Tuesday, August 30, 2016

Two Commercial/Residential Lots for Sale - Cedar Creek Lake, Texas

Download Detailed Flyer at    www.HarvardCo.com

273 Acre East Texas Ranch Land For Sale - $4,500 per acre

Download Flyer at www.HarvardCo.com

Love Field boom prompts another real estate play on Mockingbird Lane

The 7-building Oakbrook Plaza complex on Mockingbird Lane was built in the 1970s. 

The ripple effect of growth around Dallas' Love Field airport is driving another real estate project.
A Grapevine investor has purchased a 9.3-acre office project just west of Love Field - the latest in a series of properties in the area to be redeveloped.
2GR Equity and Legacy Capital have acquired the Oakbrook Plaza office development at 1515 West Mockingbird Lane.
The project includes a 7-story office building surrounded by six, 1-story buildings and was constructed in the 1970s.
The buildings contain 177,000 square feet of space.
"Redevelopment activity along Mockingbird Lane was key to our interest in the property," 2GR principal Elizabeth Roll said in a statement. "With the end of the Wright Amendment boosting traffic at Love Field, the ever expanding Medical District and multiple multifamily, retail and hospitality developments either planned or underway in the immediate area, Mockingbird Lane is one of the most exciting areas in Dallas."
The new owners will remodel the buildings and have renamed the project, Mockingbird Office Park.
Dallas' TXRE will lease and manage the property. The buildings are almost 50 percent leased.
The Oakbrook Plaza purchase is a latest in a series of new investments along Mockingbird Lane between Stemmons Freeway and Love Field.
Written by Steve Brown/Dallas Morning News 

Monday, August 29, 2016

New York-based WeWork picks Uptown tower for first North Texas location

WeWork is taking two floors in the new 1920 McKinney project. 

One of the country's biggest coworking office providers has landed in Uptown with its first North Texas outpost.
New York-based WeWork is renting two floors in the new 1920 McKinney office tower, which is a block north of Klyde Warren Park.
The company will occupy more than 40,000 square feet on the seventh and eighth floors of the office tower, according to Dallas building permits tracked by Buildzoom.com.
Almost $6 million is being spent to build out the new WeWork office.
WeWork - which has locations in more than a dozen major U.S. markets - looked at multiple locations in central Dallas before picking the new Uptown tower, property agents say.
The 6-year-old shared office company has already has a location in Austin.
And the firm has expanded internationally with locations in Canada, German, the U.K., the Netherlands and Israel.
Earlier this year WeWork authorized the sale of $780 million in stock.
WeWork is one of several companies in North Texas that plan to provide collaborative office space for start up companies, creative firms and other businesses that utilize the flexible workspace.
Written by Steve Brown/Dallas Morning News 

Tower sale in Dallas' Uptown expected to shatter price records

The 17Seventeen McKinney tower is expected to sell for $188 million or
$510 per square foot.
This is  the summer of new real estate records in Dallas.
And a pending building sale in Uptown is expected to set another all-time high sales price.
The 19-story 17Seventeen McKinney office tower has been up for sale for several months.
Dallas-based real estate investor Gaedeke Group has contracted to purchase the building - located on the north side of Woodall Rodgers Freeway - for what will be the highest per square foot price for a Dallas-area office building.
The 6-year-old high-rise is expected to fetch $510 per square foot for the building which is 98 percent leased, real estate brokers who are tracking the deal say.
The 17Seventeen McKinney sale would be even higher than the recent purchase of the 2000 McKinney tower, which sold for an estimated $502 per square foot to German investors.
The 369,000-square-foot 17Seventeen McKinney tower is leased to tenants including Regions Bank, Bain & Co., Huitt-Zollars and Colliers International.
Developer Granite Properties built the office tower, which is part of a one-block complex that includes retail space and the Gables Park 17 apartment tower. Granite Properties officials declined to comment on the pending sale.
Holliday Fenoglio Fowler LP has been marketing the office tower for sale.
Gaedeke Group - which owns other office buildings in the Uptown and Oak Lawn areas of Dallas - competed to buy 17Seventeen McKinney against several other investors including California State Teachers retirement fund, according to a report by Real Estate Alert, a New York-based property investment newsletter.
If Gaedeke Group completes the Uptown purchase as expected, the commercial real estate firm will have top office properties in two of the hottest real estate markets in North Texas.
Gaedeke Group is also building a 14-story office tower in the $3 billion Legacy West development in West Plano. The 327,856-square-foot One Legacy West tower opens at the end of this year at Legacy Drive and State Highway 121.
Written by Steve Brown/Dallas Morning News 

Major beer, wine firm adds southern Dallas distribution center in I-45 corridor

Constellation Brands' new Hutchins warehouse will be just west of the Union Pacific Intermodal complex
on Wintergreen Road.

