Rendering of the Fields West development showcasing its potential as a modern urban village.
Frisco, Texas, is set for a major transformation with a $425 million construction loan for the Fields West mixed-use development. This financing, provided by major banks, marks a critical milestone in the project’s timeline. The City of Frisco has also issued municipal bonds to support this urban development, which will span 55 acres and include retail, dining, and office spaces. Construction has commenced, with phased openings anticipated in the coming years, promising a vibrant new destination in the fast-growing region.
A recent announcement confirms that the Fields West project in Frisco, Texas, has successfully secured a substantial construction loan of $425 million as of July 1. This financing, which forms a crucial part of the development, is being provided by a consortium of major banks, including Bank of America, JP Morgan Chase, and Prosperity Bank. In addition to this private funding, the City of Frisco has actively participated in the project by selling $70 million in municipal bonds on June 27, underlining its commitment to local development.
Fields West is envisioned as a 55-acre urban village that will sit within the broader 2,500-acre Fields master-planned community. The development is spearheaded by Fehmi Karahan, the President and CEO of The Karahan Companies, who is well-known for creating the Legacy West area in North Texas. This new urban village is designed to provide a lively blend of shopping, dining, and entertainment options that cater to a diverse community.
The development will include a spacious 350,000 square feet of retail space, featuring a variety of shopping and dining experiences. Among the exciting retail offerings, 70% of the retail space is already pre-leased, showcasing strong commitment from both national brands and local boutique retailers. Notable brands that will be opening their doors at Fields West include Bloomie’s (marking the first Texas location of Bloomingdale’s innovative concept), Alo Yoga, Arhaus, Kendra Scott, Pottery Barn, Sephora, Williams Sonoma, and several more.
Furthermore, Fields West aims to elevate the dining landscape in Frisco, featuring a carefully curated selection of restaurants such as Green Point, Claremont, Mexican Sugar, Sixty Vines, and Tommy Bahama Marlin Bar. In a landmark addition, Mastro’s Steakhouse will be establishing its first location in the Dallas-Fort Worth area within this development.
The design of Fields West emphasizes walkability, encouraging residents and visitors to engage with the urban setting comfortably. In addition to retail and dining options, two hotels are planned for future development, although financing for these projects is still under negotiation. The overall intent of this mixed-use center is to create a vibrant community space that encourages interaction and exploration.
Fields West will also see collaboration with Trammell Crow Co. to explore opportunities for potential corporate office tenants across 47 acres of the site. This aspect of the project underscores the ambition to blend residential, commercial, and recreational facilities within this developing urban landscape.
Fields West is an integral component of the larger $10 billion Fields development, which also includes plans for a Universal Kids Resort and the new headquarters for the PGA of America. The project is significant, not only for the immediate community but for the overall growth dividend it will provide in Frisco, identified as one of the fastest-growing cities in the United States.
The phased construction for Fields West has already commenced, with openings anticipated from Q3 2027 into 2028. As a transformative initiative for the city, Fields West stands to redefine the urban living experience in Frisco, establishing a welcoming environment for residents, workers, and visitors alike.
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