Fast Facts About The 5 Billion Mile In Frisco

Fast Facts About The 5 Billion Mile In Frisco

In case you haven’t heard, the “$5 Billion Mile” in Frisco s the one mile stretch along the Dallas North Tollway from Warren Parkway to Lebanon Road which will comprise 4 mixed-use developments and at least $5.4 billion in capital investment.  The  projects are transforming about 549 acres of land in Frisco into high-end developments.

 Image title

“No. 1 best mid-sized city to move to.” ~~ Movoto.com and MSN Real Estate

Here are the fast facts…

  • Location:  Just 25 minutes north of Downtown Dallas and 25 minutes away from DFW International airport.  Every major city in the continental United States accessed within a four-hour flight

  • Frisco Population:  147,580 as of May 1, 2015

  • Annual Population Growth Rate:  5.8%

  • Workforce Estimate:  70,184

  • Residents with Bachelor’s Degree or Greater:  58.9%

  • Median Household Income:  $109,956

  • Average Value of Single Family Home:  $317,560

  • City of Frisco Assessed Property Value for Fiscal Year 2015:  $18 Billion

Let’s 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.

“No. 2 best mid-sized cities for education.” ~~ Movoto.com

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

And, this could be just the beginning… Real estate investors with land holdings further north on the Tollway are banking on big developments following this path.

Excerpts of this article from Frisco Economic Development Corporation and Dallas Business Journal.  See FriscoEDC.com for more information.


William Graves Headshot
Author:
Phone: 817-966-5890
Dated: October 8th 2015
Views: 776
About William: I was raised in Trophy Club, graduated from Grapevine High and attended the University of North Texa...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Anna Texas Office Space For Lease 1 Hour From DFW Airport - FOR LEASE Approximately 1
Why Are So Few Homes For Sale - There is no doubt that the largest
Sep 20 2017 28188 1 - Today in want to thank God for.
More Americans Say Now Is A Good Time To Sell -   More Americans Say Now is

Our Bloggers

The Doyle Team * - 2
Comprar Casa DFW * - 4
Nikki Acker - 3
Gabrielle Armstrong - 5
Cara Balderas - 54
Tami Bennett - 45
Ramon Bermudez - 2
Justin Blackburn - 1
Jessica Boozer - 18
Rhonda Borgne - 1
Olivia Borowski - 1
Jennifer Boyd - 2
Deborah Boyd - 390
Jamie Brannagan - 1
Kathryn Brick - 1
Annette Bruen - 47
Moira Brunken - 18
Beverly Bryant - 24
Ana Cantu - 1
Lisa Cardillo - 53
Bob Cardillo - 4
Lucina Cervantes - 11
Gregory Cornett - 2
Angela Cotten - 89
Missie Craig - 12
Greg Cunningham - 2
David Darty - 1
Sarah Dieter - 9
Belinda Duff - 5
Eva Duffy - 5
Leah Ecob - 15
Kristine Edens - 3
Jill Elliott - 99
Laneal Ernest - 9
Nicole Espinosa - 27
Christopher Evans - 1
Heather Feragotti - 8
Mark Fischer - 2
Susan Florsch - 12
Jennifer Flynn - 9
Leslie Fogle - 101
Larry Frassinelli - 6
Chad Gabriel - 58
Shalee Garza - 10
Marcos Garza - 1
Tammy Gill - 1
Timothy Gilliam - 2
Christina Gonzalez - 5
Brigette Goode - 1
Wilma Goodwin - 2
William Graves - 5
Jimmy Hanks - 1
Kristen Henderson - 1
Candie Hernandez - 1
Beth Herr - 1
Hunter Howard - 1
Sandra Hunt - 92
Bill Hurd - 3
Gary Hutchings - 20
Rachel Jama - 47
Trenton Johnson - 15
Marla Johnson - 1
Felicia Johnson - 79
Dakota Joyner - 9
Sunil Kanjia - 6
Jemi Khan - 26
Leigh Klotz - 5
Amber L Johnson - 9
Michele Lafortune - 22
Wanda Lewis - 2
Dylan Lochhead - 1
Maria Lopez-Jones - 1
Stacy Lynn Massar - 27
Chuck May - 1
Jennifer Menting - 17
Mikki Migis - 8
Richard Mikus - 1
Sean Moniri - 21
Naddia Morales - 10
Candace Mozingo - 1
Mark Mulch - 19
Erick Murphy - 6
Steve Murray - 1
Julie Nicholson - 10
Nikki Okpuzor - 3
Alan Oliver - 7
Kelly Oltmann - 4
Kaysone Orlando - 1
Holli Paddio - 3
JP Piccinini - 50
Julie Ann Pickering - 85
Ann-Marie Pope - 2
John Priestash - 37
Joshua Putman - 111
Mimi Rader - 1
Shelia Randolph - 33
Teneka Ray - 1
Go 2 Girls Realty - 173
Bethany Rowan - 15
Kristi Roy - 1
Kelly Rumney - 9
Amy Jo Saenz - 3
Linda Scardis - 4
Sandy Setliff - 222
Christine Shannon - 30
Rene Sinclair - 27
Shelby Smith - 3
Rebecca Smith - 1
Bryce Smith - 5
Monica Solkhon - 1
Malena Solorzano - 1
Rodrigo Sotomayor - 16
Jenna Stanley - 9
Tim Stoll - 42
Kelley Stubbs - 3
Melodie Sulgrove - 1
Seana Taylor - 217
Mary Taylor - 15
Kevin Taylor - 15
Julian Taylor - 17
Erica Taylor - 54
Angela Taylor - 1
Karla Terrell - 2
Joey Thomas - 2
Michele Thompson - 6
Jason Todd - 24
Andrea Trimble - 55
Sarah Uber - 3
Yael VanGruber - 1
Diane Velez - 18
Debbie Viverito - 132
Rachel Walsh - 2
Nick Walton - 75
Spring Weeks - 9
Clint White - 2
Michael Worley - 164
Martina Worley - 2
Keisha York - 30
Audra Young - 1
Debbie Zurita - 17

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

JP And Associates REALTORS
6136 Frisco Sq Blvd, #200
Frisco, TX
972-375-9448


Other Locations