Monday, November 09, 2015

Land deal closes on $1.6B Wade Park development in Frisco's $5B Mile

The 175-acre tract behind Atlanta-based Thomas Land Development's $1.6 billion vision for a mixed-use development at the Dallas North Tollway near Lebanon Road within Frisco's much-touted "$5 Billion Mile" has officially traded hands.

Terms of the land sale were undisclosed. Jim Newman of Newman Real Estate sold the land on behalf of the Wade Family estate.

The $1.6 billion development known as Wade Park is underway in Frisco. Ultimately, the project will bring in a number of live-work-play options to the northern suburb.
The $1.6 billion development known as Wade Park is underway in Frisco.

Newman, who has sold and developed land in Frisco for three decades, said no other development comes close to quality and depth of the proposed Wade Park project, which includes Whole Foods, Hotel ZaZa, iPic Theatres, Pinstripes Bowling and other restaurants, entertainment, office and residential plans.
Candace Carlisle/Dallas Business Journal