The city council of Frisco has approved a funding agreement for The Mix- a multibillion-dollar mixed-use development project that will receive up to $113 million for development purposes—a progression for the citys transformation.
Located at the corner where Lebanon Road meets Dallas Parkway lies The Mix. A revitalization effort, for the 112-acre area once referred to as Wade Park. This visionary $3B initiative aims to transform the area into an urban setting with a mix of office spaces galore in addition to retail shops and dining options that cater to everyone’s taste buds. The project also includes plans, for hotels and a range of living choices that promise to add diversity and vitality to the community.
In the beginning stages of this projects funding process multiple local organizations are coming together to support it financially. The Frisco Economic Development Corporation has pledged a $10 million grant, for infrastructure improvements. Additionally, the city, the EDC and the Frisco Community Development Corporation are offering tax incentives amounting to a total of $103. 6 million
The Mix: First Phase
Initial phase of infrastructure development is expected to be finished by the end of 2026 as, per the timeline projections; this advancement follows challenges such, as delays and legal complications associated with the developer of the site.
The highlight of The Mix will be its areas centered around a 9-acre park situated in the core of the projects development plan; the same talented group responsible, for Dallas’s well regarded Klyde Warren Park will be tasked with creating these outdoor spaces.
Site Previously Designated for the Wade Park Development
The Mix marks a beginning, for a location that has faced its share of obstacles in the past. The site was previously designated for the Wade Park development. Had been inactive since 2017 due to financial issues experienced by the initial developer. One significant reminder of the project – an excavation, for underground parking – will be transformed into a spacious new underground garage.
Mayor of Frisco shared an outlook regarding the projects progress and commended the enhancements made to the initial proposal and the teamwork, between urban planners and developers, in a collaborative effort.
Development team, behind the project shared their excitement. Emphasized their dedication to developing a initiative that resonates with Frisco’s goals and positively impacts the community.
The Mix is now part of the expanding collection of mixed-use developments, in Frisco city, alongside The Star. Where the Dallas Cowboys have their headquarters. The ongoing construction of Firefly Park nearby. These projects are working together to transform Frisco’s cityscape and economic outlook.
Read also: $1.2 Billion Lakeforest Mall Redevelopment Project, Gaithersburg
The Mix – Frisco Development Project Factsheet
Project Overview
Name: The Mix
Location: Southeast corner of Lebanon Road and Dallas Parkway, Frisco, Texas
Site Area: 112-acres
Total Investment: $3 billion
The Mix Development Details
Office Space: 2 million square feet (Class-A)
Retail Space: 375,000 square feet
Residential: 630 townhomes/urban living residential units( phase 1)
Hotels: Two planned
Green Space: 16+ acres, including a 9-acre central park
Funding and Incentives
Total Funding Package: Up to $113.4 million
$10 million infrastructure grant from Frisco Economic Development Corp.
$103.4 million in tax grants from City of Frisco, EDC, and Frisco Community Development Corporation
Timeline of The Mix development project
Infrastructure Completion (Phase One): Expected by end of 2026
Project Unveiled: 2022
City Council Approval: 2024
Read also: Hudson Yards: The Largest Private Real Estate Development in U.S
Key Features
Walkable, mixed-use neighborhood
Central park designed by OJB Landscape Architecture (known for Klyde Warren Park in Dallas)
New below-grade parking structure with 2,250 spots
Background
Site formerly planned for $2 billion Wade Park development
Previous project stalled in 2017 due to financial and legal challenges
Neighboring Developments
The Star (Dallas Cowboys headquarters)
Frisco Station
The Gate
Firefly Park (under construction)
Read also: San Jacinto Mall Redevelopment Project in Baytown, Texas
