‘We’ve got to play by Plano’s rules’: Latest buyer linked to Collin Creek Mall calls for few, if any, apartments

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(Cassidy Ritter/Community Impact Newspaper)

A new developer has positioned himself as the frontrunner to purchase and revamp Plano’s ailing Collin Creek Mall into a mixed-use district—but unlike a number of similar projects in the area, the prospective buyer’s plans are not expected to include traditional apartment units.

Farmers Branch-based real estate firm Centurion American has part of the mall under contract and is participating in negotiations to acquire the Sears, Macy’s and Amazing Jake’s anchor store properties, the firm’s President and CEO Mehrdad Moayedi told Community Impact Newspaper on Monday.

Parts of the plan—particularly its residential components, which feature hundreds of town houses and condominiums instead of apartments—were designed with local political realities in mind, Moayedi said.

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