CCIM Christmas Party at Family Gateway Homeless Shelter

December 11, 2019

Mission Marketplace Bible Study - special visit today from Susie Jennings of Operation Care - opcare.org. Thanks Mike Tirone for your leadership!

December 5, 2019

Done Deal

December 3, 2019

News Charles Schwab Will Move HQ From San Francisco To DFW Suburb After $26B TD Ameritrade Merger

November 25, 2019

Sam Moon Group extends its reach from retail to luxury hotels

November 9, 2019

Abiding Fathers 2019 Legacy Luncheon

November 6, 2019

Smart Business Expo 2019

November 5, 2019

Here Comes Granite Park Six: A Luxury 415K SF Office Building Off Highway 121

September 10, 2019

Texas Central high-speed rail project moves forward following RPA approval

September 10, 2019

Uber confirms it's bringing 3,000 jobs to Dallas with major hub

August 20, 2019

Please reload

Recent Posts

Mission Marketplace Bible Study - special visit today from Susie Jennings of Operation Care - opcare.org. Thanks Mike Tirone for your leadership!

December 5, 2019

What the Redevelopment of Downtown’s Last Vacant Building Means for Downtown The CEO of Downtown Dallas Inc. weighs in on a journey from 42 vacant bui...

August 15, 2019

CCIM Christmas Party at Family Gateway Homeless Shelter

December 11, 2019

1/10
Please reload

Featured Posts

5 real estate trends to know in Frisco

July 9, 2017

|

Nicole Luna-Community Impact

Frisco’s housing market is booming, but the upward trend is not limited to single family homes. High-rises, urban-living developments and senior living options are also occupying the market. Here are five real estate trends for Frisco.

 

1. Rising property values spur tax relief efforts from council

 

Home values in Frisco increased nearly 50 percent in nine years, according to data from Residential Strategies Inc., a Dallas market research company.

 

Tim Nelson, a Realtor and Frisco City Council member, said as a result of increased home values City Council approved its first-ever residential homestead exemption June 20. The 7.5 percent exemption will save the average homeowner about $143 on a tax bill.

 

“It’s great when you sell the home, but in the meantime the assessed value is going up and there’s an increased tax burden,” Nelson said. “One of the things we want to do is increase homeownership and encourage our young families to come back to Frisco, and one of the things we can do with a homestead exemption is lower the tax burden.”

 

 

 

2. $5 Billion Mile developments planning Residential High-rises

 

High-rise residential towers will be the next type of housing coming to Frisco.  The Star in Frisco and Frisco Station are including residential towers in their plans.

 

Frisco City Council amended plans for The Star to include a potential 17-story residential high rise. The building is planned for 160 units at maximum.

 

Frisco Station developers are planning a 25-story urban-living building at Gaylord and John Hickman parkways. The building will be part of what the developers call The Hub, which will have more than 200,000 square feet of retail, restaurant and entertainment space. 

 

Wade Park, a 175-acre mixed-use development on the southeast corner of the Dallas North Tollway and Lebanon Road, is also anticipated to include a 12-story multifamily high-rise.

 

3. Apartments are on the rise

 

Since 2015, the number of multifamily and urban-living units in Frisco has increased by 2,021 units, with 3,737 units under construction and 7,277 units in the pipeline.   

 

“One of the reasons [multifamily] is such a hot topic right now is because so much inventory has come online at the same time, and that’s clearly based on demand,” Nelson said.

4. Housing for seniors doubles

 

Frisco has 16 existing senior living facilities with three more under construction and three proposed.

Tracy West, executive director for Watermere at Frisco—a senior living community—said the baby boomer generation is coming into retirement age and has created an entire market for senior housing.

 

“[A lot of residents] are local and have lived [in the area] for years, and they’re now getting to that point where they don’t want to have to take care of a house anymore,” West said.

 

5. Job growth drives housing

 

According to the U.S. Bureau of Labor Statistics, among the 12 largest metropolitan areas in the country, the Dallas-Fort Worth area ranked first in the rate of job growth and second in the number of jobs added from May 2016 to May 2017. The Dallas-Plano-Irving Metropolitan Division, which accounts for 71 percent of the area’s workforce, added 90,400 jobs in the past year.

 

“As we continue to see job growth, we’ll continue to see demand in housing to include our standard single family, multifamily and urban-living,” said Nelson. “As long as there are new jobs coming online that are local [and] as long as [Frisco ISD] continues to deliver quality education, there’s going to be demand.”

Tags:

Friscojuly2017

Please reload

December 2019 (3)

November 2019 (4)

September 2019 (2)

August 2019 (3)

July 2019 (2)

June 2019 (2)

May 2019 (4)

April 2019 (10)

March 2019 (6)

February 2019 (13)

January 2019 (10)

December 2018 (10)

November 2018 (5)

October 2018 (14)

September 2018 (9)

August 2018 (8)

July 2018 (5)

June 2018 (9)

May 2018 (9)

April 2018 (8)

March 2018 (7)

February 2018 (8)

January 2018 (11)

December 2017 (6)

November 2017 (5)

October 2017 (6)

September 2017 (12)

August 2017 (10)

July 2017 (8)

June 2017 (3)

May 2017 (4)

April 2017 (7)

February 2017 (2)

January 2017 (2)

December 2016 (3)

November 2016 (2)

October 2016 (5)

August 2016 (2)

July 2016 (1)

May 2016 (3)

April 2016 (6)

March 2016 (1)

February 2016 (7)

January 2016 (6)

December 2015 (4)

November 2015 (5)

October 2015 (5)

September 2015 (5)

August 2015 (1)

July 2015 (3)

June 2015 (12)

May 2015 (10)

April 2015 (7)

Please reload

Archive
  • HOME

  • COMPANY

  • SERVICES

  • TEAM

  • NEWS

  • LISTINGS

  • CONTACT

  • CAREERS

  • More

    4300 Sigma Road
    Suite 100
    Dallas, TX 75244

    O) 972.250.5800

    E) info@capstonecommercial.com

    • w-facebook
    • LinkedIn Clean
    • Twitter Clean
    • Instagram Clean
    • YouTube Clean
    • SidekicksLogoC-01

    Texas Real Estate Commission Information About Brokerage Services

    © 2015 Capstone Commercial . All Rights Reserved . Created by Modern Collective            

    Consumer Protection Notice Facts