Groundbreaking for the McKinney Corporate Center at Craig Ranch was held Thursday, June 13. Developers of the new corporate campus, City officials and community partners celebrated the start of construction.
Mayor Brian Loughmiller, Craig Ranch Developer David Craig and State Representative Scott Sanford at the groundbreaking for the McKinney Corporate Center Craig Ranch.
Craig Ranch has the location, amenities and access to attract large and midsize build-to-suit projects and up to 2.5 million square feet available to develop.
Addressing the crowd at the groundbreaking, Mayor Brian Loughmiller said, “My message to corporate America is this, ‘We’re ready for you and we’re open for business. Come to McKinney and discover why McKinney has been recognized as the Number 2 Place to live and relocate in the United States.’ In order to move forward, you need to be bold and make bold decisions. We have a clear vision and recognize our responsibility to make wise investments for the future of McKinney.”
Craig Ranch has a highly visible, easily accessible location along the Sam Rayburn Tollway, between Alma and Custer roads. It is a 2,200-acre master-planned business, retail and residential community. The Corporate Center will be part of the 270-acre Craig Ranch employment district.
David Craig, developer of Craig Ranch and President of Craig International concluded with, “It’s coming. It’s time. McKinney has arrived. We look forward to sharing more great announcements with you in the near future.”
The original June 13 press release appears on the next page.
McKinney Plans More Aggressive Approach to Corporate Recruiting
McKINNEY, Texas, June 13, 2013 /PRNewswire/ -- A groundbreaking ceremony today marks the beginning of construction on the McKinney Corporate Center Craig Ranch. The project is an aggressive attempt by the City of McKinney and Craig Ranch to capitalize on the city's reputation as one of Money Magazine's Best Places to Live and the exceptional access provided by the Sam Rayburn Tollway. The ceremony will take place at 11:00 a.m. at Henneman Way just east of Weiskopf Avenue in Craig Ranch.
"We want McKinney to be on the short list for corporate relocations from around the North Texas region and around the country," said McKinney Mayor Brian S. Loughmiller. "As the economy improves McKinney is actively recruiting new businesses in the U.S. and abroad with a competitive package of economic incentives, world class amenities and a family oriented life-style that has been consistently rated as one of the best in the nation."
The McKinney Corporate Center Craig Ranch was created through a public-private partnership between the City of McKinney and Craig Ranch. The project is expected to attract large and midsize build-to-suit projects with more than 2.5 million square feet available for development. It is part of the 2,200-acre award-winning Craig Ranch master-planned community and sits along a nearly two mile portion of the 12-lane Sam Rayburn Tollway.
The approximately 137-acre site is being developed with the help of $5 million in incentives from the city to fund additional infrastructure including Grand Ranch Parkway, a new entrance road from the Sam Rayburn Tollway, new corporate center monument signage and a lake park that will feature restaurant sites overlooking the water. Craig Ranch will also invest another $3 million in infrastructure improvements.
"No community can offer the McKinney lifestyle in such close proximity to D/FW airport and Collin County Regional Airport," said McKinney City Manager Jason Gray. "D/FW is truly a gateway to the world and Collin County Regional Airport is an ideal location for corporate aircraft."
"As Craig Ranch has developed and added amenities, it has become the ideal time to launch the corporate center," said David Craig, Master Developer of Craig Ranch. "The Corporate Center is part of the 270-acre Craig Ranch employment district that will feature additional housing opportunities and offer an environment where individuals and families can work, live and play.
"Our joint venture with the city provides an ideal partnership for marketing worldwide," said Craig. "Businesses are looking to expand in areas with low taxes, a highly skilled workforce, a reasonable cost of living and worldwide access for corporate and commercial aircraft. All of that and more is here in an exceptional setting."
"When corporations are considering their headquarters relocation, they are looking for a total package to meet employee and business demands," said Jones Lang LaSalle DFW President Paul Whitman. "The completion of the Sam Rayburn Tollway and the amenity-rich area offers opportunity for any company anticipating a move to North Texas. Craig Ranch is second-to-none and McKinney offers a variety of residential options, exemplary schools and access to DFW International and Collin County Regional Airports."
"Despite being one of the country's fastest growing communities McKinney has room to grow because it is only 35percent built out," said Jim Wehmeier, President and Chief Executive Officer, McKinney Economic Development Corporation. "McKinney is now aggressively seeking out and incentivizing new quality development."