In what would be another major sports-centered development in North Texas, a McKinney developer is planning a 15,000-seat cricket stadium in Allen.
Thakkar Developers and Global Sports Ventures of Philadelphia are planning a news conference for Tuesday afternoon to discuss a project dubbed “Allen Sports Village," according to a release.
Per Thakkar Developers’ website, in addition to a “multi-use sports complex,” the mixed-use development will include training facilities and an event center, along with 500,000 square feet of Class A office space. Plans also call for more than 1,000 residential units, two hotels and roughly 165,000 square feet of retail space.
Poorvesh Thakkar with Thakkar Developers told the Dallas Morning News that he’s positive the project will be built, adding that the development team already owns the land needed – just less 80 acres situated at the Sam Rayburn Tollway near Alma Drive.
Allen officials also confirmed with the publication that talks are underway.
“The project has been going through its process, the design phase and getting all the zoning of the city," Thakkar told the DMN. "We are committed to it from our side. There is a full commitment. We have been working for the last year to get it to fruition."
The city is also looking at whether to offer the project economic incentives and grants for infrastructure improvements, the Morning News added. Though Thakkar did not give an estimate of the project’s cost, MyEBVisa.com listed the project at $500 million, the DMN wrote.
Speakers for the Tuesday conference include Sam Thakkar, CEO of the Perfect Group of Businesses, which includes Thakkar Developers and FunAsia radio, as well as Jignesh Pandya, chairman of Global Sports Ventures, and Allen Mayor Steve Terrell, per the Morning News.
This isn’t the first time Global Sports Ventures has attempted to build a cricket venue in North Texas.
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In 2017, it announced it would work to bring a professional cricket league to the U.S. by 2020, and that it was collaborating with JLL (NYSE: JLL) to manage site selection and development for eight cricket stadiums in Texas, California, Illinois, Florida and New York, according to the Morning News.
Whether that project is connected to the one set for discussion on Tuesday was not known.
Allen Sports Village is the second sports-centric development to be announced in North Texas this month.
The PGA of America said it will relocate from its longtime home in Palm Beach Gardens, Florida, to Frisco, with plans to anchor a 600-acre mixed-used development among 2,500 acres being master-planned by Hunt Realty Investments.
The golf professionals organization plans to invest $30 million in the development of a 100,000 square-foot global headquarters and education facility. The organization also said that it would employ at least 100 as part of an agreement with the city of Frisco.
A joint venture between Omni Hotels & Resorts, Stillwater Capital and Woods Capital, called Omni Stillwater Woods, will invest $455 million to purchase land; construct a 500-room Omni resort and conference center; a "technologically advanced" retail space; parking facilities; and two golf courses, a short course, practice areas and a clubhouse around the PGA’s new offices.