A $3 billion, 112-acre community is under construction for Frisco’s famous abandoned Wade Park site, developers confirmed Wednesday.
The Mix, located on Dallas Parkway and Lebanon Road in Frisco, plans to include 3 million square feet of residential housing, approximately 2 million square feet of office space, 375,000 square feet of retail and two hotels, according to the development team. is included. The master developer is JVP Management based in New York.
JVP Tim Campbell, head of The Mix, said in a statement: “At The Mix, you can enjoy and interact with thoughtful architecture and a mosaic of vibrant green open spaces. We want everything to be beautiful.”
The Mix’s 28-acre first phase will break ground on December 22 at the north end of the site and is expected to be completed in 2026.
The first phase will include a 40,000-square-foot grocery store and 60,000-square-foot other retail stores, some residences, and a 120,000-square-foot medical clinic building with a garage, Campbell said in an interview. . The developer is in the process of leasing a grocery store, which Campbell declined to name.
The project will include a mix of rental and for-sale housing, including townhomes, high-rises and apartments.
“There will be some of everything,” said Campbell. “We really challenged our designers to create something in a house that was different from everything else in North Texas.”
The infirmary space is inspired by Frisco’s large healthcare market, which has attracted big companies such as Scottish Lights for Children and Baylor Scott & White. Many medical groups are looking to expand, Campbell said.
Campbell said he hopes the community will become a destination, with retail corridors along parks and offices. The plan includes a 400-450 room business hotel and a 200 room boutique hotel.
Regarding office space, Campbell says:
The community has a total of 20 acres of open green space. It will be built around a nine-acre Central Park designed by his OJB, the Clyde Warren Park landscaping firm in downtown Dallas. The park includes performance pavilions, playgrounds, walking trails, and ponds. In Phase 1, a 3-acre park will be handed over.
Dallas-based StreetLights Residential develops “new urbanist” multifamily and mixed-use developments. He has worked on nearly 13,000 apartments in his 19 cities in 6 states.
Greg Coutant, Vice President of Development for StreetLights Residential, said:
In addition to OJB and StreetLights, the development team includes master plan architects Torti Gallas + Partners and CallisonRTKL. He is Kimley-Horn, a planning and design engineering firm. Retail Real Estate Company The Retail Connection. JLL for office and medical spaces.
“We appreciate what Frisco leaders have achieved and their vision for the future. I’m excited about it,” Campbell said.
Frisco Planning and Zoning Commission Approve carrier Property in October. Development at the site has stalled since 2017, while marquee projects including The Star, home of the Dallas Cowboys, were being built nearby.
The previous development team, based in Atlanta, incorporated the land in 2013 and embarked on the $2 billion development in 2014. The project ran into delays and eventually he came to a halt in 2017, leaving a half-finished building and a huge hole in Lebanon Road. in the ground. The 6.8-acre hole will be filled as part of the second phase of the project, Campbell said.
Former developer declaration of bankruptcy In August 2020, attorney Stan Thomas filed in court claiming that his lender, Gamma Real Estate, defrauded him.
JVP and Torti Gallas + Partners presented the development proposal at a joint meeting with the Frisco City Council and Planning and Zoning Commission in November 2021. Community impact report.