Thursday, July 02, 2015

The Frisco City Council approved a $1 billion development plan that will transform 242 acres within the city's touted '$5 Billion Mile,' along the Dallas North Tollway between Warren Parkway and Lebanon Road.
The one-mile stretch of roadway actually has development plans on it totaling $5.4 billion and is unlike any other stretch of roadway in the Lone Star state.
The City Council put its stamp of approval on the development plan Wednesday evening, in part because it directly aligned with the city's economic development and comprehensive plan goals, said Mike Berry, president of Fort Worth-based HillwoodProperties, which is one of the three-member development groupoverseeing the Frisco Station project.  
"During the approval process, we met with city officials, each of the HOAs adjacent to Frisco Station, as well as various community groups," Berry said, in a prepared statement. "At each turn, we received an enthusiastic response, and we're excited to kick off our project with the collaboration of the community."
Development plans for Frisco Station include building more than 6 million square feet of Class A office space and corporate campuses, adding more than 200,000 square feet of restaurant, retail and entertainment space, putting 2,400 urban-living residential homes on the site, as well as adding a number of hotel concepts.
Other portions of the project include parks, trails, urban plazas and a health and wellness programming to the overall project.
Frisco Station — along with other projects included in the '$5 Billion Mile' — will set the stage for the city's development over the next two decades, said Frisco Mayor Maher Maso.
"Because Frisco Station links to a future entertainment district anchored by theDallas Cowboys world headquarters and Frisco's Multi-Use Event Center, this development will build upon the '$5 Billion Mile,' synergy and Frisco's growing reputation as a sustainable, destination city," he said.  
In that vein, Berry said the development group plans to make several major announcements related to Frisco Station in the next few months.
"The level of interest that we're receiving from potential customers is incredible," he said.  
Candice Carlisle/ Dallas Business Journal