In a mere 5 mile stretch along Dallas North Tollway in Frisco lies an incredible investment potential of $6 billion dollars. With 10 major projects and a couple smaller, but equally exciting developments recently proposed and/or under construction, this is an outstanding capital gain for the City of Frisco. As illustrated, the 10 mega projects are all located between 121 and Main Street, along DNT in Frisco.
The 10 projects include:
1. Hall Office Park
An award-winning 162-acre development master planned for 3 million square feet of Class A space. Hall Office Park is “Redefining the Workplace” by providing specialized amenities including an athletic facility, a private preschool, a full-service bank, physical and massage therapy, a full-time concierge, walking and jogging trails, medical imaging services, family practitioners, and most notably over 150 works of art on display indoors and out. Hall Office Park
2. Frisco Bridges Place
Slated for completion in October 2015, Frisco Bridges Place houses 170,000 square feet of Class A office space, about 40% of which, is already pre-leased to one tenant. “The site provides the convenient, direct access of the Dallas North Tollway coupled with the close proximity to so many amenities within a half-mile radius, such as the Embassy Suites Hotel and Frisco Conference Center, Dr Pepper Arena and numerous destination shopping centers and restaurants.” said developer Randy Heady. headyinvestments.com
3. Dallas Cowboys HQ
Need I say more? A meaningful partnership between The Dallas Cowboys and Frisco ISD, the facility will be used for both Cowboys practices and Frisco high school athletics and ceremonies. “We are all very much vested in this project,” Deputy Mayor Pro Tem Jeff Cheney said. “We owe it to our citizens to make sure it’s done right.” With an expected completion of Fall 2016, the 12,000-seat multi-use stadium development will also feature retail space and office buildings. Read more about this development.
4. Frisco Station
A 317-acre mixed-use development alongside the new Cowboys Headquarters, Frisco Station will include 2 hotels, 40 acres of retail, 4.5 million square feet of office space, and residential housing including single-family houses, town homes, and apartments. As of this date, plans are broad and may adapt as the project unfolds.
Dubai-based Invest Group Overseas (IGO) has proposed a $700 million dollar project, known as The Gate. The 41-acre luxury mixed-used development proposal includes more than 2.3 million square feet of buildings, including a boutique hotel, high-rise condominiums, retail and dining, plus Class A office space. In a statement, company CEO, Dr. Anaz Kozbari announced “The development will offer a refreshing take on the live-work-play environment in one of America’s fastest-growing cities.”
6. Wade Park
A 110-acre mixed use development, this Frisco-central project will be anchored by a 45,000 square foot Whole Foods Market. Exciting tenants have recently been announced including iPic Theaters and Pinstripes BBB. The development will also house 3 million square feet of commercial office space, 600,000 square feet designated to specialty retail including shops, restaurants, hotels and entertainment venues, plus 1,200 multi-family residential units and 127 single-family homes with luxury amenities. Check out previous posts on this project.
7. Texas Scottish Rite Hospital
With an anticipated completion date in 2016, this project marks a first for nonprofit Scottish Rite Hospital for Children as they branch out from their Dallas location. According to CEO Robert Walker, the roughly 100,000 square foot medical facility will be an extension of the Dallas facility offering an ambulatory care center with outpatient services and day surgeries for children with orthopedic issues. “We want to get really involved in the community and really be supportive of some community needs that exist there,” Walker stated. www.tsrhc.org
8. Stonebrook Business Park
Dallas-based The Retail Connection is now leasing this exciting development just North of “Cowboy Alley”. Stonebrook Business Park is set to offer 27,000 square feet of retail and restaurant space, plus 600,000 square feet of office space.
Much anticipation has been surrounding the 350-acre park in Frisco also known as Grand Park Canal District. The urban village is a mixed-use residential project set to feature 2,000 homes built by a variety of builders, all incorporated around parks, canals and an abundance of open green space. Construction has already started and the first phase of completion is slated for September 2015. For detailed housing information and potential construction dates, see our post here.
10. The Tower at Frisco Square
The new headquarters of lead tenant, Gearbox Software, this 165,000 square foot office building will also house retail and restaurants. “One of those restaurants is going to be called the XP Bar and Restaurant and it is actually themed around video games and information technology and culture,” Gearbox President, Randy Pitchford said. “There are some other exciting things that you’ll hear more about I’m sure as we forward, but my commitment to Frisco and my commitment to making this the best place in the world for us to work will bring to all of our benefit.” www.friscosquare.com