Dallas, Tx - North Plano, Frisco Real Estate development Pipeline

Dallas, Tx - North Plano, Frisco Real Estate development Pipeline

Frito Lay Employment - Dallas, Tx - North Plano, Frisco Real Estate development Pipeline

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There is quite a bit of development activity going on in the North Plano/Frisco area where inheritance company Park butts up to Stonebriar Centre. Developers have been taking benefit of the available land, convenient demographics, and close nearnessy to major employment centers. Included in this article is a demographic snapshot of the area, a synopsis of the around major employment centers, and a overview of the real estate development activity in the pipeline.

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Frito Lay Employment

Demographic Snapshot: The demographic profile for residents in this area is as follows:

Population- As of the 2nd quarter of 2008, the habitancy of this area was 12,336 habitancy in a total of 5,027 households (avg. Hh size of 2.4 people). This represents a habitancy increase of 89% since census 2000.

Ethnicity- 85% White, 2% Black, 5% Hispanic, 7% Asian, 1% Other.

Income Level- roughly 90% of residents within this geography fit into "High Income" categories. MarketAtlas breaks down the residents in this area into the following 8 categories: 42% are High Earners, 22% are Young Professionals, 15% are Upper Middle Families, 11% are Upper Middle Class, 3% are Middle America, 3% are Blue Collar, 3% are bottom Income, and 2% are Lower Income.

Major Employers: any major employers make this an intriguing area for real estate development. The following is a overview of the employment centers that can be seen in the MarketAtlas screen shot below.

Retail- Stonebriar Centre is a regional mall and the main sell attraction in the vicinity. It is anchored by Macy's, Sears, Nordstrom, Dillard's, Jc Penny & Dick's Sporting Goods. The Centre at Preston Ridge is a big box sell center over Gaylord Parkway and includes retailers such as Super Target, Best Buy, Floor Expo, Staples, Marshalls, Old Navy, Ross, etc. Other retailers in the immediate area comprise Ikea, Office Max, Michaels, WalMart, Sam's Club, Home Depot, La Fitness, Sports Authority, Bed Bath & Beyond, Maytag, Circuit City, Office Depot, JoAnn and Lowe's.

Office- inheritance company Park, on the south side of Hwy 121, is a 2,655 acre company park that includes tenants such as the Jc Penny Corporate Headquarters, Frito Lay Corporate Headquarters, Electronic Data Systems Corporate Headquarters, Lincoln property Co., Ericsson, PepsiCo, Verizon, Cingular Wireless, Capital One, and many others. To the north of Hwy 121, Hall Financial owns a 162-acre company park that houses tenants such as Ge, Kimberly Clark and Levi Strauss. North of Warren Parkway, Duke Realty owns a 3 building office complicated on a large site where they plan to build an further 4 buildings.

Real Estate development Pipeline: There are 7 projects in differing phases of the development process within the field area.

Village 121- Lincoln property Co. Is planning to build an 80-acre mixed use task at the intersection of Preston Road & Hwy 121. Plans comprise 500k sqft of retail, 150k sqft of office, a 250 room boutique hotel, and an unknown quantity of residential units. Ipic Entertainment is also planning to build a 60k sqft movie theater, cafeteria bar and bowling center on the site.

High road at Stonebriar- The Ainbinder Co. Is planning to build a 550k sqft, 0Mm mixed use task on as 35-acre site directly west of village 121 (Parkwood Blvd. & Hwy 121). Plans comprise 250k sqft of retail, 100k sqft of office, and a hotel. building is scheduled to start in early 2009 with completion in 2010. The package Store has already been identified as a retailer.

Hall Office Park- Hall Financial owns a 162-acre company park on the angle of Warren Parkway and the North Dallas Tollway. There are currently 14-multitenant office buildings faultless on the site, but plans comprise adding up to 6 more. The 15th building (127k sqft) is scheduled for delivery in early 2009. buildings 16 & 17 are currently in the planning stage.

Dr. Pepper StarCenter & Deja Blue Ice Arena- The Home of the Dallas Stars & Frisco Thunder is currently undergoing a Mm reparation that will add 1,500 seats, 4 luxury suites, a underground club, a new concession area, and an further parking garage. Completion is scheduled for June 2009.

Centre at Preston Ridge Apartments- Westwood Residential is building 655 apartments and 15k sqft of commercial space on Parkwood Blvd. North of Gaylord Parkway. Completion is scheduled for March 2009.

Post Frisco Bridges Apartments- Post Properties is building 269 apartments and 30k sqft of ground floor sell space on the southwest angle of Parkwood Blvd. And Warren Parkway. Completion is anticipated in March 2009.

The District- Margaux development owns a 91 acre site on the northwest angle of Warren Parkway and the North Dallas Tollway. As of February 2009, the task had been put on hold. The partnership was still choosing exactly what to build on the land, and when to start. Previous plans included building more than 6 million square feet of retail, hospitality, residential, and office space.

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