Welcome, NYU Students October 16, 2015
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1 Welcome, NYU Students October 16, 2015
2 FRISCO, TX Bring Your Dreams
3 Frisco is Centrally Located in the U.S. All major cities in the continental U.S. are within a four hour flight time
4 Centrally Located in Dallas Fort Worth Metro 25 minutes from DFW International Airport & Dallas Love Field
5 ABOUT THE FRISCO EDC
6 About the Frisco Economic Development Corporation Established 1991 & funded by ½ cent City sales tax for economic dev. Mission is to improve the economic opportunities and quality of life for all residents of Frisco Focus on job creation, business retention & expansion, & expansion of the City property tax base
7 Frisco EDC Program Goals 1. Attract jobs from outside the area 2. Retain and expand local businesses 3. Improve product readiness and competitiveness 4. Enhance Frisco s innovation culture through entrepreneurship
8 Frisco Fast Facts & Stats Land square miles 70.2 Land Developed 59% Growth Rate % Population ,030 Population 2000 Census 33,714 Population Build Out 350,000+
9 Residential Demographics Average Age 34.5 Households w/children 33.2% 17 & younger Median Household $109,956 Income Average Home Value $317,560 Median Monthly Mortgage $2,152
10 Frisco Independent School District and Workforce Enrollment ,991 Projected Enrollment ,848 Number of Schools 64 Residents % w/bachelor s or Grad Degree Workforce Estimate 70,184 Unemployment 3.2%
11 Frisco s Growth 307% from nd fastest-growing city in America (as of July 2014) Fastest-growing city in America ( )
12 THE $5 BILLION MILE #5BMILE
13 ONE MILE: Dallas North Tollway between Warren Pkwy. & Lebanon Rd. FOUR PROJETS: The Star in Frisco Frisco Station The Gate Wade Park $5.4 BILLION: Investment that has been announced or is already under construction
14 Warren Parkway North to Lebanon Road on the DNT $5 Billion Mile Stats: Development Acres 549 Potential Investment $5,400,000,000 Commercial SF (total) 14,585,000 Office Space SF 12,900,000 Hotel Rooms 1,320 Potential New Direct Jobs 43,772 Announced Developments: Dallas Cowboys World HQs and Training Facility, 200K sf sports medicine facility, 12,000 seat multi-event center, Omni Hotel, restaurants, medical offices, multi-family housing, boutique hotel, high-rise apartments and luxury condos, Hotel ZaZa, Whole Foods, ipic Theater, Pinstripes
15 $5 BILLION MILE STATS Size of Development Potential Investment Commercial Square Footage Office Square Footage Potential New Direct Jobs The Star in Frisco 91 Acres $1,000,000,000 1,708,000 1,000,000 4,500 Frisco Station 242 Acres $1,700,000,000 5,297,000 5,100,000 14,772 The Gate 41 Acres $700,000,000 1,080, ,000 3,500 Wade Park 175 Acres $2,000,000,000 6,500,000 6,000,000 22, Acres $5,400,000,000 14,585,000 12,900,000 43,772
16 THE STAR IN FRISCO Dallas Cowboys World Corporate Headquarters & Training Facility 91 Acres NWC Dallas North Tollway and Warren Parkway
17 The Star in Frisco 91 acres, mixed-use project 71 acres developed by the Dallas Cowboys 1,708,000 SF commercial 2 hotels with 480 rooms total (Omni Hotel announced October 2014) 4,500 potential new jobs at build out
18 The Ford Center at The Star in Frisco Ford Motor Company & Texas Ford Dealers Long-term sponsorship & naming rights Publicly-owned, 557,881 SF, 12,000 seat multi-use events center / indoor stadium & practice fields Dallas Cowboys World Corporate Headquarters - 411,000 SF Class A office building Opening: summer 2016
19 Omni Hotel at The Star in Frisco 16 stories Opening: hotel rooms 250,000 square feet 43,000 sf conference center 13,000 sf ballroom & 24,000 sf breakout space
20 The Ford Center at The Star in Frisco
21 FRISCO STATION Developer: Rudman Partnership, Hillwood Properties, VanTrust Real Estate 242 Acres NWC Dallas North Tollway & Warren Parkway
22 Frisco Station Office space: 5.1 Million SF Potential direct jobs: 14,772 Medical office: 990,000 SF Hotel rooms: 200 Retail: 122,000 SF Single-family units: 120 Restaurants: 75,000 SF Multi-family units: 2,400
23 THE GATE Developer: Invest Group Overseas 41 Acres NWC Dallas North Tollway & John Hickman Parkway
24 The Gate 41 acres, 2.3M SF development 4, 8-story, 800,000 SF, Class-A office buildings Luxury 90-room, 150,000 SF boutique hotel 2, 10-story luxury condos 980 luxury apartment units 100,000 SF restaurants & retail
