The creation of a circa-1920s town square, including municipalbuildings, marks the largest project undertaken by the developmentcompany, based in the Dallas suburb of Flower Mound. FriscoSquare's first phase will consist of about 400,000 sf of office,retail, restaurant and apartment space. Major construction for thefirst phase will get under way in first quarter 2001 andtentatively is set for completion by year's end. When it is fullydeveloped, Frisco Square will total more than three million sf.

Five Star, headed by Cole McDowell, is teaming with nationallyrenowned architect David Schwarz of Washington, D.C. Schwarz isbest known in the region for his designs at Sundance Square in Ft.Worth, The Ballpark at Arlington and the under-constructionAmerican Airlines Center in Dallas.

A source told GlobeSt.com that decisions are pending for theselection of four other high-profile architects and severalwell-known residential home builders to round out the project'score team. A decision could be forthcoming by the end of nextweek.