Monday, August 24, 2015
Luxury hotel tower headed to $1.6B Wade Park project in Frisco
Developer Stan Thomas has snagged another luxury hotel for his firm's $1.6 billion, 175-acre Wade Park project, an upscale mixed-use development that's part of Frisco's much-touted "$5 Billion Mile."
Wade Park will become home to the first Langham Hotels & Resorts hotel in the Lone Star state. The international luxury hotel brand is slated to open up in 25 floors of a 35-story tower near the Dallas North Tollway and Lebanon Road in Frisco in early 2018.
The remaining 10 floors of the new tower will be devoted to residential homes.
"This hotel will be a centerpiece for Wade Park, surrounded by high-end restaurants, retail, entertainment, offices and residential — built for a new generation, with a luxurious, metropolitan design and amenities for both locals and travelers alike," said Thomas, president and CEO of Atlanta-based Thomas Land & Development, in a statement.
Dallas-based architecture firm 5G Studio Collaborative is designing the modern-looking high-rise at Wade Park, which includes the 250-room hotel that ranges from one- and two-bedroom suites to two 2,906-square-foot presidential suites.
Plans also include more than 25,000 square feet of meeting and convention space, as well as a rooftop pool deck, spa, full-service bar and courtyard lawn for special events.
The new Langham hotel at Wade Park will play a key role in Langham Hospitality Group's expansion throughout the United States, CEO Robert Warman said.
This isn't the first luxury hotel to decide to open a flag at Wade Park. Last year, Hotel ZaZa decided to join the initial phase of the Whole Foods-anchored mixed-use development. Hotel ZaZa is slated to open in spring 2017.
"Tourism and convention business help us meet our long term goal of becoming a sustainable city, which is important as one of the fastest growing cities in the nation," Frisco Mayor Maher Maso said. "This upscale development will provide a high-end hotel experience for our visitors and guests, not to mention luxurious living and job opportunities for our residents."
Candace Carlisle/Dallas business Journal