Living Large in Frisco
- Aug 21, 2015
By Liviu Oltean, Associate Editor
Houston-based real estate firm Hines and Canadian partner Trez Capital L.P. are making big plans for the Dallas suburb of Frisco. The companies recently acquired a 311-acre property with plans to develop a single-family master-planned community dubbed Edgestone at Legacy.
According to the announcement, the land was acquired from the Estate of Bert Fields, which was represented by JLL’s Michael Swaldi, Larry McCorkle and Nick Hayden. Financing for the development will be handled by Texas Capital Bank, N.A.
Hines, which will act as master developer, will oversee the project and the design and development of the community master plan, which is set to include residential neighborhoods, community amenities, parks and primary infrastructure. The firm will also handle the marketing and sale of the residential and commercial development parcels.
The community will feature residences from home builders such as Coventry Homes, Darling Homes, Highland Homes, Huntington Homes, Shaddock Homes and Village Builders.
“As one of the fastest-growing cities in the country, the demand for quality, master-planned neighborhood communities offering homes, parks and other amenities is high,” Mayor Maher Maso said in a prepared statement. “We look forward to working with Hines and welcome its team to Frisco.”
Construction is expected to begin in late 2015.
Image courtesy of Hines.