2015 03-17 FISD Realtor Breakfast - $5 B Mile
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Frisco ISD Realtor Breakfast March 17, 2015
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Transcript of 2015 03-17 FISD Realtor Breakfast - $5 B Mile
Frisco ISD Realtor BreakfastMarch 17, 2015
FRISCO FAST FACTSAND STATS
Land square miles 70.2 Land Developed 62% Growth Rate 2000 – 2014 307% Population 03.01.2015 146,480 Population 2000 Census 33,714 Population Build Out350,000+
Frisco Fast Facts and Stats
Residential Demographics
Average Age 34.5
Households w/children 33.2%
17 & younger
Median Household $109,956
Income Average Home Value $317,560 Median Monthly Mortgage $2,152
Frisco Fast Facts and Stats
ABOUT THE FRISCO EDC
About the Frisco EDC Texas Legislature passed ED Corporation Act in 1989 Frisco approved ½ cent sales tax for economic development in 1991 Frisco EDC established in 1991 as a Texas non-profit corporation Frisco EDC mission is to improve the economic opportunities and quality of life for all residents
Frisco EDC Program Goals
1. Attract jobs from outside the area2. Retain and expand local businesses3. Improve product readiness and competitiveness4. Enhance Frisco’s innovation culture through entrepreneurship
THE $5 BILLION MILE(#5BMile)
ONE MILEDallas North Tollway betweenWarren Pkwy. & Lebanon Rd.
FOUR DEVELOPMENTSThe Star in FriscoFrisco StationThe GateWade Park
$5.4 BILLIONInvestment that has been announcedor is under construction
• Development Acres 549• Potential Investment $5,400,000,000• Commercial SF (total) 13,485,000• Office Space SF 11,800,000• Hotel Rooms 1,320• Potential New Direct Jobs 43,772
THE $5 BILLION MILE:TOTAL DEVELOPMENT STATS
THE $5 BILLION MILE:DEVELOPMENT IMPACT
Size of Development
Potential Investment
Commercial Square Footage
Office Square Footage
Potential New
Direct Jobs
The Star in Frisco 91 Acres $1,000,000,000 1,708,000 1,000,000 4,500
Frisco Station 242 Acres $1,700,000,000 4,197,000 4,000,000 14,772
The Gate 41 Acres $700,000,000 1,080,000 800,000 3,500
Wade Park 175 Acres $2,000,000,000 6,500,000 6,000,000 22,000
549 Acres $5,400,000,000 13,485,000 11,800,000 43,772
The Star in FriscoDallas Cowboys World Corporate Headquarters & Training Facility (open summer 2016)NWC Dallas North Tollway and Warren Parkway
The Star in Frisco Blue Star Land 91 acres mixed-use project, 71 acres Cowboys will develop 1,708,000 SF commercial 2 hotels with 480 rooms total (Omni Hotel announced October 2014) 4,500 potential new jobs at build-out 12,000 seat multi-purpose event center
Frisco StationNWC Dallas North Tollway & Warren Parkway
Frisco Station Rudman Partnership / Hillwood / Van TrustOffice space: 4 Million SF Potential direct jobs: 14,772Retail space: 122,000 SF Hotel rooms: 250Restaurants: 75,000 SF Single family units: 73Medical offices: 415,000 SF Multi-family units: 2,400
The GateNWC Dallas North Tollway & future John Hickman Parkway
The Gate Invest Group Overseas (IGO) 41 acres, 2.3M SF development 4, 8-story, 200,000 SF, Class-A, office buildings Luxury 90 room, 150,000 SF boutique hotel 2 - 10 story luxury condos, 980 luxury apartment units 100,000 SF restaurants & retail
Wade ParkSEC Dallas North Tollway & Lebanon Road
Wade Park Thomas Land Development
175 acre mixed-use project Office 6,000,000 SF Retail: 500,000 SF Hotels: 500+ rooms Residential: 1,300 units
Tenants Announced: Whole Foods iPic Theatre Pinstripes Hotel ZaZa
Thank youDave Quinn, CEcDVice President972.292.5158@[email protected]
FriscoEDC.com/publications-presentations
