Frisco, TX - Development Update North Texas Chapter of the Appraisal Institute

Transcription

1 Frisco, TX - Development Update North Texas Chapter of the Appraisal Institute

2 Frisco Fast Facts & Stats Land Square Miles 70.2 Land Developed 62% Population ,310 Population 2000 Census 33,714 Population Build Out 375,000+

3 Frisco s Growth 307% from nd fastest-growing city in America (as of July 2014) Fastest-growing city in America ( )

4 Residential Demographics Average Age 36 Households w/children 32.9% 17 & Younger Median Household $115,603 Income Average Home Value $359,924 Median Monthly Mortgage $2,187

5 Frisco Independent School District and Workforce Enrollment ,806 Projected Enrollment ,848 High Schools 8 Number of Schools 64 Residents % w/bachelor s or Grad Degree Workforce Estimate 75,633 Unemployment 2.9%

6 Property Tax Rate Comparison (Rates per $100 valuation FY 2015)

7 Current Inventory Frisco Hotel Inventories 2,007 Rooms Hotels Under Construction Drury Inn Hotel & Suites Summer Rooms Omni Hotel Summer Rooms Hotel Indigo Summer Rooms Hotels Announced Langham Hotel Summer Rooms Hotel ZaZa Summer Rooms Hotels Not Announced but in pipeline #1 Spring Rooms #2 Summer Rooms #3 - #5 in one location Summer Rooms #6 Summer Rooms #7 Summer Rooms Projected Inventory by Summer Rooms 426 Rooms 879 Rooms 3,899 Rooms

8 THE $5 BILLION MILE #5BMILE

9 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

10 $5 BILLION MILE STATS Development Acres 549 Potential Investment $5,700,000,000 Commercial SF (total) 14,585,000 Office Space SF 12,996,510 Hotel Rooms 1,320 Potential New Direct Jobs 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

11 $5 BILLION MILE (By the Numbers) 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 5,297,000 5,100,000 14,772 The Gate 41 Acres $1,000,000,000 1,080, ,510 3,500 Wade Park 175 Acres $2,000,000,000 6,500,000 6,000,000 22, Acres $5,700,000,000 14,585,000 12,996,510 43,772

12 THE STAR IN FRISCO $1 Billion Dallas Cowboys World Corporate Headquarters & Training Facility 91 Acres NWC Dallas North Tollway and Warren Parkway

13 THE STAR IN FRISCO $1 Billion Dallas Cowboys World Corporate Headquarters & Training Facility 91 Acres NWC Dallas North Tollway and Warren Parkway

14 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

15 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

16 Omni Hotel at The Star in Frisco 16 stories Opening: hotel rooms 250,000 square feet 43,000 sf conference center 13,000 sf ballroom & 24,000 sf breakout space

17 FRISCO STATION $1.7 Billion Developer: Rudman Partnership, Hillwood Properties, VanTrust Real Estate 242 Acres NWC Dallas North Tollway & Warren Parkway

18 Frisco Station Office space: 6.0 Million SF Potential direct jobs: 14,772 Medical office: 990,000 SF Hotel rooms: 200 Retail: 200,000 SF Single-family units: 120 Restaurants: 75,000 SF Multi-family units: 2,400

19 THE GATE $1 Billion Developer: Invest Group Overseas 41 Acres NWC Dallas North Tollway & John Hickman Parkway

20 The Gate 41 acre development: 2,300,000 SF (4) 8-story, Class-A office buildings: 896,510 SF Luxury boutique hotel: 90-room, 150,000 SF (2) 10-story luxury condos Luxury apartment units: 980 units Restaurants & retail: 100,000 SF

21 WADE PARK $2 Billion Developer: Thomas Land Development 175 acres SEC Dallas North Tollway & Lebanon Road

22 Wade Park 175 acres, mixed-use project Office: Retail: 6,000,000 SF 900,000 SF Hotels: Residential: rooms 1,300 units Whole Foods, ipic Theatre, Pinstripes, Hotel ZaZa, Langham Hotel, The Rustic, Yard House, Luna Grill

23 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

24 FRISCO EDC PROJECTS

25 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

26 HYATT REGENCY HOTEL Developer: Moon Hotel Stonebriar, Ltd NWQ Hwy 121 and Preston Road

27 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

28 Frisco Bridges Place Developer: Heady Investments Spec, six-story, Class-A office building, 100% covered parking 170,000 SF Class-A Office Completion: 2 nd quarter 2016

29 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

30 Frisco Hotel Indigo Developer: Dabu Hotels, LLC SWC Avenue of the Stars & Seei Circle 6-story hotel 110 rooms Blacklands Bar & Grill Groundbreaking: 1 st quarter 2016 Completion: Summer 2017

31 Frisco Hyatt House Developer: Newcrestimage Six-story 132 rooms Opening: 2 nd quarter 2016

32 The Shops at Starwood Phase III 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 2 nd quarter 2016

33 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

34 Verona Villa Tuscan-style event center NWC Dallas Pkwy at Stonebrook Pkwy 16,000 SF Expected completion: Summer 2016 Upscale indoor flex space & lush landscape, outdoor space Weddings, life events, corporate meetings & conferences

35 Stonebrook Business Park Developer: Goveia Commercial Real Estate Class-A office space: 600,000 SF Hotel: 150 rooms Retail & restaurants: 27,000 SF Conference Center

36 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

37 National Soccer Hall of Fame Located within Toyota Stadium 100,000 sq ft $39M project 24,000 sq ft exhibit space Front Entrance Located within Toyota Stadium Completion: December 2017

38 Frisco Fresh Market 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

39 Gander Mountain Eldorado Marketplace 60,000 SF retail Opening in Fall 2016 NWC Eldorado and Dallas North Tollway

40 Thank you, John M. Bonnot Director Economic Development