The Allen City Council approved a development agreement with TCH Altera for the construction of The Convention Center at Watters Creek, an $85-million, full-service facility. The convention hotel will have 290 guestrooms, a 64,500 square-foot convention center and a 1,000-car parking garage on seven acres at Bethany Drive and North Central Expressway, adjacent to Allen’s premier Watters Creek mixed-use center.
Projected to open in January 2017, the center will offer the largest convention and exhibition space among the north Dallas suburbs and compares to DFW’s most significant centers, including the Gaylord, Hilton Anatole and the Sheraton Dallas Hotel.
The multi-entity agreement provides for the City, Allen Economic Development Corporation (AEDC) and Allen Community Development Corporation (ACDC) to jointly contribute $12.3 million toward the capital investment in the project and to provide additional operational support over time. The AEDC also will contribute the land, which it has owned since the 1990s. TCH Altera has arranged construction financing and anticipates breaking ground by the end of this summer.