News Summary
The Fields West development in Frisco, Texas has secured a $425 million construction loan from major banks, marking a significant step in its progress. The development aims to create a vibrant mixed-use community on 160 acres with residential, retail, and office spaces, and is part of a larger $2 billion investment in the area. The first phase will include over 1,140 apartments and substantial retail spaces, with notable brands already committing to lease. This project is expected to enhance the local economy and create thousands of job opportunities.
Fields West Development in Frisco Secures $425 Million Loan to Begin Construction
The Fields West development in Frisco, Texas, is set to move forward with construction after securing a significant $425 million loan. This project, estimated at $2 billion, encompasses a vast 160 acres and aims to create a mixed-use urban village that will enhance the local community.
Funding the Future
On July 1, 2025, developers closed a substantial loan from a consortium of banks, including Bank of America, JPMorgan Chase, and Prosperity Bank. Prior to this, the city of Frisco facilitated part of the funding by selling $70 million in municipal bonds on June 27, 2025. The developers are also set to receive an additional $24.5 million in grants upon the project’s completion.
Phase One Details
The first phase of the Fields West development will cover 55 acres and includes an impressive array of facilities. Plans include 1,140 apartments, 350,000 square feet of retail space, and 325,000 square feet of office space. Additionally, there will be eight parking garages to accommodate visitors and residents alike.
Strong Retail Demand
A notable aspect of this development is that over 70% of the retail space has already been pre-leased, indicating a robust demand for the upcoming shopping options. Notable retailers such as Bloomie’s, Kendra Scott, Pottery Barn, Sephora, and Mastro’s Steakhouse are among those confirmed to open, with the latter introducing its first North Texas location within the development.
Timeline for Completion
Scheduled phased openings for Fields West will commence in the northern part of the development by fall 2027. Full completion of the project is projected for the first quarter of 2028, setting the stage for an exciting new community space in Frisco.
Project Management and Economic Impact
This ambitious endeavor is being developed by The Karahan Companies and Hunt Realty Investments, in partnership with Chief Partners and Crosstie. Together, they aim to make Fields West a hub of activity and livability within Frisco. The project is part of a broader 2,500-acre Fields master-planned community, which will also house the PGA of America’s new headquarters and a planned Universal Kids Resort.
Job Creation and Economic Potential
Fields West is expected to generate thousands of job opportunities and become a vibrant community, with an emphasis on walkability and open spaces. The development is anticipated to generate more than $400 million in annual sales, highlighting its potential to stimulate economic growth in the area.
Future Developments
In addition to residential and retail offerings, two hotels are planned for the site, although financing details for these are still under negotiation. The Trammell Crow Co. is involved in efforts to attract corporate tenants to an additional 47 acres designated for office development within Fields West.
Comparative Projects
Developer Fehmi Karahan, known for leading the successful Legacy West project in Plano, Texas, anticipates Fields West creating a similar but more expansive impact on the region. As development progresses, Fields West is set to become a cornerstone of the Frisco community.
Deeper Dive: News & Info About This Topic
Additional Resources
- Local Profile: Fields West Frisco Megaproject
- Wikipedia: Frisco, Texas
- Dallas News: Fields West Development in Frisco Kicks Off Construction
- Google Search: Fields West Frisco Development
- Star Local Media: Frisco’s Fields West Attracts $425M Construction Loan
- Encyclopedia Britannica: Texas
- Bisnow: Fields West is 70% Leased and Ready to Go Vertical in Frisco
- Google News: Fields West Frisco
- Community Impact: 27 Businesses, Restaurants Sign Leases for Fields West Development in Frisco