25 WADE PARK Developer: Thomas Land Development 175 acres SEC Dallas North Tollway & Lebanon Road
26 Wade Park 175 acres, mixed-use project Office: 6,000,000 SF Hotels: rooms Retail: 500,000 SF Residential: 1,300 units Whole Foods, ipic Theatre, Pinstripes, Hotel ZaZa, Langham Hotel, The Rustic
27 Langham Hotel Tower at Wade Park Developer: Langham Hospitality Group 35-story tower 25 floors luxury hotel 250 hotel rooms 25,000 sf meeting space Rooftop pool deck 10 floors residential homes Opening: early 2018
28 FRISCO EDC PROJECTS
29 1. Frisco Bridges Place 2. Drury Inn & Suites 3. Frisco Hyatt House 4. The Shops at Starwood Phase III 5. Texas Scottish Rite Hospital 6. Verona Villa 7. Stonebrook Business Park 8. Grand Park 9. The Tower at Frisco Square 10. Frisco Fresh Market 11. Frisco Commerce Center 12. Frisco North
30 Frisco Bridges Place Developer: Heady Investments Spec, six-story, Class-A office building, 100% covered parking 170,000 SF Parking Garage Completion 3 rd quarter 2015
31 Drury Inn & Suites Developer: Drury Southwest, Inc. SE corner Gaylord Pkwy & DNT 9-story hotel 185 rooms 3,000 sf of meeting space 200 parking spaces Completion: Summer 2016
32 Frisco Hyatt House Developer: Newcrestimage Six-story 132 rooms Opening 4 th quarter 2015
33 The Shops at Starwood Phase III Developer: Whitestone REIT 24,000 sq ft of restaurant and retail 8,600 sq ft of office space Located SWC of DNT at Lebanon Groundbreaking June 26, 2015 Completion 1 st quarter 2016
34 Texas Scottish Rite Hospital Developer: Scottish Rite Hospital 40 acres 200,000 SF ambulatory care center Conference center 30 acres: parks/sports fields Expected completion: 2017
35 Verona Villa Tuscan-style event center NWC Dallas Pkwy at Stonebrook Pkwy 16,000 SF Expected completion: spring 2016 Upscale indoor flex space & lush landscape, outdoor space Weddings, life events, corporate meetings & conferences
36 Stonebrook Business Park Developer: Goveia Commercial RE Groundbreaking: 4 th quarter 2015 Class-A office: 600,000 SF Retail & restaurants: 27,000 SF Hotel: 150 rooms Conference center
37 Grand Park City of Frisco Frisco Community Development Corp. Frisco Economic Development Corp. 350 acres, including: -140 acres commercial development Phase I - $33M for public park & water feature
38 Tower at Frisco Square Developers: Wolverine Interests & Encore Office, LLC 5 story, class A office building 155,000 SF Gearbox Software corporate headquarters & production studio Groundbreaking: August 20, 2014 Completion: 2015
39 Frisco Fresh Market Farmers market mixed-use development 100,000 SF retail 200,000 SF office 600 multi-family units 120 room limited service hotel 32 acres NEC Main Street at Frisco Street
40 Frisco Commerce Center Developer: Crow Holdings Management Contact: Stream Realty 8.1 acre site 137,020 SF office, technical and distribution space 27 dock doors, 2 ramps Under construction Completion: 2015
41 Frisco North 330 acres Cinemark Theatre announced June 2013 Retail, office, hotels, restaurants, multi-family and medical Open space & amenities
42 EB-5 PROGRAM Frisco Texas International Development Center
43 What is an EB-5 Program? The EB-5 Program refers to a visa category Employment Based Fifth Preference (EB-5) Created in 1990 to promote job creation and encourage foreign investment in the United States Immigrant investors receive conditional resident status in the United States for a two-year period upon an investment of: $1 Million $500,000 in targeted employment areas Capital must be invested in a new commercial enterprise that creates 10 permanent U.S. jobs per investor FriscoTXEB5.com
44 Business Flexibility Education Benefits Preferred Residency Benefits of the EB-5 Program Access to non-traditional financing Economic development: Job creation Increased property taxes Generate sales tax FriscoTXEB5.com
45 Frisco Texas International Development Center (FTIDC) The FTIDC was approved by the U.S. Citizenship and Immigration Services (USCIS) on August 1, 2013 The FTIDC Regional Center geographic zone includes Collin, Dallas and Denton Counties The FTIDC is wholly owned and controlled by the Frisco Economic Development Corporation (FEDC) FriscoTXEB5.com
46 #5BMILE FriscoEDC.com/5BMile
47 Thank you, James L. Gandy, CEcD, CCIM President
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