Collin Creek Mall properties sold for redevelopment

There’s hope for an aging and nearly vacant shopping center in Plano – the Collin Creek Mall.

Community Impact Newspaper reported a developer has already filed plans to redevelop it.

His company bought the former Macy’s Dillard’s and current Sears properties, as well as the main part of the 37-year-old mall.

The plans call for $1 billion mixed-use development with restaurants, retail, townhouses and condos.

Developer Mehrdad Moayedi is the same man who restored the Landmark Statler Hotel in Downtown Dallas.