North Texas developer Sam Ware plans to withdraw a request to build apartments near J.C. Penney’s Plano headquarters.
Ware, the owner of Dreien Opportunity Partners, said in an email to Community Impact Newspaper that he plans to withdraw his request for a special use permit that would allow him to build the apartments near Plano’s $3.2 billion Legacy West development.
“I made a decision to withdraw our [permit] modification, that is all I will disclose at this time,” Ware told Community Impact.
He added that he still owns the property where J.C. Penney’s corporate campus is located, a purchase he finalized in 2016. At that time, he announced he would spend $120 million to redevelop the 50-acre site into a Class A multi-tenant office building he named The Campus at Legacy West.
Ware did not disclose what the withdraw will mean for the project or if other housing projects might be in the works. But attorney Bill Dahlstrom, who is representing Dreien, said more work is needed on the property to make sure it fits into Plano’s comprehensive plan, Community Impact reported.
Plano’s planning and zoning commission will consider the withdraw at its meeting tonight.
Last month, Ware did not meet a purchase deadline to buy the former Parkland Memorial Hospital campus in Dallas. He had made an $83.3 million bid that was approved by Dallas County commissioners, but was unable to obtain and close on financing by the April 17 deadline, according to Michael Malaise, Parkland’s senior vice president for community and external relations.
Ware says he will make another bid for the property as it heads back to the market.