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Howard Hughes teams up with Texan city for 270-acre project

Dallas-based developer Howard Hughes Corp. is teaming up with the city of Allen, Texas, to build a 270-acre mixed-use development, the Dallas Business Journal reported, citing the company's senior vice president of development, Mark Bulmash.

The master-planned Monarch City project is slated to include 4,000 multifamily residential units, two hotels, about 4.25 million square feet of office space and 300,000 square feet of retail space.

Howard Hughes will submit a zoning application for the development, which will span 8.7 million square feet of office, retail, residential and green space, in 2018, the publication said, adding that construction could last seven to 10 years. Howard Hughes and the city are working to create a flexible plan for the project, the publication said.

JLL was enlisted to lead the marketing and office leasing for Monarch City.

Former owner GGP Inc. had originally planned to construct a mall on the site, which is on the corner of the Sam Rayburn Tollway and U.S. 75, according to the report.