Another big distribution deal has landed in the Interstate 45 corridor in southern Dallas County.
Constellation Brands — one of the country's largest distributors of imported beers and premium wines — is building a large new warehouse in Hutchins.
The New York-based company plans to break ground on the 450,000-square-foot project on Sept. 8. The planned industrial building will be in the Prime Pointe Industrial Park at 1600 W. Wintergreen Road.
Indiana-based Scannell Properties is developing the building. Evans General Contractors is the construction firm.
The project is being built for both Constellation Brands and California-based logistics company Biagi Bros., which handles shipping for the firm.
Constellation Brands bills itself as the No. 3 beer company in the U.S. with imported brands including Corona Extra, Corona Light, Modelo Especial, Modelo Negra and Pacifico.
Written by Steve Brown/Dallas Morning News 

Monday, August 22, 2016

Why is Maxwell Drever spending $240M to save an iconic Dallas skyscraper?

Maxwell Drever, chairman of Drever Capital Management in Dallas. 

Maxwell Drever likes to garden.
The California real estate investor doesn't mind getting a little dirt under his fingernails to make something bloom.
"I'm a master gardener — I love taking gardens and making them really spectacular," Drever said. "I love restoring gardens.
"And I love restoring buildings, too."
In downtown Dallas, he's cultivating one of his largest projects ever, turning an empty 52-story skyscraper into a city in itself.
Drever and his firm will spend almost two years converting the half-century-old former First National Bank tower into a combination of apartments, retail, hotel rooms and parking. The developers recently released updated plans for the more than $240 million project plus a new name for the tower: The Drever.
Drever Capital Management bought the marble and glass high-rise out of bankruptcy earlier this year.
"We get calls when properties are in trouble because that's kind of my reputation," said Drever, 75, who travels around the country looking at deals. "We heard it was in foreclosure, and it was an opportunity."
Drever said he had previously passed on investing in the project but took another look after the previous owners couldn't get funding to proceed.
"We were able to get favorable pricing and tax credits — that was not on the table before," he said. "Unless you have those tax credits, this deal will not work."
To obtain millions of dollars in historic tax credits, Drever and local partner Bryan Dorsey have made the development more of a restoration, retaining original features of the tower's exterior.
"This building is such a classic," Drever said. "The marble is from the plains of Marathon, Greece.
"You could never reproduce it," he said. "I used to do property closings in this building back in the 1970s."
Built in 1965, the 1.3 million-square-foot skyscraper was once the tallest west of the Mississippi River. It was designed by Dallas architect Thomas Stanley, who worked with famed designer George Dahl's firm.
The tower has had some legendary tenants over the years. Oilman H.L. Hunt used to have his offices there, as did members of the Murchison family.

Comfortable in Texas

Over the years, Drever and his companies have owned or built more than 170,000 apartments all over the country.
After the real estate downturn in the 1980s, he was one of the biggest buyers of distressed property in the nation.
"In 1988, we started buying big time after the crash, a lot of it in Texas and Dallas," Drever said. "We bought a lot of buildings before people woke up" — almost 18,000 apartments by the time he was done. "Dallas has always been like a second home to me."
While he's working on the downtown project, Drever and his family are spending a lot more time here. Son Noah, 32, and daughter Isabelle, 29, are working on the project, too, along with other North Texas deals.
"My son didn't want to come to Dallas," Drever said. "He stayed here two years, and we had to pry him out of here."
Drever Capital Management just teamed up with a local developer, The Alder Group, to build a 243-unit seniors apartment community in Allen.
"We want to do more of those seniors projects," Drever said.
The company also owns a loft apartment building in Dallas' Deep Ellum district.
The downtown project is its top priority, of course. It's one of the biggest skyscraper redevelopments in the country and the largest in Dallas.
And handling 1.5 million square feet of space "didn't bother me a bit," Drever said. "All you do is add zeros.
"We've been in this business for 50 years," he said. "I had no problem going forward on this, especially in the Dallas market."

