09/02/2026
Twenty five years ago, Willow Bend opened as the last enclosed mall ever built in Texas. It was late to the party the day it opened, and it spent the next two decades losing anchors one at a time. Macy’s left last year. Dillard’s followed in January. Neiman Marcus is out by next January.
Then in June the Dallas Stars showed up and said this is where we want to play hockey.
The plan now on the table is a roughly $3 billion district on 90 acres at the Tollway and Park Blvd: a city-owned arena, an 18-story hotel, an office tower, retail and restaurants, and close to 1,000 homes. Plano would put in $700 million, paid for with hotel, rental car, parking, and ticket taxes instead of property taxes. Whether that funding happens is up to Plano voters on November 3, and plenty of the neighbors around Willow Bend have shown up to council meetings to say they’re not sold.
For now the building still stands. The restaurant district, the garages, Crate & Barrel and Equinox stay open through all of it. Demolition of the mall interior is set for early 2027 and takes six to eight months, then homes and retail go up first with the arena, hotel and office coming behind them.
It’s a strange arc for a piece of ground. The mall that never quite worked may end up as the most valuable dirt in Collin County.
CommercialRealEstate NorthTexas CollinCounty RetailDevelopment MixedUse