In 2015 Frisco will have massive development in the mile stretch of the Dallas North Tollway bound by Warren Parkway and Lebanon Road. The total cost is expected to be approximately $5.4 billion which sets a record for any single mile stretch in the state of Texas.
The major push for this development is Jerry Jones’ decision to build the Dallas Cowboys’ headquarters and practice facility on that stretch. This is drawing a great deal of additional development.
Along with the Dallas Cowboys’ headquarters moving to Frisco the Dallas Stars will be keeping their headquarters in the city.
The Dallas Biz Journal went into great depth on the “$5 Billion Mile” in their recent cover story.
A break down of the development:
Wade Park – This $2 billion development will house six million square feet of office space, and six hundred thousand square feet of retail space. Hotels, a Whole Foods Market, Pinstripes, and iPic Theater are already set to move in. The first phase will open in late 2016.
The Star in Frisco – This billion dollar development will house the Dallas Cowboys’ headquarters and practice fields. It will also contain office, hotel, and restaurant spaces. The Dallas Cowboys’ headquarters should be finished just as the 2016 football season begins.
The Frisco Station – This $1.7 billion development will hold 2,400 apartments, four million square feet of office space, and a variety of entertainment venues and restaurants.
The Gate – The $700 million development will house high rise condos, a boutique hotel, and office, retail, and dining space. Construction is expected to be completed in 2019.
There are other smaller developments in the works, but what is clear is that the transformation between that stretch of road today and five years from now is immense. You may way to grab photos as you drive past today before it is unrecognizable.
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