Fehmi Karahan – one of the original partners in the West Plano mixed-use project – said he’s purchasing about 9 acres on Legacy Drive in front of J.C. Penney’s corporate offices.
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The vacant land will be used for a bank building and a hotel, he said.
As part of the deal to lure JPMorgan Chase’s regional office campus to Legacy West, Karahan said he worked with the banking and financial giant to secure a prime retail bank building location. The planned Chase building will be at the northwest corner of Legacy and Communications Parkway on the land Karahan is buying.
“It’s going to look very special – not your typical bank,” he said.
Karahan said the rest of the 9-acre tract will be used for a luxury, high-rise hotel. He’s talking to hotel firms and hopes to have a deal lined up soon.
The Dallas Morning News has an article on this saying they're planning a 29-story apartment tower in the development. Did they switch uses? This article makes no mention of a hotel.
The Dallas Morning News has an article on this saying they're planning a 29-story apartment tower in the development. Did they switch uses? This article makes no mention of a hotel.
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