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A rendering of the The Miyako Hybrid Hotel Plano, which is set to open in October 2027.<\/p>\n
Courtesy of Gensler<\/p>\n
A $117.5 million Japanese-inspired hotel in\u00a0Plano has hit a significant milestone.<\/p>\n
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The Miyako Hybrid Hotel Plano<\/a> has reached its maximum height \u2014 known as topping out \u2014 and an October 2027 opening has been set. General contractor The Beck Group held a topping-out celebration July 24.<\/p>\n This will be\u00a0the first Miyako Hotels & Resorts property in Texas <\/a>and only the third in the United States. The 217-room hotel features 7,000 square feet of meeting and event space, anchored by a 5,000-square-foot ballroom. Other notable features include a traditional Japanese restaurant, an upscale lobby bar, Japanese bakery, a Texas-style rooftop bar, outdoor pool and a fitness center.<\/p>\n Article continues below this ad<\/p>\n The Miyako Hybrid Hotel Plano will be located within The Park at Legacy development in Plano \u2014 home to major corporate campuses that include Toyota Motor North America and more than 40 Japanese companies.<\/p>\n Gensler is the design architect, and Looney & Associates is the interior design firm. Alejandro Vazquez will serve as the hotel’s general manager.<\/p>\n Developer buys ranch land for industrial development<\/p>\n Farmers Branch-based Urban Logistics Realty<\/a> has purchased a portion of Denton County’s Harris Ranch<\/a> for an industrial development.<\/p>\n Urban Logistics announced in late July that it purchased 53 acres of the longtime cattle ranch. Work is expected to start in early August. The project’s first phase is expected to include five industrial buildings totaling more than 656,000 square feet. Construction is expected to finish in the third quarter of 2027.<\/p>\n Article continues below this ad<\/p>\n At full build-out, the business park will span 80 acres, the firm said.<\/p>\n “We believe the best developments respect the story of the land before writing the next chapter,” Urban Logistics Realty chief development officer Drew Feagin said in a statement. “Harris\u00a0Ranch has been part of Denton’s identity for generations. Our vision is to preserve that legacy while creating a business park that reflects where the community is headed.”<\/p>\n Urban Logistics Realty and a real estate fund advised by Crow Holdings Capital formed a joint venture to develop Harris Ranch. Construction financing is provided by First United Bank. Other project partners include\u00a0Holt Lunsford as the leasing agent, GSR Andrade Architects as the architect, Kimley-Horn as the engineer, and Bratjen Construction as the general contractor.<\/p>\n Apartment auctions continue for S2 Capital<\/p>\n The exterior of the Loren apartment building in Dallas, Tuesday, June 2, 2026.<\/p>\n Juan Figueroa\/The Dallas Morning News<\/p>\n Several Dallas-Fort Worth apartment buildings went up for auction Tuesday, including multiple sites tied to S2 Capital.<\/p>\n Article continues below this ad<\/p>\n The Dallas-based real estate firm S2 Capital has faced financial difficulties this year as its loans have been transferred to special servicing and some properties have entered foreclosure.\u00a0<\/p>\n Related<\/strong>: Blackstone apartment complex up for auction, along with other D-FW sites<\/a><\/p>\n The Booker Apartments in Duncanville, Hyde Park at Valley Ranch in Irving, The Kace Apartments in Grand Prairie, The Loren Apartments in Dallas and The Republic Apartments in Garland were listed for auction Tuesday.<\/p>\n The apartment buildings, all with ties to S2, represent more than\u00a0$300 million in initial loans. Several of the apartments had already been listed for foreclosure, possibly signaling ongoing negotiations with lenders.\u00a0<\/p>\n Article continues below this ad<\/p>\n Related<\/strong>: One of Texas\u2019 largest apartment owners faces $560M in loan issues, tied to D-FW sites<\/a><\/p>\n<\/p>\n