North Texas development is so massive, it can be difficult to know what development is going where and what companies are moving to Plano vs. Frisco.
Legacy West and Plano
Right now, some of the best brands call Plano home: Dell Services, Dr. Pepper Snapple Group, Frito-Lay, and Rent-A-Center.
But now, thanks to a great tax incentive plan by the City of Plano, several more huge companies are moving near Legacy West, a 250-acre “modern neighborhood destination” at the southwest corner of the Dallas North Tollway and State Hwy 121.
For simplicity sake, Legacy West is on the opposite side of the Dallas North Tollway from the Shops at Legacy, which has many restaurants and a movie theater.
The next phase of Legacy West is opening in June. And because of its amenities and urban living, more companies are moving to the area.
Legacy West and Plano have attracted Toyota Motor North America, Liberty Mutual Insurance and JPMorgan Chase & Co, and most recently, Boeing has announced it will relocate its global services division headquarters in the area too.
Right now, Legacy West is the biggest development in North Texas.
The Karahan Companies is leading the development of Legacy West adjacent to the JCPenney headquarters, including the $500 million mixed-use Legacy West urban center.
Fehmi Karahan, the lead developer, also created The Shops at Legacy in Legacy Town Center off the Dallas North Tollway in 1988. Legacy West is an extension of this project.
And that is just in Plano.
Just north of the Dallas North Tollway and State Hwy 121 is another successful development known as the 5-billion mile.
Yes, five billion is being invested in Frisco at the same time as Plano’s wildly successful Legacy West.
The Star in Frisco
Even Jerry Jones’ Dallas Cowboys are moving their world corporate headquarters there. Called “The Star in Frisco” the 91-acre, mixed-use campus offers an indoor stadium with 12,000 seats, a 20-acre multi-use event center, and two hotels with 480 rooms.
Also in the same area is Frisco Station, developed by Rudman Partnership, Hillwood Properties, and ValTrust Real Estate. It’s 242 acres, mixed-use development, which includes, office, retail, restaurants and hotels.
According to the press release: The Rudman’s have owned land in Frisco for more than 50 years, and their developments in the City include the Baylor Medical Center Complex, the 2500 Legacy Office Building, the luxury residential subdivisions Stonebriar Park and Chapel Creek and the Villas at Chapel Creek apartments.
Dubai-based Invest Group Overseas are also developing mixed-use area to feature luxury residential, retail and office space.
The mixed-use luxury development to be located on nearly 41 acres at the northwest corner of the Dallas North Tollway and future John Hickman Parkway. IGO’s corporate leaders introduced the project Sunday in Dubai, at Cityscape Global, one of the largest international real estate development and investment events in the world.
Thomas Land & Development is developing 175 acres of mixed-use land as well.
The initial 110 acres of Wade Park are under design by Wakefield Beasley & Associates architectural firm, developing village featuring 600,000 square feet of high- end specialty retail, including a 45,000 square foot Whole Foods Market. Entertainment venues for bowling, movies and nightlife will be announced in the coming weeks, and a boutique hotel and a luxury hotel are also in the development plan.