Aerial view of the Fields West development site showcasing ongoing construction.
The Fields West development in Frisco, Texas has secured a $425 million construction loan from major banks, marking a significant step in its progress. The development aims to create a vibrant mixed-use community on 160 acres with residential, retail, and office spaces, and is part of a larger $2 billion investment in the area. The first phase will include over 1,140 apartments and substantial retail spaces, with notable brands already committing to lease. This project is expected to enhance the local economy and create thousands of job opportunities.
Fields West, a substantial $2 billion mixed-use urban village development in Frisco, Texas, has taken a major step forward in its construction journey. On July 1, 2025, the developers successfully closed on a sizable $425 million construction loan from major financial institutions, including Bank of America, JPMorgan Chase, and Prosperity Bank. This significant financial backing will catalyze the construction process, enabling the developers to bring their vision to life.
The expansive Fields West development encompasses 160 acres of land with the initial phase set to cover 55 acres. To assist in funding this ambitious project, the city of Frisco sold $70 million in municipal bonds on June 27, 2025. Additionally, the development will receive $24.5 million in grants upon the project’s completion, further supporting the overall funding strategy.
The first phase showcases an impressive array of facilities, including 1,140 apartments, 350,000 square feet of retail space, and 325,000 square feet of office space. In response to strong demand, over 70% of the retail space has already been pre-leased. Anticipated major retailers include well-known names such as Bloomie’s, Kendra Scott, Pottery Barn, Sephora, and Mastro’s Steakhouse, which is set to make its first appearance in North Texas at this location. The development will also feature eight parking garages to accommodate future visitors.
The phased openings of the development are scheduled to commence in the northern portion around fall 2027, with full completion expected by the first quarter of 2028. The Fields West project is part of a larger 2,500-acre master-planned community that includes additional attractions, such as the PGA of America’s new headquarters and a proposed Universal Kids Resort.
Frisco is anticipating a significant economic boost from Fields West, with projections estimating that the project will generate more than $400 million in annual sales and purchases. Aside from its economic implications, this development aims to create thousands of job opportunities to foster local employment. The project is designed to nurture a vibrant, walkable community focused on livability and open spaces, which could drastically enhance the lifestyle of residents and visitors alike.
The project is being spearheaded by The Karahan Companies and Hunt Realty Investments, along with contributions from partners like Chief Partners and Crosstie. Developer Fehmi Karahan, known for his success with the Legacy West project in Plano, Texas, expresses great confidence in Fields West making a similar but larger-scale impact in the region. Furthermore, there are two hotels proposed for the site, although financing details for these developments remain under negotiation.
To enhance the office sector of the project, Trammell Crow Co. has been recruited to attract potential corporate tenants to a proposed 47 acres of office development at Fields West. This aspect of the project further emphasizes the commitment to creating a diverse and thriving economic environment in Frisco.
As construction progresses, Fields West is poised to reshape the Frisco landscape significantly, transforming it into a bustling hub of commerce, living, and recreational opportunities for years to come.
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