FRISCO, TX—Thomas Land & Development,through its construction partner Balfour Beatty,has broken ground on Wade Park, a 175-acremixed-use development whose first phase is set toopen in Spring 2016 at the intersection of Lebanon Rd. and thesoutheast corner of Dallas North Tollway here. The center willcombine upscale retailers, fine-dining andentertainment venues, hotels,commercial office space andresidential housing.

Developer Thomas Land purchased the property from the Wadefamily, a prominent local family who owned the land for more than100 years. GlobeSt.com has learned that the estimatedconstruction cost for the project was $1.2billion. However, we have also learned the project was recentlyexpanded from 110 acres to 175 acres, and construction prices havenot been estimated to include the entirety of the project.

According to Stan Thomas, president and CEO ofThomas Land, “With the acquisition of additional land beyond theoriginally planned 110 acres, the development will eventuallyexpand to 175 acres to substantially increase office space. We arecreating a true destination center, to live, work, shop and play ina convenient and beautiful setting. We are looking forward toproviding a sneak peek of Wade Park at a community event thiscoming fall.”