Development Updates in Plano: Lavon Farms, Collin Creek, and Market Trends for 2026

Brandon Scribner
4 days ago
3 min read

The following report was generated using Gemini Deep Research, with "$117M Japanese hotel, Lavon Farms: See 4 development updates from Plano" as the initial source.

If you are tracking development updates in Plano, you have likely noticed a shift. We are no longer in the era of easy expansion; we have entered a phase of strategic density and high-stakes redevelopment. As we approach 2026, four massive projects—and one critical policy change—are redefining the market for investors and homeowners alike.

As a real estate consultant serving DFW, here is my breakdown of the latest development updates in Plano and what they mean for your portfolio.

1. The "Hidden" Update: Rising Development Fees

Before we look at the shiny new buildings, we must address the new "Cost Recovery" plan. Effective January 1, 2026, the City of Plano is drastically increasing fees for planning and engineering to recoup administrative costs.

The Impact: Fees for zoning appeals are jumping over 1,000%, and park fees for new single-family homes are rising to nearly $5,700 per unit.
For Investors: This raises the price floor for new construction. Consequently, existing homes in established neighborhoods (which don't pay these new fees) are becoming undervalued assets ripe for renovation.

2. Lavon Farms: The "Agri-Hood" Revolution

The most talked-about of the development updates in Plano is the transformation of Lavon Farms in East Plano. This 215-acre dairy farm is being rezoned into a mixed-use community featuring 626 single-family homes and over 1,000 multifamily units.

The Vibe: It’s not just concrete; the plan preserves the original farm silos and includes 37 acres of open space and a "Rural Preserve".
For Clients: This project will likely lift property values in adjacent neighborhoods like Parker Road Estates. It is a prime area to watch for appreciation in the 75074 zip code.

3. The $117M Miyako Hybrid Hotel

West Plano is solidifying its corporate dominance with the construction of the Miyako Hybrid Hotel in Legacy West. This isn't just a hotel; it’s a geopolitical asset designed to serve the region's massive Japanese corporate presence (Toyota, etc.).

The Details: Opening in Fall 2027, this luxury asset will feature 217 rooms and traditional Japanese amenities.
For Investors: This cements Legacy West as an international hub. Expect increased demand for high-end condos and executive rentals in 75024 as global business travel ramps up.

4. Collin Creek Mall & Texas Health Expansion

The rebirth of Collin Creek Mall is finally visible, with vertical construction starting on top of the newly completed underground garage. Simultaneously, Texas Health Presbyterian has broken ground on a $343 million expansion, adding a new patient tower and 400 beds by 2028.

The Takeaway: These projects create a "walkability premium" in Central Plano and a "medical district" rental demand in West Plano.

The Bottom Line

The era of "cheap new builds" in Plano is over. The smart money in 2026 is on arbitrage: buying older homes near these mega-projects and renovating them to bridge the price gap. Whether you are looking for a forever home or an investment property, understanding these development updates in Plano is the key to finding value in a tightening market.

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