City incentives

Turning the lights back on in the vacant tower at 1401 Elm St. has been a longtime goal of downtown Dallas leaders.
The city pledged almost $50 million in economic incentives to make the project happen.
Karl Zavitkovsky, director of Dallas' office of economic development, said the city is encouraged by Drever's plans.
"When I heard Maxwell Drever was interested during the bankruptcy, I was happy because I had good experiences with him," Zavitkovsky said. "I know he and his investment fund were responsible and had deep pockets.
"He does think unconventionally but has the capacity to get things done."
Zavitkovsky said when he was a banker in the 1980s, he had firsthand experience with Drever's operations.
"He was the largest apartment owner in Houston at one time," Zavitkovsky said. "We all recognize that this is a difficult project but important for downtown Dallas.
"We're doing everything we can to be supportive."
The former First National Bank headquarters is one of the few vacant towers left in the central business district.
"We'd like to buy more, but there isn't that much more priced like we'd like," Drever said. "There aren't a lot of cities that have a downtown 50-story building like this."
Written by Steve Brown/Dallas Morning News 

Friday, August 19, 2016

D-FW commercial building starts are up 27 percent in first half of 2016

More than $2.8 billion in commercial starts were recorded in North Texas in the first six months of 2016. 

Dallas-Fort Worth commercial construction starts have risen by 27 percent in the first half of the year, compared with the same period in 2015.
And the D-FW area ranked in the top 10 markets in the country for commercial and apartment building, according to a new report by Dodge Data & Analytics.
Starts of  more than $2.8 billion in North Texas commercial projects were recorded for the ranking.
Dodge Data tracks project including office buildings, stores, hotels, warehouses, garages and service stations and multifamily housing.
Nationwide, commercial and apartment building starts dropped 5 percent during the first half of the year from 2015 levels.
One of the biggest declines was in Houston, where building starts plunged 44 percent.
"Markets such as Miami, Washington, D.C., Boston, and Dallas-Fort Worth, which had been early participants in the recovery process, continue to see strengthening activity in 2016," Robert A. Murray, chief economist for Dodge Data & Analytics, said in the report. "This has outweighed the weaker activity that's been reported in Houston, adversely affected by the slowdown in the nation's energy sector, as well as by the first half 2016 pullback for several tech-related markets such as Seattle, Austin, and San Jose following their elevated performance in 2014 and 2015."

Written by Steve Brown/Dallas Morning News 

Chicago investor buys Irving's Verizon campus valued at $344M

Chicago-based investor Mesirow Financial has acquired Irving's Verizon regional headquarters — a 51.2-acre, 1.15 million-square-foot campus — valued at $344 million.

Terms of the deal were not disclosed. Verizon will lease back the full property in a 20-year term with options to extend its lease.

The area surrounding the Verizon campus will include plans for a new mixed-use development in Irving. 

The deal will give Verizon an immediate financial benefit and will support the company's continuing interests in Irving's Las Colinas neighborhood, said John Vazquez, senior vice president and head of global real estate for Verizon.

"The extension of our tenancy through a sale and restructured lease affirms the value we see of having located in such a dynamic area for so many years," said Vazquez in a written statement.

Vazquez, along with a Cushman & Wakefield team led by Robert Elms and Jim Jordan, represented Verizon in the deal.

Garry Cohen and Douglas Barker of Mesirow Financial, along with partners Kawa Capital, arranged the deal on behalf of the buyer. The financing was structured in collaboration with a number of Mesirow Financial's internal groups.

"We are very excited to, again, partner with Verizon to help monetize a very strategic asset, this time in Irving," said Barker, a managing director at Mesirow in a statement. "In the last year and a half, we have monetized nearly $1 billion and 2.55 million square feet of key real estate for Verizon across two transactions."

Last May, Mesirow Financial acquired Verizon's campus in New Jersey, which was valued at $650 million, which are among the two largest non-government single asset credit tenant lease deals ever consummated, said Stephen Jacobson, a senior managing director of Mesirow's credit tenant leaseback and structured debt products group.

