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Chips are down; Frisco physicist sells 62 acresChips are down; Frisco physicist sells 62 acreshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=25412014-11-07T13:36:00Z2014-11-07T08:30:00Z

FRISCO - Jerald "Jerry" Hutson, the West Texas-born physicist and self-proclaimed electronics prodigy, moved his microchip manufacturing company to Frisco nearly four decades ago. But the chip manufacturing market and the city have changed.

Now, the 84-year-old has shut down the manufacturing facility of Hutson Industries Inc. — once the city's largest employers — south of Main St. on Preston Rd. as homes and businesses have crept northward of DFW to the Red River.

By early next year, a real estate deal is expected to close with Plano-based Megatel Homes Inc., which has plans for a $130 million residential development on the tract with 260 single-family homes and retail stores alongside Preston Rd.

Other than the sprawling Brinkman Ranch, this is the last large undeveloped parcel of land off Preston Rd. in Frisco.

For Megatel, the location's proximity to a number of retailers, businesses and other homes was perfect. The company expects to tear down the industrial facility after closing on the property and build 260 single-family residences.

Dallas Business Journal
Dallas-Fort Worth-Arlington
Housing
http://www.bizjournals.com/dallas/news/2014/11/05/exclusive-ex-microchip-facility-in-frisco-closes.htmlRead more at {Source}

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