Do You Know Where The #5BillionDollarMile Is?…

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Frisco now claims one of the most dynamic development concentrations in America with $5.4 billion in investment, either announced or under construction. The 5 Billion Mile in Frisco, Texas is the one mile that stretches from Warren Parkway to Lebanon Road. Frisco, Texas is well known for exemplary schools, pristine parks and destination dining, retail, sports and entertainment. The city is also a magnet for a skilled workforce who are contributing to Frisco’s rapid annual residential growth-rate of more than five percent.

#5BillionDollarMile

Future home of the $5 billion Mile, Frisco is set to explode with the completion of this massive master-plan.  Expect this area to be Frisco’s answer to the Shops at Legacy. Comprised of 4 mixed-use developments, the  projects are transforming about 549 acres of land in Frisco into high-end developments.

For more information about this upcoming development:

Take a walk through the projects that make up the Mile:

1.  The Star in Frisco (Cowboys Headquarters):  91 acres in size, this development includes $350 million corporate headquarters and practice facility of the Dallas Cowboys, an Omni-branded hotel, 1.7 million square feet of space within office buildings, residential buildings, and retail/restaurant property, and a walkable community that interacts with the Cowboys facility.  The Cowboys portion is expected to be finished by the end of summer 2016.  Cost $1 billion.

2.  Frisco Station:  This is the largest development project comprising 242 acres.  Three large family-owned companies- The Rudman Partnership, Hillwood Properties, and VanTrust Real Estate- plan to develop more than 4 million square feet of Class A office space, 2,400 apartments and retail, restaurants, entertainment venues, hotel, and medical facilities.  Construction will begin this summer.  Cost $1.7 billion.

3.  The Gate:  This 41 acre development, funded by Dubai-based Invest Group Overseas, totals 2.3 million square feet including high rise condo-style residences, a boutique hotel, retail and dining, and Class A office space in a walkable environment.  Construction is scheduled to begin later this year, with completion expected in summer 2019.  Cost $0.7 billion.

4.  Wade Park:  175 acres in size, this project is the only one on the east side of the Tollway.  Developed by Atlanta-based Thomas Land & Development, Wade Park has already landed Whole Foods Market, iPic Theaters, and Pinstripes, with plans to announce more retailers and boutique hotel, (Hotel ZaZa).  The project is expected to total 6 million square feet of office space and 600,000 square feet of walkable retail space and several upscale hotels.  Initial phases are expected to open in fall 2016. Cost $2 billion. 

The total collection of development projects, if built as envisioned, will bring the following to Frisco:

  • 12.1 million square feet of high-end office space
  • 1.32 million square feet of retail, restaurant, and entertainment space
  • 490,000 square feet of medical office space
  • 820 hotel rooms within multiple hotels
  • 3,700 apartment homes
  • Two, 10-story luxury condo towers or villas
  • 12,000-seat indoor multi-use facility at Dallas Cowboys headquarters that will allow Frisco high school students to play football and host city events

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We are Frisco, TX home specialists. If you have any questions about real estate in Frisco, or any neighboring DFW communities, please fill out our contact form, or call 469-556-2393 for assistance.

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Nick Walton
JP And Associates REALTORS
469-556-2393
Nick@NickWaltonRealtor.com