Not Your Plain Ol' Plano, Looks Like
The downtown Plano of tomorrow, which looks like ... the London of yesterday
Scott and Tracey Schaefer's Lexington Luxury Builders is responsible for several townhouse developments and custom homes in the area; and till now, much of their work's been done around Oak Lawn and Uptown. But this morning, GlobeSt.com brings word about their mysterious "Plano Project" -- about which there's no info on the LLB Web site, where it says only, "Details coming soon!"
Turns out, it's a $26-million project called, rather cumbersomely, Lexington Park at Rice Field, and much of the financing for the retro-looking development comes courtesy an unnamed "New York City-based equity partner." The Central Expressway-based LLB has been trying to develop the 6.3-acre tract for two years, and now expects to begin selling townhouses by the middle of '08 -- and in a much-coveted piece o' property in downtown Plano, down Avenue G between 16th and 18th streets, which, notes GlobeSt.com, is "the site of Plano's first high school football stadium and two blocks from DART's light-rail station." And: It's in Plano's Historic District. --Robert Wilonsky
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