Dallas-based developer StreetLights Residential has announced plans to construct a 22-story luxury apartment tower along with three adjacent townhomes on the site of the former JCPenney headquarters in Plano. Construction is slated to begin this month, with completion anticipated by February 2029.

The high-rise will feature 261 residential units, including one-, two-, and three-bedroom apartments ranging in size from 682 to 2,843 square feet. The three townhomes will each span approximately 3,300 square feet and include three bedrooms and three and a half bathrooms. The development will offer a range of amenities such as a three-tiered resort-style pool with private cabanas and televisions, a golf simulator, fitness center, sunroom, 24-hour concierge service, and weekend valet parking.

Greg Coutant, senior vice president of development at StreetLights Residential, described the project as bringing “a level of quality and design that has not been seen before in the suburban Dallas market,” highlighting its appeal to residents seeking a refined, maintenance-free lifestyle with convenient access to local amenities.

The site occupies nearly three acres within the roughly 107-acre former headquarters campus, which was once the largest vacant office property in the northern Dallas suburbs. In 2021, Austin-based Capital Commercial Investments acquired the entire campus with plans for renovation and redevelopment. The area borders the Legacy West mixed-use development, which hosts major corporate tenants such as Toyota, JPMorgan Chase, Liberty Mutual Insurance, and FedEx Office.

In a separate residential development, Realty Capital Management has commenced construction on Westhill Park, a subdivision planned to include approximately 600 homes on the western edge of Mansfield. Located at 1791 Newt Patterson Road, the first phase will deliver lots for about 200 homes, with prices expected to range from $650,000 to $1.5 million.

Tim Coltart, managing director at Realty Capital, noted that grading is nearly complete and utility installation has begun, with homebuilder lot deliveries scheduled for spring 2027. Initial project infrastructure investment—including grading, utilities, and paving—is estimated at $19 million, while the overall development’s value is projected to reach around $500 million.

The Mansfield project aligns with city initiatives to develop the western area and enhance green spaces. In 2024, the city purchased 100 acres adjacent to the development to establish a public park connected to the regional Walnut Trail network. “Every home will be within maybe 600 feet of a hike and bike trail,” Coltart said, emphasizing the community’s integration with Mansfield’s trail system.

Additionally, a 1.28-acre property at 3601 Cedar Springs Road in Dallas recently changed ownership. KC Turtle Creek Owner LLC purchased the site from Bill Y Bob Partners LLC. While specific plans have not been disclosed, the zoning permits building heights up to 240 feet and allows for apartment, office, or hotel uses. The seller was represented by JLL Capital Market’s Investment and Sales Advisory team, including managing directors Jonathan Carrier and Michael Swaldi, executive chairman Jody Thornton, and associate Adam McDaniel.