$1.6B WADE PARK DEVELOPMENT IN FRISCO GETS EXPANDED VISION
November 25, 2014
Construction is underway on the $1.6 billion, 175-acre Wade Park mixed-use development in Frisco, but Atlanta-based developer Thomas Land & Development is ready to expand the project’s plans.
The development firm is enthusiastic it can play a part in Frisco’s “major growth,” with Wade Park, President and CEO Stan Thomas said. That enthusiasm is playing out in expanding the vision of the project.
“Attention to detail in developing a unique experience, while also creating a sense of community, is the driving vision behind the design, with the perfect mix of modern and comfortable urban living in one of North Texas’ most in-demand locations,” Thomas said in a statement.
The Wade Park project is off the Dallas North Tollway and Lebanon Road on a stretch of road eco-devo officials are naming Frisco’s ‘$5 Billion Mile,’ because of the amount of construction work within that area of the city, which includes the new world headquarters of the Dallas Cowboys.
Recently, Wade Park landed Whole Foods Market, iPic Theaters and Pinstripes, with plans to announce more retailers this year. The project will total 600,000 square feet of walkable retail at built-out.
The developer also plans to get underway with its first phase of office development, which includes two, 200,000-square-foot office buildings and two, 400,000-square-foot buildings. At build-out, Wade Park is expected to total 6 million square feet of office space.
Thomas released new renderings of the Wade Park development, which is being done by Atlanta-based design firm Wakefield Beasley & Associates in collaboration with Dallas-based 5G Studios. The new images give potential tenants the idea of the walkable community that’s heavily landscaped and designed.
Dallas-based SWA is the landscape and hardscape designer, along with Kimley Horn & Associates. Atlanta-based PHA Lighting is working on the project’s lighting. Dallas-based Balfour Beatty is the general contractor for the project.
Thomas is actively negotiating a flag for the 175-room boutique hotel. He expects to make an announcement on the new hotel partner by the end of the year. Along with the hotel, the developer plans to build a 350-room executive conference and meeting hotel along the Tollway and an upscale limited service hotel.
Nashville-based Bristol Development will develop 1,300 high-end apartments, 50 condominiums and 127 single-family residences with luxury amenities and concierge services within the Wade Park development.
Along with retail and residential, Thomas Land has started on the initial phase of the office portion of Wade Park. The two, 200,000-square-foot building and two, 400,000-square-foot offices buildings will be developed by Greenstone Properties. Dallas-based Peloton Commercial Real Estate will lease the properties.
The initial phases of Wade Park — which includes Whole Foods Market, iPic Theaters and Pinstripes — is expected to open in fall 2016.