One of the factors every buyer needs to consider, regardless of weather you plan on living in the home 5, 10, 15......years is its "resale value."
Proximity to a mall in not a normal criteria for buying property.
The new shopping area in Allen/Fairview should be very nice and will attract more growth to that part of Collin County. The location of the home in proximity to the new development will determine the desireability of the home. For example, if traffic will be an issue getting into your neighborhood, that would not be a desired trait. If the home backs directly to a parking lot, that would not be desirable. However, having great shopping and dining close to home are things many home buyers are looking for.
I have noticed that you have asked for alot of advice on buying a home in the Collin County area in general, and it doesn't appear that you have narrowed down a specific city/location. If you would like some additional information about homes that may fit your needs, I would be happy to help. Please just let me know what it is that you are looking for, and I will offer some suggestions on cities and/or neighborhoods that may meet your needs. I specialize in the areas you are searching including: Plano, Murphy, Wylie...up to Parker, Lucas, Allen...and into McKinney and Princeton. Please feel free to contact me for more personalized information.
I hope that you find what you are looking for. There are so many wonderful communities in our area. Have a wonderful week.
Coldwell Banker, Jane Henry Realtors
SINCE GAS PRICES are on the up home buyers are searching for homes close "to the action" therefore less gas spent getting to or from a location. Just as a long a home DOES NOT BACK UP to the commercial area, I don't see a problem... example North Park Mall in Dallas how many luxury homes are right there off the building campus, with new construction across the street.
http://www.lynn911.com contact my office if we can be further assistance 972-699-9111 email: email@example.com
Silhouette subdivsion is a very nice area of Allen. As long as the commercial area is kept up well, it should be an attractive feature for home resale not a deterrent - unless you actually backed up to a major road or to the mall itself. Are you familiar with The Shops at Willow Bend in Plano? The homes in that area are very nice as well, have not been adversely effected and have gone up in property value.
As they say, retail brings rooftops and it also helps keep your homeowners taxes lower.
Let me know how else I can help. I specialize in new homes.