corporation, FedEx Office Corporation, and Liberty Mutual Insurance have chosen to make Legacy West their home. These three companies alone employ over 13,000 people and will account for more than $1.7 billion in new annual payroll. Six additional Fortune 500 companies (PepsiCo, Frito-Lay, J.C. Penney Corporation, Dr Pepper Snapple Group, Pizza Hut/Yum Brands and HP Enterprise Services) have long been residents of the award-winning Legacy Business Park.
According to developer Fehmi Karahan, “We want to provide residents and visitors of North Texas access to a wealth of high-end amenities, residences and employment opportunities in one central location. Legacy West will have it all – the best places to live, work, eat, play and shop – in a vibrant yet relaxed atmosphere.”
Karahan and Open Realty are working together to bring the finest mix of high-end fashion, from global brands to local boutiques, as well as a collection of highly acclaimed restaurants offering an extensive variety of cuisine. Legacy West will also feature a stunning 31-floor condo tower as well as 1,200 luxury apartments and 125 urban villas that will all compliment the urban landscape of Legacy West. The modern sophistication of the 303-room Renaissance Legacy Hotel in Legacy West will provide a perfect setting for mingling business with pleasure.
Legacy West, the destination where some of the best names in fashion, dining, residential, business, entertainment and hospitality, come to shine – modern sensibilities abound in a chic thriving community with EVERYTING to offer…