Once the sprawling home base of a major American department store chain, part of this North Texas property is on its way to becoming a towering luxury residential development.
A 22-story luxury high-rise is planned for 6501 Legacy Drive in Plano-on the site of the former 100-acre JCPenney headquarters. The project, known as The Parks at Legacy West, calls for 261 multi-family units and three adjacent townhomes.
Apartment floor plans will include one to three-bedroom options, ranging from 682 to 2,843 square feet, according to the StreetLights Residential website-the developers behind the project. Townhomes will be built with a three-bedroom layout, between 3,283 square feet and 3,316 square feet.
In addition to the residential space, the development will feature a resort-style pool, sky lounge, fitness center, golf simulator, library, coworking spaces and concierge service.
“We’re excited to announce the closing of our newest residential tower in Plano, Texas,” StreetLight Residential posted to Facebook on Monday. “Located across from Legacy West, this introduces a new level of privacy, craftsmanship, and hospitality-driven living to one of North Texas’ most dynamic neighborhoods.”
Construction could kick off this month and last through 2029, according to Multi-Housing News. StreetLights Residential did not immediately respond to Chron’s request for comment.
The backstory of the property
JCPenney relocated from New York to the Plano campus in 1992. After nearly 30 years, the company vacated its headquarters in 2020 after filing for bankruptcy, according to WFAA.
However, JCPenney announced a move back to part of the campus along Legacy Drive in 2023, leasing 320,000 square-feet of office space for roughly 2,000 employees. The move followed a $10 million renovation at the property, adding two pickleball courts, an arcade, several cafes and dining areas, a golf simulator and an employee gym to the site, according to D Magazine.
As of 2026, JCPenney remains headquartered at the campus, though it no longer occupies the entire property.
A site map of the former JCPenney campus in Plano, Texas. The company is still headquartered onsite in a smaller office space. (City of Plano)
Part of a larger mixed-use revitalization
StreetLights Residential’s plans are part of a broader billion-dollar redevelopment planned for the expansive Plano site, now called The Park at Legacy.
The Plano City Council approved a rezoning of the 107-acre property with a 5-23 vote in 2024 to make way for a mixed-use development proposed by Capital Commercial Investments, according to Community Impact. The proposed redevelopment detailed four new office towers, four restaurants, a hotel, a mixed-use building, 750 mid-rise residential units, renovations of existing office and garage buildings, and 21 acres of open space.
At the time, Executive Vice President of Development for Andrew Lodeesen told Community Impact that the luxury residential portion of the revitalization was the “last remaining amenity for the activation of the site.”
Five acres of the property will also become the future Mendomi Park, thanks to a $15 million donation from Toyota Motor North America, according to the City of Plano. That project includes a pavilion, trails, seating and landscaping, with construction slated to begin in late 2026.
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Rendering of the future Mendomi Park planned in Plano, Texas. (City of Plano)
This article originally published at Luxury tower planned at JCPenney’s Plano HQ campus.