A joint venture between High Street Residential and Principal Real Estate Investors has opened Legacy Square, a 363-unit luxury community in Plano, Texas, a Dallas suburb. Construction on the Class A community started in 2021, with first units delivered in late 2022.
In November 2021, Principal Financial Group provided a $60.3 million construction loan for the project, according to Yardi Matrix information. The development team included Britt Design Group as interior designer and Andres Construction as general contractor, while GFF provided architecture services.
Legacy Square encompasses 22 buildings—two of which being reserved for amenities—spread across 17 acres. The unit mix includes one-, two- and three-bedroom layouts, varying from 737 to 2,051 square feet. Common-area amenities consist of a 2,300-square-foot business center, fitness center, clubhouse, playground, swimming pool and two conference rooms. In addition, there are more than 900 parking spaces and EV charging stations.
Located at 2100 Legacy Drive, the community is 5 miles from The Montgomery, another community developed by the joint venture that came online last year. Legacy Drive Village shopping mall, which includes several dining and retail options, is 1 mile away, while Carpenter Park Recreation Center and a Walmart Supercenter are within a 3-mile radius.
Earlier this year, High Street Residential partnered with Daiwa House Industry Co. for the construction of a 209-unit luxury community in Houston. The property is set to come online in the first quarter of 2025.
