FRISCO - With more than $5 billion in developments in the works, Frisco is arguably the most dynamic real estate market in Texas.
Ahead of Uptown, Plano, Richardson — Frisco has more huge developments these days than any other property market. Even if only half of them get built, the one-time railroad town will be ground zero for the biggest commercial real estate boom ever in North Texas.
“Just about every tract of land from SH 121 to Main St. along the Dallas North Tollway (DNT) is having plans made or is under development,” said Jim Gandy, CEO of the Frisco Economic Development Corp.
Hillwood Properties, VanTrust Real Estate and the Rudman Partnership are teaming up to build Frisco Station surrounding the Dallas Cowboys’ new headquarters at the DNT and Warren Pkwy.
The Cowboys’ 91-acre Star mixed-use project is already under construction next door to Frisco Station.
Thomas Land & Development is building its $1.6 billion Wade Park mixed-use complex on 175 just across the DNT on Lebanon Rd.
If you had to pick a point in time when the game changed for Frisco, it would be back in 1996, when developer General Growth Properties bought 130 acres at the northwest corner of Preston Rd. and SH 121 for a new shopping mall.
Some 18 years later, there is now 4.5 million sf of retail space within a mile of Frisco’s Stonebriar Center mall.
The other real estate milestone came in 1997, when developer Craig Hall broke ground on his 162-acre Frisco office park. Hall Office Park now has 2.2 million sf of office space that houses 180 companies with some 8,000 workers.
Hall Financial just finished its 16th building in the Frisco office park.
Read more at the Dallas Morning News.
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