A 500-acre development straddling the border of Allen and Fairview began to rise last month with the groundbreaking of a 210-unit apartment building.
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The master-planned development Sloan Corners at the intersection of U.S. 75 and Highway 121 is the latest undertaking by Dallas-based Billingsley Co. The first phase of its multifamily component, dubbed Hartwood East, is a four-story building on the Allen side of the development, The Dallas Morning News reported. Leasing is scheduled to kick off toward the end of next year.
A 269-unit adjacent complex should be ready for move-ins by spring 2026, according to the DMN.
At full build-out, Sloan Corners could include 10.4M SF of offices, about 6,000 multifamily units, 220K SF of retail, 620 hotel rooms and more than 50 acres of parks and open space. The total cost could top $3B.
Billingsley launched a partnership with the landowners, the Petefish family, in 2019 to build out the 242-acre Fairview portion of the project, Bisnow previously reported. The firm purchased the remaining acreage in Allen two years later.
The Sloan Corners development comes on the heels of massive population growth in once-sleepy Collin County suburbs. Allen’s population has increased 33% since 2010, while Fairview’s resident base grew nearly 12% between 2020 and 2021.
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