Written by Candace Carlisle/Dallas Business Journal

Thursday, August 18, 2016

Federal Reserve & Federal Government Report Card

Perot family's Circle T Ranch north of Fort Worth to be 130-acre mixed-use project

Hillwood and Howard Hughes Corp. are building the Northeast Tarrant County project,

Developer Hillwood will team up to turn part of the Perot family's Circle T Ranch north of Fort Worth into a 130-acre mixed-use development.
Hillwood said Wednesday that it will build the $1 billion Westlake project in partnership with Howard Hughes Corp., which owns a section of the land.
The proposed development on State Highway 114 will include a new 500,000-square-foot office campus for Charles Schwab Corp.
"Schwab caused us to really change the plans for the property," said Mike Berry, president of Hillwood Properties. "They need support development adjacent to their office campus.
"Our plan is to initiate the development in timing with their office uses," Berry said. "We are focused on adding some retail space, day care and fitness space and a possible hotel. "
Berry said the Schwab offices will face a small lake on the ranch.
Hillwood is building the Circle T project as part of its huge AllianceTexas development in north Tarrant County.
"Developing this mixed-use project at the Circle T Ranch represents a watershed moment in the 27-year history of AllianceTexas," Berry said. "Circle T Ranch offers some of the most beautiful land in North Texas, which makes it a prime destination for companies wishing to establish a presence in this region."
The Circle T mixed-use campus will be one of the largest projects Hillwood has done in North Texas.
"This is the first one that has been driven by a major corporate office user with a mixed-use development immediately around it," Berry said.
Plans for the whole project include 1.2 million square feet of office space along with adjoining retail and entertainment buildings. There will also be a 200-room hotel and residential communities.
Development plans also includes land for parks, open space and nature trails.
Plans released by Hillwood show more than a dozen office buildings and three large residential blocks. Retail buildings are along Highway 114. 
Architect Gensler designed the plans for the mixed-use campus.
Hillwood said development will start immediately.
"We are going to rework the entire lake," Berry said. "We will have to drain and dredge it.
"We are designing the roads and utilities," he said. "We are talking to initial retail users for this space."
Schwab plans to break ground on the first of its office buildings next summer.
The California-based financial services firm plans to house 1,200 workers in the regional office campus.
But the company has the option to more than double the size of its Westlake facility over time.
Hillwood and its owners, the Perot family, acquired the Circle T Ranch in 1993. Parts of the 2,500-acre property have been used to build office campuses for Fidelity Investments and Deloitte.
The front door of the spread along State Highway 114 at State Highway 170 has been held in reserve.
More than a decade ago there were proposals to build a regional shopping mall on part of the tract. Howard Hughes Corp. inherited that portion of the property from mall developer General Growth.

Written by Steve Brown/Dallas Morning News

Wednesday, August 17, 2016

Coca-Cola consolidates regional office in West Plano

Coca-Cola is moving about 100 workers into the 10-story Granite Park One building which is being remodeled. 

The list of big name brands landing in West Plano is getting longer.
Along with Toyota, Fedex and Chase, Coca-Cola is heading up the tollway with a major office deal.
Coca-Cola plans to move its regional office from Farmers Branch to the Granite Park development at the southeast corner of the Dallas North Tollway and State Highway 121.
The international beverage firm has rented almost 27,000 square feet of office space in the Granite Park One building where it will consolidate about 100 workers by the end of the year.
Coca-Cola's new North Texas office is in the same area where mortgage giant Fannie Mae is building its new regional office center in Granite Park.
And it's just east of where construction is underway on Liberty Mutual Insurance's huge office center in Legacy West.
Coca-Cola now has its office at the tollway and Spring Valley Road.
"They looked at pretty much anything up and down the tollway," said Greg Biggs with commercial property firm JLL. "A lot of it had to do with the amenities in Granite Park - that was a real key to their decision."
The 90-acre Granite Park includes five office towers and a Hilton Hotel. Construction is currently underway on a 29,000-square-foot shopping center that fronts on S.H. 121.
The building where Coca-Cola rented was the first tower built at Granite Park in 1999

Link to full article

Written by Steve Brown/Dallas Morning News 

Here comes H-E-B: San Antonio-based grocer buys six D-FW sites

Hundreds of shoppers turned out at the new HEB Plus store on Valley Mills in Waco, on Aug. 22, 2013 

