Developer News

Infamous tract of land in Frisco to get new $3B mixed-use community

The Mix is a massive new development slated for Frisco.

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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.

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REAL ESTATE NEWS

Dallas ranks No. 9 among U.S. cities for canceled home sales in 2025

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Homebuyers across the United States are ghosting sellers at record rates, and Dallas has some of the worst offenders. Real estate marketplace Redfin tracked which metros saw the most buyers getting cold feet before closing real estate deals: Dallas came in at No. 9.

Redfin says 17.7 percent of Dallas home purchases were called off in September 2025, an increase from 16.4 percent in September 2024.

Fort Worth was even worse, landing at No. 4. In September, 18.7 percent of Fort Worth home purchases were called off, up from from 16.6 percent the previous year.

By comparison, San Antonio ranked No. 2 overall, with the highest pull-out rate in Texas, at 19 percent.

Tampa, Florida, topped the list with a cancellation rate of 20.1 percent. The national average is 15 percent.

Redfin says Goldilocks thinking is largely to blame for the rise in buyers "ghosting" sellers. A lack of compromise on concessions and repairs is driving the trend, with buyers refusing to accept imperfect homes.

Meanwhile, sellers want to avoid losing money on the deal. This is especially true of homeowners who bought during the COVID-19 boom, who are holding their asking price firm to avoid taking a loss. With plenty of homes on the market in "Sun Belt" cities — in some place, more than twice as many sellers than buyers — buyers are weighing all options.

“I’m seeing a lot of buyer’s remorse,” explained Redfin agent Jo Chavez, in a release. “Buyers make an offer, then they start worrying they could have found a better deal or a better home because there are more home sellers than buyers in the market. Some other buyers are backing out because they’re concerned about job security.”

The top 10 markets with the most sideways deals include:

No. 1 — Tampa, Florida
No. 2 – San Antonio, Texas
No. 3 — Atlanta, Georgia
No. 4 — Orlando, Florida
No. 5 — Fort Worth, Texas
No. 6 — Riverside, California
No. 7 — Fort Lauderdale, Florida
No. 8 —Jacksonville, Florida
No. 9 — Dallas, Texas
No. 10 — Las Vegas, Nevada

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