Construction is officially underway on the first phase of Haggard Farm, a long-planned $750 million mixed-use development that aims to remake one of the largest undeveloped tracts left in Plano.
Work began last week on the initial phase of the project at the southeast corner of Parkwood Boulevard and Spring Creek Parkway, the Dallas Business Journal reported. The opening salvo will include about 100,000 square feet of retail, 350 multifamily units, 188 townhomes, hike-and-bike trails and a 3-acre park. Vertical construction on the retail buildings is expected to take roughly 14 months, with residential pre-leasing slated to begin about the same time. Phase one is expected to take about two years to complete.
Dallas-based Stillwater Capital Investments is developing the 142-acre site along the Dallas North Tollway, and broke ground on early infrastructure in 2023. The project has been in the works for years and finally brings large-scale development to land that remained mostly untouched for more than a century.
Plano, the largest city in Collin County, has a population north of 290,000 and is already packed with corporate campuses and mixed-use projects. Median home values hover at about $410,000.
Stillwater managing director Clay Roby said in a statement that Haggard family’s homestead existed on the development site for 170 years.
“The seeds for this development were planted generations ago,” Roby said.
When fully built out, Haggard Farm’s plans include roughly 200,000 square feet of retail, 700 apartments, 650,000 square feet of office space, a boutique hotel with a private social club and about 10 acres of green space. Retail anchors will include The Almanac 1856, an 8,000-square-foot farm-to-table restaurant and bar, and Haggard Hall, a 16,000-square-foot event barn. Both are expected to open in fall 2027.
Stillwater is partnering with Dallas-based Woodhouse on experiential elements, and with The Retail Connection on leasing. About 40 percent of the retail mix is slated for food and beverage, with an emphasis on vendors that sell what they produce. Plans call for gardens attached to restaurants, along with nods to the site’s agricultural past, including orchards, a fishing pond and even livestock.
Offices will come later, with build-to-suit opportunities planned for corporate users. Roby said designs and permits are already in hand, with marketing expected to begin in early 2026.
The Haggard family, which has owned the land since the mid-1800s, secured city approval in 2021 after discussions dating back to 2019. Historic structures on the property, including a mid-1850s home and a relocated schoolhouse, will be preserved and folded into the project — a nod to Plano’s past meeting its next wave of growth.
— Eric Weilbacher
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