News Summary
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 Development in Frisco Secures $425 Million Loan to Begin Construction
The much-anticipated Fields West development in Frisco, Texas has taken a significant leap forward with its recent acquisition of a construction loan amounting to $425 million. This substantial funding has been provided by Bank of America, JPMorgan Chase, and Prosperity Bank, marking a key milestone for the project’s progress.
Fields West is set to become a prominent part of Frisco’s urban landscape, with a total investment projected to reach $2 billion. Spanning across 160 acres, the development’s first phase will cover 55 acres, showcasing a combination of residential, retail, and office spaces designed to create a dynamic, mixed-use community.
On June 27, 2025, the city of Frisco further showcased its support for the project by selling $70 million in municipal bonds. This financial backing is instrumental in fostering the development of Fields West, which will also benefit from an additional $24.5 million in grants upon the completion of the entire project.
The first phase will include 1,140 apartments, alongside 350,000 square feet of retail space and 325,000 square feet of office space, all complemented by eight parking garages. Early indications of success are evident, as over 70% of the retail space has already been pre-leased, demonstrating a robust demand from prospective businesses.
Major retailers poised to join the lineup at Fields West include Bloomie’s, Kendra Scott, Pottery Barn, Sephora, and the highly anticipated Mastro’s Steakhouse, which will be opening its first location in North Texas within the development.
The project plans to initiate phased openings, starting in the northern portion of the site around fall of 2027, with full completion expected by the first quarter of 2028. This timeline illustrates the developers’ commitment to delivering the project efficiently while adhering to their ambitious vision.
Developed by The Karahan Companies and Hunt Realty Investments, Fields West has also garnered support from partners including Chief Partners and Crosstie. In addition to being a destination for residents and shoppers, the Fields West project is integral to the larger 2,500-acre Fields master-planned community, which also encompasses the new headquarters for the PGA of America and the planned Universal Kids Resort.
The development aims to generate thousands of job opportunities, reinforcing Frisco’s growing reputation as a vibrant, walkable community focused on livability and open spaces. The city’s leadership strongly believes that Fields West will play a crucial role in enhancing the local economy, with anticipated annual sales and purchases projected to exceed $400 million.
Future plans include the potential construction of two hotels at the site, although financing details for these projects are still being negotiated. Additionally, Trammell Crow Co. is actively working on attracting corporate tenants for a planned 47 acres of office space at Fields West, further diversifying the development’s potential.
Fehmi Karahan, the developer behind the project, draws from his previous success with the Legacy West project in Plano, Texas. He anticipates that Fields West will have a substantial impact on the area, delivering a larger scale of growth and development.
As construction progresses, the community and stakeholders await the realization of Fields West as a hallmark of modern living and commerce in Frisco, Texas.
Deeper Dive: News & Info About This Topic
Additional Resources
- Local Profile: Fields West Frisco Megaproject
- Wikipedia: Frisco, Texas
- Dallas News: Fields West Development in Frisco Kicks Off Construction
- Google Search: Fields West Frisco Development
- Star Local Media: Frisco’s Fields West Attracts $425M Construction Loan
- Encyclopedia Britannica: Texas
- Bisnow: Fields West is 70% Leased and Ready to Go Vertical in Frisco
- Google News: Fields West Frisco
- Community Impact: 27 Businesses, Restaurants Sign Leases for Fields West Development in Frisco
Author: Construction FL News
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