It's starting. 
San Antonio-based H-E-B/Central Market just made another big leap into the Dallas-Fort Worth market with the purchase of six Sun Fresh Market stores.
The state's largest independent grocery chain has purchased four Dallas stores in Uptown, Lake Highlands, Lakewood and Northwest Dallas. 
Two more stores are in McKinney and Grapevine.  Sun Fresh is in the process of closing these stores.
The stores have only been operated as Sun Fresh Markets for about a year.  The transaction will be completed in a few weeks, said H-E-B/Central Market spokeswoman Mabrie Jackson. "We're thrilled to have these properties."
The four Dallas stores are former  Albertsons stores. The McKinney and Grapevine stores were Tom Thumb locations. These six stores are among a batch of stores that Albertsons was forced  to sell as part of an antitrust review of its 2015 acquisition of Tom Thumb's parent company Safeway.
H-E-B  isn't sure yet how it plans to use the stores. 
"At this time, Central Market continues to be the primary format for the Dallas-Fort Worth," said Todd Piland, H-E-B executive vice president of real estate. "We are currently evaluating the feasibility of each site to determine the most effective use of the properties."
But still there will be speculation about whether any stores might become H-E-B or Central Market.  It could take several months for these stores to reopen.

The stores are located at:
-- McKinney  - Hardin Boulevard and El Dorado Parkway
-- Grapevine  - State Highway 121 and Hall Johnson Road
-- Dallas - McKinney Avenue and Lemmon Avenue
-- Dallas - Northwest Highway and Midway Road
-- Dallas - Northwest Highway and Ferndale Road
-- Dallas - Mockingbird Lane and Abrams Road
H-E-B has been buying up land in recent years, but these are the first buildings the retailer has purchased with one exception. A few years ago, Central Market, bought the former Borders Bookstore at the southeast corner of Preston Road and Royal Lane in Preston Hollow and converted it. 
H-E-B owns about 20 parcels of land in the North Texas region, including in Allen, Carrollton, Corinth, Dallas, DeSoto, Fort Worth, Frisco, Grand Prairie, Mansfield, McKinney, Murphy and Plano.
This acquisition puts H-E-B into more established Dallas neighborhoods in addition to the two fast growing suburbs of McKinney and Grapevine. It operates two Central Market stores in Dallas and one each in Plano, Southlake and Fort Worth.   The H-E-B stores are south of Dallas and Fort Worth in Burleson, Cleburne, Corsicana, Granbury, Ennis and Waxahachie. 
"We are evaluating the feasibility of each property acquired in this real estate transaction as part of our long term real estate investment portfolio," Jackson said. 
But a move into Dallas with its traditional grocery store is something that competitors have expected for a longtime. Today, H-E-B, which dominates in the state with Wal-Mart, only has a 1.9 percent market share in the Dallas area. 
Last year, H-E-B reached the top of the Houston market and this year it widened that lead to a 23.5 percent share. It grew larger than former leaders there, Kroger and Wal-Mart.  H-E-B has taken a different approach to the Dallas market. It first opened in Houston in the 1990s with small 20,000-square-foot Pantry stores. In the 2000s, it started building its larger H-E-B stores there.
Ray Schalek, of RLS Supermarkets of Carrollton, approached H-E-B about selling the six stores. In June, RLS sold 11 stores to Houston-based Fiesta Mart. Those stores are in the process of being converted to Fiesta Mart.
RLS will still operate the Sun Fresh store at 7007 Arapaho Road in Far North Dallas and two Cash Saver stores in southern Dallas at at 2130 East Ledbetter and 1201 W. Camp Wisdom, Schalek said. 
The longtime San Angelo grocer, moved into the Dallas market in 2011 with the purchase of  what was left of the Minyard Food Store chain from a Fort Worth investment firm. He declined to comment on his decision to give up on the Dallas-Fort Worth market at least with the former Minyard, Albertsons and Tom Thumb stores that he converted into Sun Fresh Markets in 2015.
Dallas-Fort Worth is one of the most competitive markets in the U.S. Not having a big corporate organization behind him likely made it harder to operate here. 
Written by Maria Halkias/Dallas Morning News 

Tuesday, August 16, 2016

Frisco’s $5 billion mile is just starting with Cowboys' The Star

When you see construction cranes along the Dallas North Tollway north of State Highway 121, you've hit Frisco's $5 billion mile.
Referring to a stretch of proposed real estate developments, the $5 billion mile is anchored at the south end by the Dallas Cowboys' Star development and at the north end by the planned Gate mixed-use project.
That works out to something like $950,000 a foot in big property deals along the tollway between Warren Parkway and Lebanon Road.
Though only about a fifth of the proposed projects are under construction, that hasn't kept Frisco from turning the idea into a major marketing campaign. Advertisements for Frisco and the $5 billion mile are popping up in financial publications touting the boom underway in the community.

