Mall News

Sweet old Collin Creek Mall in Plano is due to get a $1 billion redo

Sweet old Collin Creek Mall in Plano is due to get a $1 billion redo

Collin Creek Mall
A dozen or so vendors remain at the mall and will have to vacate the premises by June 1. Reddit

A fading mall in Plano is set to get a dramatic makeover. Plano's city council has approved the rezoning of land at 15th Street and US-75, home to the venerable Collin Creek Mall.

The mall opened in 1981, and has changed ownership a number of times. In its heyday, it had the only location of Kelly's Coffee and Fudge Factory from Beverly Hills, one of the first and only places in Dallas-Fort Worth to serve decently made espresso-based drinks. It had a great watch repair shop and was one of the first wave of malls to host a See's Candies kiosk.

But that was then, and this is now. In late 2018, it was acquired by Centurion American, the company owned by Mehrdad Moayedi, who also redid the Statler Dallas hotel.

Moayedi has proposed tearing down the existing anchor stores and remaking the mall into a boutique destination, as well as adding thousands of residential units, including 500 single-family homes and townhouses, and more than 3,000 apartments, to form a built-in audience for the retail shops.

Other plans include a movie theater and food hall, which is the hot trend du jour. An emphasis on pedestrians will include dedicating 9.5 acres to parks, and placing all of the parking underground.

According to WFAA, a dozen or so vendors remain at the mall and will have to vacate the premises by June 1. Moayedi told WFAA he has plans for restaurants, mom-and-pop stores, underground parking, residential units — even a crystal lagoon with a sandy beach. That'll totally happen.

The target date to break ground in July with a completion set for the end of 2021.