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Thursday, November 03, 2016
Frisco Plans $300 Million Industrial Park to Bring in More Business
The City of Frisco plans to build a 216-acre office and industrial park to attract more business to the city.
The Frisco Park 25 will be built on Preston Road at Rockhill Parkway, just south of U.S. Highway 380. The property is east of the Dallas North Tollway.
The city's economic development corporation said Thursday that the first buildings in the $300 million project would start in 2018.
Frisco plans to develop the industrial park with building sites and sell them to companies and developers representing firms.
"Many businesses look to lease existing multi-story, class-A office space in Frisco; but the Frisco Economic Development Corp. frequently receives inquiries from prospects who want assistance finding a site where they can own and occupy their own building," Jim Gandy, president of the Frisco Economic Development Corp., said in a statement.
The project is designed to accommodate about a dozen office, showroom and industrial buildings of various sizes. There will also be a greenbelt on the north side of the development.
The commercial project is planned for a total of 2.2 million square feet."Our plan with Frisco Park 25 is to sell the sites to individual companies that want to purchase and own their own real estate," said Gandy. "This allows us to better control the design and development happening in the park."
Frisco approved the purchase of the land for the project in 2015.
Hardy McCullah/MLM Architects Inc. designed the business park.