"It's taken on a life of its own, and the momentum that has been generated in such a short period of time has been incredible," said Jim Gandy, president of the Frisco Economic Development Corp. "We have stepped up our marketing efforts on a regional and national and international basis.
"The recognition and notoriety of the $5 billion mile has far exceeded our expectations."
In the late 1990s, Frisco began to transform from a sleepy farming and railroad community into one of the fastest-growing cities in the country. Development spread north from State Highway 121 up Preston Road and along Dallas Parkway.
"Stonebriar mall opened in 2000, and there was an incredible amount of commercial retail development launched," Gandy said. "With the mall and the Frisco Bridges development, it's grown to more than 4.5 million square feet of retail and restaurant space."
About the same time Stonebriar Centre mall was being built, developer Craig Hall began his 162-acre Hall Park office development at the tollway and Gaylord Parkway. The Hall development now has 16 office buildings with more than 2 million square feet of space. And plans are in the works for a hotel and shopping.
"This whole northern tier of the Dallas North Tollway is exploding like never before," Gandy said.
The Cowboys' $1.5 billion home is just the first of the $5 billion mile developments to open its doors.

Frisco Station

Surrounding the Star, Van Trust Real Estate is building the 242-acre Frisco Station in partnership with developer Hillwood Properties and the Rudman Partnership.
Construction is set to start in September on the first seven-story office building on Warren Parkway in Frisco Station. The plans include 2,400 apartments, retail, entertainment, medical buildings and 4 million square feet of additional office space.
"From the city of Frisco's perspective, they wish we had the first office building up today," said Geoff Meyer, VanTrust Real Estate executive vice president. "They are fielding numerous business inquiries.
"It's well documented that there is a lack of available office space in Frisco."

Wade Park

Frisco Station hopes to have its office building ready for tenants before the first buildings open in the $2 billion Wade Park development on the other side of the tollway.
Plans for the 175-acre mixed-use project at the southeast corner of the Dallas North Tollway and Lebanon Road include about 600,000 square feet of retail; two luxury hotels; up to 6 million square feet of commercial office space; and 1,300 apartments, condominiums and single-family homes. A Whole Foods Market, iPic Theatre, Pinstripes bowling center and Hotel ZaZa are among the anchors named so far.
The first phase of the Wade Park shopping center is scheduled to open late next year.
"We are opening the first of the retail in October of 2017," said developer Stan Thomas of Thomas Land & Development. "Then, in spring of '18, we'll have another big chunk of the project come on board."
"What we are building is real special to create a regional draw," Thomas said. "You will be able to do everything from living there to officing there to having entertainment."
Thomas said design and construction of Wade Park has been complicated and time-consuming. The formal groundbreaking took place almost two years ago.
"Everything takes longer than you think it will," Thomas said.

The Gate

The fourth major development in the $5 billion mile, the 41-acre Gate mixed-use project at the tollway and John Hickman Parkway, is still in the planning stages and hasn't broken ground. Dubai-based Invest Group Overseas is looking for development partners and offering to sell construction sites in the $1 billion project.
Plans include almost 20 buildings ranging in height from about three stories to more than 10 floors. The development is envisioned to include more than 650,000 square feet of office space, almost 1 million square feet of residential buildings, more than 130,000 square feet of retail space and a luxury hotel.
The four projects along the $5 billion mile are just part of the development underway in Frisco. Other major projects are in the works along U.S. Highway 380, Main Street and Preston Road.
"I would assume there is another $2 billion out there under construction on the commercial side," Gandy said. He estimates that about 60 percent of Frisco's 71 square miles are developed or under construction.
"Frisco experienced a tremendous growth spurt from 2000 to 2008, and then things slowed when we had the economic downturn," Gandy said. "I never thought we would rebound beyond that growth rate.
"We have not only bounced back to that level of growth but far exceeded that."
The $1.5 billion Star in Frisco development sits on 91 acres on Warren Parkway, west of the Dallas North Tollway. It includes the Cowboys' headquarters, the 12,000-seat Ford Center stadium, two planned hotels and the Baylor Scott & White Sports Therapy & Research center.
Written by Steve Brown/Dallas Morning News