2 New Residential High-Rises Proposed for ‘$5b Mile’ in Frisco, Tx

2 New Residential High-Rises Proposed for ‘$5b Mile’ in Frisco, Tx

Dive Brief:
Developers for two major Frisco, TX, projects have announced plans to add residential high-rises, according to The Dallas Morning News. Officials with the Dallas Cowboys’ Star in Frisco have proposed a 17-story apartment tower, and Frisco Station developers said they will build a 24-story “urban living” high-rise. Both developers have requested zoning changes necessary to accommodate the projects. Frisco Station already had plans for 2,400 residential units as part of the $1.5 development. This would be the first residential project for the 91-acre Star in Frisco mixed-use campus.
Dive Insight:

Both Star in Frisco and Frisco Station are part of an estimated $5 billion worth of development either completed, in progress or in the planning stages in the city of Frisco.

This month, crews started construction on Frisco Station’s first hotel projects, two Marriott properties that will offer a total of 300 rooms. NewcrestImage, which is building the hotels, also has a Canopy by Hilton in the pipeline for a future phase. In December, construction also kicked off on the first apartments planned for the development. There was no word on whether the high-rise units are part of the 2,400 total or will be in addition to the residential units already planned.

In October 2016, crews also began building the first project in the Frisco Station development, a 228,000-square-foot, seven-story office building across the street from the Star in Frisco property. When Frisco Station is completely built out, it will also feature a 40-acre medical complex and 300,000 square feet of retail, dining and entertainment space, commonly referred to as The Hub.

Not too far from Frisco is another North Texas town that has also seen a surge in new development — Prosper, TX. Construction on the 500-acre, $1 billion Gates of Prosper mixed-use project is underway with its first phase, a 93-acre shopping center. When complete with its 20-year plan, the Gates of Prosper will also feature residential, office and retail space.

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