A presentation prepared by the Frisco Economic Development Corporation and delivered to the Frisco Realtor Community Breakfast hosted by the Frisco ISD on March 17, 2015. Covers Frisco EDC and rapid growth being experienced by the City of Frisco and Frisco ISD. It includes an overview of the $5 Billion Mile located on the Dallas North Tollway in Frisco, Texas.
3. 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 Out 350,000+
Frisco Fast Facts and Stats
4. 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
6. 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
7. Frisco EDC Program Goals
1. Attract jobs from outside the area
2. Retain and expand local businesses
3. Improve product readiness and competitiveness
4. Enhance Frisco’s innovation culture through entrepreneurship
9. ONE MILE
Dallas North Tollway between
Warren Pkwy. & Lebanon Rd.
FOUR DEVELOPMENTS
The Star in Frisco
Frisco Station
The Gate
Wade Park
$5.4 BILLION
Investment that has been announced
or is under construction
10. • 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
11. 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
12. The Star in Frisco
Dallas Cowboys World Corporate Headquarters & Training Facility (open summer 2016)
NWC Dallas North Tollway and Warren Parkway
13. 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
15. Frisco Station Rudman Partnership / Hillwood / Van Trust
Office space: 4 Million SF Potential direct jobs: 14,772
Retail space: 122,000 SF Hotel rooms: 250
Restaurants: 75,000 SF Single family units: 73
Medical offices: 415,000 SF Multi-family units: 2,400
19. 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
20. Thank you
Dave Quinn, CEcD
Vice President
972.292.5158
@davequinn247
dquinn@friscoedc.com
FriscoEDC.com/publications-presentations