A new $200 million mixed-use development, Cannon Beach, is set to bring a surf lagoon and resort-style hotel to McKinney, Texas. This ambitious project aims to create a family-friendly destination that will attract visitors and businesses alike, with plans to open the first phase by late 2026.
Key Takeaways
- Project Cost: $200 million
- Location: Northeast corner of Stacy Road and SH 121
- Size: 35 acres, featuring a 4-acre surf lagoon
- Expected Visitors: 300,000 annually
- Job Creation: Over 700 local jobs
- Economic Impact: Estimated $2 billion over 20 years
The Cannon Beach project will feature a variety of attractions, including a full-service resort-style hotel with a rooftop pool, event spaces, and a beach connected to the surf lagoon. The surf lagoon will host water-focused activities such as cliff diving and a stationary surf wave, catering to thrill-seekers and families alike.
In addition to the surf lagoon, the development will include:
- Dining Options: Restaurants and cafes
- Entertainment Facilities: A skateboard park, movie theater, bowling alley, and health club
- Office Space: 100,000 square feet for businesses, from startups to global corporations
Mayor George Fuller expressed excitement about the project, stating it addresses the community’s demand for more family-oriented activities while driving economic growth. He emphasized that the surf park will be a unique attraction, making McKinney a destination for both locals and visitors from outside the area.
The project is a collaboration between the Cannon Development Group, the city of McKinney, and the McKinney Economic Development Corporation. The Cannon Development Group has experience in similar projects, having recently opened a surf-focused development in Mesa, Arizona.
Economic Benefits
The Cannon Beach development is expected to have a significant economic impact on McKinney, including:
- Job Creation: More than 700 local jobs
- Visitor Attraction: Anticipated 300,000 visitors annually
- Long-Term Economic Impact: Estimated at $2 billion over 20 years
The city plans to finalize the project’s site plan and incentive agreements in early 2025, with construction expected to begin next year. The project will not include residential development, focusing instead on tourism and business opportunities.
Future Developments
City leaders are optimistic about the potential of Cannon Beach to enhance McKinney’s appeal as a tourist destination. The project aligns with ongoing efforts to increase the number of hotels and entertainment options in the area, which has seen a growing demand due to events like the Byron Nelson and NCAA Division II Football Championship.
As the project progresses, city officials will continue to work closely with developers to ensure that it meets the community’s needs and expectations. The next update on the Cannon Beach project is anticipated in early 2025, as negotiations and planning continue to unfold.
In summary, the Cannon Beach development promises to transform McKinney into a vibrant hub for recreation, tourism, and business, bringing a taste of the beach to North Texas.
