The 2,544 acre ,biggest piece of continuous land in Frisco, has plans for a major mixed-use development.
Hunt Realty Investors, Dallas’ Chief Partners LP, Legacy West developer Karahan Cos, CrossTie Capital Ltd purchased the 2,544-acre Headquarters Ranch in Frisco from the estate of Bert Fields Jr.
Bert Fields was and still is a Frisco ICON! He was a very savvy Texas Oilman, banker and rancher. Bert knew business and clearly how to buy land for the future!
All parties will be involved in developing the property.
The land stretches from Preston Road west past the Dallas North Tollway and all the way north to U.S.
The Billionaires intend to design and build a large, mixed-use real estate project on the property including commercial buildings, offices, retail, single-family and multi-family homes and educational facilities.
The Karahan Cos led by Fehmi Karahan will be a co-master developer of the Fields property.
Karahan was lead partner in the hugely successful, $3 billion Legacy West development in Plano.
But don’t expect the Frisco project to be another Legacy West. They hope to make it help bring more companies to Frisco.
I have heard of mentions of a potential big business relo and PGA possibly relocating their headquarters there.
To be continued . . .
BRAD HOLDEN – HOLDEN NEW HOMES – LICENSED TEXAS REAL ESTATE BROKER