An artistic depiction of the Fields West mixed-use development, showcasing its potential retail and dining spaces.
Fields West, a 55-acre mixed-use project in Frisco, Texas, has secured a $425 million construction loan. The funding, facilitated by Hunt Realty Investments and The Karahan Cos., will contribute to a project estimated at $2 billion. With plans for 350,000 square feet of retail and dining space as well as offices, Fields West aims to become a vibrant community hub, supporting significant local economic growth. Various notable brands are set to occupy the space, with a projected opening for components by 2028.
A partnership between Hunt Realty Investments and The Karahan Cos. has successfully secured a $425 million construction loan aimed at establishing the Fields West mixed-use development in Frisco, Texas. This financing package was backed by a group of financial institutions including Bank of America, J.P. Morgan Chase, and Prosperity Bank. In addition to this loan, the City of Frisco has also contributed to the funding efforts by selling $70 million in municipal bonds.
The Fields West project is a significant component of the broader 2,500-acre Fields master-planned community that was announced in 2022. Covering 55 acres, the total estimated cost for the development is projected to hit $2 billion. It is designed to offer a blend of **residential** and **commercial spaces**, including around 350,000 square feet dedicated to shopping, dining, and entertainment, alongside 325,000 square feet of Class A office space.
Construction is already well underway on the retail, restaurant, and entertainment segments, with initial elements within the project expected to be accessible to the public by the third quarter of 2027 and into 2028. Upon completion, Fields West is anticipated to generate more than $400 million in annual sales and purchases, greatly benefiting the local economy.
Exciting news for future visitors: approximately 70% of the commercial space has already been pre-leased. This includes a diverse mix of both national brands and boutique retailers. Notable retail outlets confirmed for the development include Bloomie’s (a Bloomingdale’s concept), Alo Yoga, Kendra Scott, Pottery Barn, Sephora, and Williams Sonoma. The food scene will also be bolstered by popular dining concepts such as Green Point, Claremont, Mexican Sugar, Sixty Vines, and Tommy Bahama Marlin Bar. Notably, Mastro’s Steakhouse is set to open its first location in the Dallas-Fort Worth metroplex at Fields West.
The leasing of the retail component is being handled by SHOP Cos., while CBRE is tasked with leasing the office space within the development. The long-standing involvement of Hunt Realty Investments in real estate development, acquisition, and operations spans over 40 years, positioning them well for this ambitious project. Meanwhile, The Karahan Cos. has made its mark in the area with the successful development of Legacy West in Plano, which was sold for $785 million.
Additionally, there are plans for the inclusion of two hotels on the property, although these are still under negotiation and are not currently accounted for in the construction financing. Alongside this, a partnership with Trammell Crow Co. is exploring the recruitment of corporate tenants for possible office development on a 47-acre section of the site.
Designing the master plan for Fields West is Gensler, a well-known architectural firm recognized for its innovative approaches. With both public and private financial backing, as well as an impressive array of tenants lined up, the Fields West development is poised to transform the economy and landscape of Frisco, Texas.
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