Frisco, TX - Development Update - Frisco Economic Development

Frisco, TX - Development Update - Frisco Economic Development

Frisco, TX - Development Update
North Texas Chapter of the Appraisal Institute
Frisco Fast Facts & Stats
Land Square Miles
70.2
Land Developed
62%
Population 5.1.2016
Population 2000 Census
Population Build Out
155,310
33,714
375,000+
Frisco’s Growth
•
•
307% from 2000 – 2014
2nd fastest-growing city in America (as of July
2014)
•
Fastest-growing city in America (2000 – 2009)
Residential Demographics
Average Age
Households w/Children
17 & Younger
36
32.9%
Median Household
Income
$115,603
Average Home Value
$359,924
Median Monthly Mortgage
$2,187
Frisco Independent School District
and Workforce
Enrollment 5.2.2016
53,806
Projected Enrollment 2020
65,848
High Schools
Number of Schools
Residents 25+
8
64
60.2%
w/Bachelor’s or Grad Degree
Workforce Estimate
Unemployment
75,633
2.9%
Property Tax Rate Comparison
(Rates per $100 valuation – FY 2015)
Frisco Hotel Inventories
Current Inventory
Hotels Under Construction
• Drury Inn Hotel & Suites
• Omni Hotel
• Hotel Indigo
Hotels Announced
• Langham Hotel
• Hotel ZaZa
Hotels Not Announced but in pipeline
• #1
• #2
• #3 - #5 in one location
• #6
• #7
Projected Inventory by Summer 2018
2,007 Rooms
587 Rooms
Summer 2017
Summer 2017
Summer 2017
176 Rooms
301 Rooms
110 Rooms
426 Rooms
Summer 2018
Summer 2018
250 Rooms
176 Rooms
879 Rooms
Spring 2018
Summer 2017
Summer 2017
Summer 2017
Summer 2017
158 Rooms
100 Rooms
450 Rooms
83 Rooms
88 Rooms
3,899 Rooms
THE $5 BILLION MILE
#5BMILE
ONE MILE:
Dallas North Tollway between
Warren Pkwy. & Lebanon Rd.
FOUR PROJETS:
The Star in Frisco
Frisco Station
The Gate
Wade Park
$5.7 BILLION:
Investment that has been
announced or is already
under construction
$5 BILLION MILE STATS
• Development Acres
• Potential Investment
• Commercial SF (total)
• Office Space SF
• Hotel Rooms
• Potential New Direct Jobs
549
$5,700,000,000
14,585,000
12,996,510
1,320
43,772
Announced:
The Star: Dallas Cowboys World Corporate HQ and training facility, 12,000 seat multi-use event center,
Omni Hotel, 200K sf sports medicine facility
Wade Park: Hotel ZaZa, Langham Hotel, Whole Foods, iPic Theatre, Pinstripes, The Rustic, Yard House,
Luna Grill
$5 BILLION MILE (By the Numbers)
Size of
Development
The Star in Frisco
Frisco Station
The Gate
Wade Park
Potential
Investment
Commercial
Square Footage
Office
Square
Footage
Potential
New
Direct Jobs
91 Acres
$1,000,000,000
1,708,000
1,000,000
4,500
242 Acres
$1,700,000,000
5,297,000
5,100,000
14,772
41 Acres
$1,000,000,000
1,080,000
896,510
3,500
175 Acres
$2,000,000,000
6,500,000
6,000,000
22,000
549 Acres
$5,700,000,000
14,585,000
12,996,510
43,772
THE STAR IN FRISCO
$1 Billion
Dallas Cowboys World Corporate Headquarters & Training Facility
91 Acres NWC Dallas North Tollway and Warren Parkway
THE STAR IN FRISCO
$1 Billion
Dallas Cowboys World Corporate Headquarters & Training Facility
91 Acres NWC Dallas North Tollway and Warren Parkway
The Star in Frisco
 91 acres, mixed-use project
 71 acres developed by the Dallas Cowboys
 1,708,000 SF commercial
 2 hotels with 480 rooms total (Omni Hotel announced October 2014)
 4,500 potential new jobs at build out
The Ford Center at The Star in Frisco

Ford Motor Company & Texas Ford Dealers

Long-term sponsorship & naming rights

Publicly-owned, 557,881 SF, 12,000 seat multi-use events center / indoor stadium &
practice fields

Dallas Cowboys’ World Corporate Headquarters - 411,000 SF Class-A office building

