Peak Development Partners sold a 14-acre parcel of land at the corner of El Dorado Parkway and Stonebridge Drive in McKinney, Texas, to SLX Development for an undisclosed amount.
SLX Development is in the planning stages to develop a mixed-use property on the site.
Peak Development Partners originally acquired a total of 18 acres in October 2023. The company will break ground in the second quarter of 2024 on four retail pad sites on the remaining four acres which will feature a restaurant, auto service, car wash and other uses. These pads are scheduled to be open by year end or Q1 2025.
This parcel is located at a signalized intersection across the street from McKinney Methodist Hospital with more than 350 employees as well as a new H-E-B anchored retail center. The area has also experienced recent residential and medical growth with several new projects on the horizon.
Peak Development Partners represented itself in the sale. SLX Development was represented by Evan English and Tim McNutt of DBA Real Estate.
