In Frisco, the Dallas-based developer is planning to breakground in the coming weeks on a 100,000-sf first phase of FriscoMarket Center, a one-million-sf plan for an 88-acre tract at thejunction of Main Street and the Dallas North Tollway. In FlowerMound, the developer will build the 125,000-sf Plaza of theOaks.

Hermansen is starting out with retail at Frisco Market Center,but the plan includes 700 residential units in a high-end densitydesign, hotel and entertainment component. The multifamily projectis slated to deliver in early 2009. Meanwhile, the developer hassold seven acres to Main Event USA for a 70,000-sf facility. Workbegins in early 2008.

Kirk Hermansen, owner of Hermansen Land Development says hiscompany will exclusively develop Frisco Market Center's retailcomponent, but will farm out other parts of the verticaldevelopment. "We'll bring on the hotel operators. We're talking totwo right now and one is nearly under contract," he says. Themultifamily component also will be built by another developer.