Opening: Summer 2016
Omni Hotel at The Star in Frisco




16 stories
 Opening: 2017
300 hotel rooms
250,000 square feet
43,000 sf conference center – 13,000 sf ballroom & 24,000 sf breakout space
FRISCO STATION
$1.7 Billion
Developer: Rudman Partnership, Hillwood Properties, VanTrust Real Estate
242 Acres NWC Dallas North Tollway & Warren Parkway
Frisco Station
Office space:
Medical office:
Retail:
Restaurants:
6.0 Million SF
990,000 SF
200,000 SF
75,000 SF
Potential direct jobs:
Hotel rooms:
Single-family units:
Multi-family units:
14,772
200
120
2,400
THE GATE
$1 Billion
Developer: Invest Group Overseas
41 Acres NWC Dallas North Tollway & John Hickman Parkway
The Gate
• 41 acre development:
2,300,000 SF • (2) 10-story luxury condos
• (4) 8-story, Class-A office buildings: 896,510 SF
• Luxury apartment units: 980 units
• Luxury boutique hotel:
• Restaurants & retail: 100,000 SF
90-room, 150,000 SF
WADE PARK
$2 Billion
Developer: Thomas Land Development
175 acres SEC Dallas North Tollway & Lebanon Road
Wade Park
•
•
•
•
175 acres, mixed-use project
• Hotels:
500 + rooms
Office: 6,000,000 SF
• Residential:
1,300 units
Retail:
900,000 SF
Whole Foods, iPic Theatre, Pinstripes, Hotel ZaZa, Langham Hotel, The
Rustic, Yard House, Luna Grill
Langham Hotel Tower at
Wade Park
Developer:
Langham Hospitality Group







35-story tower
25 floors for luxury hotel
250 hotel rooms
25,000 sf meeting space
Rooftop pool deck
10 floors for residential homes
Opening: early 2018
FRISCO EDC
PROJECTS
1.
Hyatt Regency Hotel
2.
Frisco Bridges Place
3.
Drury Inn & Suites
4.
Frisco Hotel Indigo
5.
Frisco Hyatt House
6.
The Shops at Starwood Phase III
7.
Texas Scottish Rite Hospital
8.
Verona Villa
9.
Stonebrook Business Park
10.
The Tower at Frisco Square
11.
National Soccer Hall of Fame
12.
Frisco Fresh Market
13.
Gander Mountain
HYATT REGENCY HOTEL
Developer: Moon Hotel Stonebriar, Ltd
NWQ Hwy 121 and Preston Road
Hyatt Regency Hotel
Stonebriar Mall
Developer:
Moon Hotel Stonebriar, Ltd.
 15 floors luxury hotel
 295 hotel rooms
 50,000 SF meeting space
 800 space parking garage
 Opening: 2018
Frisco Bridges Place




Developer: Heady Investments
Spec, six-story, Class-A office building, 100% covered parking
170,000 SF Class-A Office
Completion: 2nd quarter 2016
Drury Inn & Suites
•
•
•
•
•
•
•
Developer: Drury Southwest, Inc.
SE corner Gaylord Pkwy & DNT
9-story hotel
185 rooms
3,000 sf of meeting space
200 parking spaces
Completion: Summer 2017
Frisco Hotel Indigo
• Developer: Dabu Hotels, LLC
• SWC Avenue of the Stars &
Seei Circle
• 6-story hotel
• 110 rooms
• Blacklands Bar & Grill
• Groundbreaking: 1st quarter 2016
• Completion: Summer 2017
Frisco Hyatt House
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Developer: Newcrestimage
Six-story
132 rooms
Opening: 2nd quarter 2016
The Shops at Starwood – Phase III
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
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Developer: Whitestone REIT
24,000 sq ft of restaurant and retail
8,600 sq ft of office space

SWC of DNT at Lebanon
Groundbreaking June 2015

Completion 2nd quarter 2016

Texas Scottish Rite Hospital
• Developer:
Scottish Rite Hospital
• NEC of DNT & Lebanon
• 40 acres
• 280,000 SF ambulatory
care center
• Conference center
• 30 acres: parks/sports fields
• Expected completion: 2017
Verona Villa
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
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 NWC Dallas Pkwy at Stonebrook Pkwy
Tuscan-style event center
 Expected completion: Summer 2016
16,000 SF
Upscale indoor flex space & lush landscape, outdoor space
Weddings, life events, corporate meetings & conferences
Stonebrook Business Park
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

Developer: Goveia Commercial Real Estate
 Hotel: 150 rooms
Class-A office space: 600,000 SF
 Conference Center
Retail & restaurants:
27,000 SF
Tower at Frisco Square
• Developers: Wolverine Interests &
Encore Office, LLC
• 5 story, Class-A office building
• 155,000 SF
• Gearbox Software corporate
headquarters & production studio
• Groundbreaking: August 2014
• Grand opening: December 2015
National Soccer Hall of Fame
Front Entrance
Located within Toyota Stadium

100,000 sq ft

$39M project

24,000 sq ft exhibit space


Located within Toyota Stadium
Completion: December 2017
Frisco Fresh Market
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
Farmers market mixed-use development
152,500 SF retail
60,000 SF office
600 multi-family units
200 hotel rooms - limited service
32 acres
 NEC Main Street at Frisco Street

Gander Mountain Eldorado Marketplace
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

60,000 SF retail
Opening in Fall 2016
NWC Eldorado and Dallas North Tollway
Thank you,
John M. Bonnot
Director | Economic Development
972.292.5143
[email protected]
http://www.friscoedc.com/presentations