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Frito Lay Employment - Dallas, Tx - North Plano, Frisco Real Estate improvement Pipeline
Good morning. Now, I learned about Frito Lay Employment - Dallas, Tx - North Plano, Frisco Real Estate improvement Pipeline. Which is very helpful for me and also you. Dallas, Tx - North Plano, Frisco Real Estate improvement PipelineThere is quite a bit of development activity going on in the North Plano/Frisco area where inheritance business Park butts up to Stonebriar Centre. Developers have been taking advantage of the available land, convenient demographics, and close proximity to major employment centers. Included in this article is a demographic snapshot of the area, a synopsis of the colse to major employment centers, and a summary of the real estate development activity in the pipeline.
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Demographic Snapshot: The demographic profile for residents in this area is as follows:
Population- As of the 2nd quarter of 2008, the people of this area was 12,336 people in a total of 5,027 households (avg. Hh size of 2.4 people). This represents a people increase of 89% since census 2000.
Ethnicity- 85% White, 2% Black, 5% Hispanic, 7% Asian, 1% Other.
Income Level- almost 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 lowest Income, and 2% are Lower Income.
Major Employers: some major employers make this an challenging area for real estate development. The following is a summary 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 include 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 business Park, on the south side of Hwy 121, is a 2,655 acre business park that includes tenants such as the Jc Penny Corporate Headquarters, Frito Lay Corporate Headquarters, Electronic Data Systems Corporate Headquarters, Lincoln asset Co., Ericsson, PepsiCo, Verizon, Cingular Wireless, Capital One, and many others. To the north of Hwy 121, Hall Financial owns a 162-acre business 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 supplementary 4 buildings.
Real Estate development Pipeline: There are 7 projects in differing phases of the development process within the branch area.
Village 121- Lincoln asset Co. Is planning to build an 80-acre mixed use project at the intersection of Preston Road & Hwy 121. Plans include 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, restaurant bar and bowling center on the site.
High road at Stonebriar- The Ainbinder Co. Is planning to build a 550k sqft, 0Mm mixed use project on as 35-acre site directly west of community 121 (Parkwood Blvd. & Hwy 121). Plans include 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 business park on the corner of Warren Parkway and the North Dallas Tollway. There are currently 14-multitenant office structure faultless on the site, but plans include adding up to 6 more. The 15th building (127k sqft) is scheduled for delivery in early 2009. structure 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 inexpressive club, a new concession area, and an supplementary parking garage. Completion is scheduled for June 2009.
Centre at Preston Ridge Apartments- Westwood Residential is building 655 apartments and 15k sqft of market 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 corner of Parkwood Blvd. And Warren Parkway. Completion is incredible in March 2009.
The District- Margaux development owns a 91 acre site on the northwest corner of Warren Parkway and the North Dallas Tollway. As of February 2009, the project had been put on hold. The partnership was still choosing exactly what to build on the land, and when to start. Former plans included building more than 6 million quadrate feet of retail, hospitality, residential, and office space.
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