$1.2B-Plus Mixed-Use Center Breaks Ground

FRISCO, TX—Thomas Land & Development, through its construction partner Balfour Beatty, has broken ground on Wade Park, a 175-acre mixed-use development whose first phase is set to open in Spring 2016 at the intersection of Lebanon Rd. and the southeast corner of Dallas North Tollway here. The center will combine upscale retailers, fine-dining and entertainment venues, hotels, commercial office space and residential housing.

Developer Thomas Land purchased the property from the Wade family, a prominent local family who owned the land for more than 100 years. GlobeSt.com has learned that the estimated construction cost for the project was $1.2 billion. However, we have also learned the project was recently expanded from 110 acres to 175 acres, and construction prices have not been estimated to include the entirety of the project.