X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FRISCO, TX-Site work begins this week on a $60-million hotel and convention center, where bookings also have begun for a project that’s roughly 18 months from a ribbon-cutting.

James L. Gandy, president of the Frisco Economic Development Corp., tells GlobeSt.com that the interest for bookings validates the move to team with Hammons to get a convention center with an attached hotel, one of the few such pairings on the industry’s building circuit. Hammons and the city signed a 20-year contract with renewal options plus penned a ground lease for the hotel’s site area, according to Gandy.

Work on the 320-room Embassy Suites hotel leads off the project, with the 100,000-sf convention center set to break ground in four to six months. The buildings will deliver simultaneously in February 2005. The project features a 48,000-sf ballroom with a seating capacity of about 2,400 to make it the fourth-largest venue of its type in the Dallas-Fort Worth metroplex. The project’s vertical date has not been set, Gandy says.

The hotel-convention center combo will sit on a 75-acre tract along with a $26-million Dr. Pepper StarCenter, an ice skating arena that doubles as a training headquarters for the NHL’s Dallas Burn and Junior A Texas Tornado team, and the $28-million Dr. Pepper/Seven Up Ballpark for the Double AA Frisco Roughriders. A gymnastics facility will round out the athletic offerings of the Southwest Sports Realty’s master plan for the $300-million public-private undertaking, which also calls for 75,000 sf of retail, more than one million sf of class A, mid-rise office buildings, residential component and a second hotel. Four miles to the north of the project site, Hunt Sport Group acquired 144 acres for a $65-million soccer stadium.

Steve Minton of Springfield, MO-based John Q. Hammons Hotels Inc. is the architect for the hotel-convention center, which includes a 1,000-space parking garage. CDI Contractors LLC of Little Rock, AR is the general contractor of the $40-million, privately funded hotel and $20-million city-funded convention center.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.