Infamous tract of land in Frisco to get new $3B mixed-use community
A controversial chunk of undeveloped land in Frisco has a new savior: Called The Mix, it's a $3 billion mixed-use development planned for the site of the ill-fated Wade Park development at Dallas Parkway and Lebanon Road.
Wade Park was a mixed-use development that faltered when the developer declared bankruptcy, leaving unfinished building shells and a massive hole that was supposed to be a parking garage.
The Mix will be a 112-acre mixed-experience community with retail, medical, hotel, and residential buildings, with a 9-acre park in the center.
According to a release, they'll break ground in December 2022 and it's expected to be completed in 2026.
They're plotting approximately 2 million square feet of office space, 375,000 square feet of retail including a grocery store, two hotels - one business with 400-450 rooms and a smaller boutique hotel - and 3 million square feet of residential.
Participants include architectural firms Torti Gallas + Partners and CallisonRTKL, plus Kimley-Horn for planning and design engineering, The Retail Connection on the retail side, and JLL on the office and medical space.
“Our vision for The Mix is to create a community that embraces the diversity of Frisco," says Tim Campbell, identified as head of The Mix, in a statement.
"At the heart of The Mix will be a stunning 9-acre central park designed by OJB, the landscape firm behind Klyde Warren Park, with an event lawn and performance pavilion, playgrounds, promenades, and a beautiful pond," Campbell says. "With a total of 20 acres of green open space, The Mix will offer Frisco a truly walkable community with gorgeous, natural landscapes featuring Texas flora and mature trees."
StreetLights vice president of development Greg Coutant says, “We’re designing not only to optimize how residents will experience The Mix, but also to ensure the entire Frisco community will enjoy The Mix for its high-quality shopping, urban greenspaces, and the promotion of health and wellness as a Fitwel community.”
Fitwel was originally developed by the U.S. Centers for Disease Control and Prevention and the General Services Administration and has expanded within the building industry in response to the increasing importance of health to tenants and multifamily owners, with the incorporation of outdoor spaces and more.