International developer submits plans for retail, residential, office space in Frisco

Frisco's commercial construction boom could continue with a new shopping mall, office towers, apartments and a hotel at a high-profile site under plans for a major development submitted to the city for preliminary approval this week. Hong Kong-based China Lesso Group's U.S. subsidiary is seeking the go-ahead from the Frisco Planning and Zoning Commission to build a 77-acre employment and entertainment district south of U.S. 380 and west of the Dallas North Tollway, according to documents submitted to the city. The expansive mixed-use development on Frisco’s northern boundary would have as its main component a multi-level, enclosed shopping center on top of a multi-story parking structure, ac

Frisco project will include huge fitness center, offices and retail

A new mixed-use development on the works for Frisco will bring a huge fitness center plus office and retail buildings on the Dallas North Tollway. The 36-acre property located north of Main Street on the west side of the tollway was originally planned for a data center, said Lee McCormick with owner Patronus Land Development. "We've owned it for several years but never moved ahead with the project," McCormick said. "Lifetime wants to do a large project there." Along with a 124,000-square-foot fitness center, the fitness chain is seeking zoning to build three office buildings and two restaurant and retail buildings, according to plans filed with Frisco. McCormick said Lifetime Fitness would s

Hosting 2026 World Cup could bring $620M economic impact to DFW

The 2026 FIFA World Cup, along with about $5 billion in short-term economic activity, is coming to Canada, Mexico and the United States. The three-nation North American bid won against Morocco the hosting rights for the international soccer tournament with a strong majority — 134 out of 200 casted votes — during the FIFA Congress held in Moscow on Wednesday. One of the main selling points for FIFA to host the World Cup in North America was the quality of stadiums, which received an overall score of 4.1 out of 5 in the last bid evaluation report released by FIFA’s Bid Evaluation Task Force. For the first time, the 2026 tournament will feature 48 teams and 80 matches, which, compared to the cu

Red Bird returns: Dallas City Council approves $22M for mall redevelopment

The Dallas City Council unanimously approved a $22 million city investment in the Red Bird Mall redevelopment. The vote advances a key piece of Mayor Mike Rawlings’ GrowSouth initiative. Rawlings in a tweet after the vote Wednesday called the decision to finance Red Bird Mall's redevelopment “a victory for southern Dallas and the entire city.” The money would come from past bond elections and city grants and loans to fund infrastructure, including roads and utilities for new development around the old mall. The funding would support a dense mixture of new retail, office, apartment and hotel space built on the mall's sprawling parking lots, as well as a renovation of the old mall. The total p

Frisco mayor cites 'drive to be great' in fast-growing city's next big projects

Frisco's mayor borrowed a phrase from an NFL great to describe the outlook for his city that's in demand among residents and businesses alike. "The drive to be great in everything we do is a culture here in Frisco that starts on the fifth floor of City Hall, permeates through every city employee and out into our community," Mayor Jeff Cheney said in a nod to Houston Texan defensive end J.J. Watt and his quest for greatness. Cheney's comments came as part of the annual State of the City luncheon hosted by the Frisco Chamber of Commerce. Nearly 500 people gathered at the Embassy Suites to hear about what to expect in the city's future. The largest zoning case in Frisco's history is coming up w

New UNT campus to offer degrees specific to Frisco

The University of North Texas' branch campus is expected to start construction no later than March 2022. Rendering courtesy University of North Texas Lindsay McCravy /Community Impact Newspaper Lindsay McCravy /Community Impact Newspaper StartFragment The University of North Texas plans to build its first ever branch campus in Frisco that will offer an array of new degree programs specific to the area. The campus is expected to open in 2023. On May 1, UNT and the city of Frisco announced a partnership to build a new branch campus that would serve at least 5,000 students and offer bachelor’s and master’s degrees. Show Full Story “This investment in our future provides our residents new oppor

Frisco hotel breaks ground thanks to $105M loan from local bank

Ground has broken on the Hyatt Regency Stonebriar hotel in Frisco thanks to a construction loan financed by Beal Bank. Beal made the funds available to Sam Moon Group through its affiliate CLG Hedge Fund LLC. CLG focuses on the commercial real estate industry and offers loans ranging from $50 million and more than $750 million. Sam Moon Group, headquartered in Dallas, is a holding company for several retail and real estate ventures. Its largest subsidiary is accessories superstore concept Sam Moon Trading Co. Its real estate portfolio includes the Renaissance Legacy Plano and Hyatt Place Alliance hotels in North Texas, as well as Metropark Square, a mixed-use development in The Woodlands. Sh

Growth and affordability: Is DFW the next Los Angeles?

With a constantly flow of corporate relocations, it’s no secret that North Texas is expanding rapidly. And with an influx of California companies and residents, the region is seeing similar growth to one of its rival cities on the West Coast. According to research from the JLL DFW Research team, Dallas-Fort Worth is seeing a level of growth similar to the raw population gains Los Angeles recorded between the 1970s and 1990s, around the same time DFW was suffering from the Texas’ oil bust. At that time, LA was tacking on roughly 100,000 more residents than North Texas annually. Show Full Story But by the start of the 1990s, migration started to shift. As Los Angeles became more crowded and p

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