Sam Sayani, President of Thakkar Developers, provided an update on the firm’s current projects and discussed key trends in the Dallas-area commercial development industry at a Bisnow event on September 6th.
Sayani was one of the panelists discussing Development Trends: Getting Deals Done, Booming Submarkets, Opportunity Zones, Public-Private Partnerships. He shared insights based on his experience developing Alliance Airport while serving as an executive with American Airlines and as a financial consultant in Dubai. He also provided an overview of Thakkar Developers’ portfolio of over $500 million of development projects in Allen, McKinney and Plano along the 121 “Blue Diamond Corridor.”
Addressing the importance of partnering with local communities to successfully develop mixed-use projects, Sayani told the audience about Thakkar Developers’ experience with their Mustang Square project. After initial opposition to plans for the development, neighboring homeowners and the City of Plano approved zoning for the 36 acre project. The City of Plano noted how Thakkar Developers listened to input from the community and created a unique development “that is not typical to a residential and commercial corner in Plano” with open space and high quality streets including trees and wide sidewalks.
The Public Utility Commission (PUC) in January denied Brazos Electric Power Cooperative the ability to build a new substation in the area of State Highway 121 and Alma Drive in northwest Allen. Group CEO Sam Thakkar was one of several landowners and community leaders to testify in Austin against the expansion.
Restaurants, shops, apartments and townhomes are on the way with the last vacant corner in Allen at U.S. 75 and Stacy Road now under constructionRead More
School performance, cost of living, crime and safety, amenities and more among the reasons Niche has listed Plano as the No. 3 best place to raise a family nationwide.Read More
The Plano City Council approved plans for the mixed-use development along State Highway 121 and Rasor Blvd. The 46-acre site on one of Plano’s most-prominent pieces of undeveloped land would include 95 townhouse lots, a mix of retail stores and restaurants, and 140,000 square feet of office space.Read More
Collin County’s population is expected to double before 2030 and surpass the number of people in Dallas and Tarrant counties with a population of more than 3.5 million by 2050. McKinney, alone, has grown by 365 percent in the last 20 years.Read More
Job growth, median home price appreciation, affordability, and economic environment all factor into annual WalletHub study, which names McKinney and Allen No.2 and No. 3 respectively.Read More
Thakkar Developers has acquired a 46-acre site along State Highway 121 and Rasor Blvd. for development of a mixed-use project to include residential, retail, and office. The site is located just minutes from the Dallas North Tollway, U.S. 75, and new corporate headquarters of Toyota Motor North America.Read More
The Dallas-Plano-Irving area ranked No. 1 on Forbes’ 2018 list of the best cities for jobs, recording 25.6 percent job growth since 2006. In addition to posting growth in virtually every sector Forbes measures, the region offers financial factors attractive to both companies and workers.Read More