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Re: Frisco: Wade Park

Posted: 07 Jun 2018 08:20
by jrd1964
Well, this place seems to have 9 lives.

https://www.dallasnews.com/business/rea ... ight-month

Re: Frisco: Wade Park

Posted: 07 Jun 2018 21:43
by DAFW
[Redacted]

Re: Frisco: Wade Park

Posted: 07 Jun 2018 21:44
by Tnexster
Is it wrong to be happy this partially built and dead project with a giant unfinished deepwater pond is sitting in Frisco and not downtown?

Re: Frisco: Wade Park

Posted: 14 Jun 2018 20:46
by jrd1964
Once more.... this has to be one of the most-foreclosed-on properties in north TX at this rate.

https://www.dallasnews.com/business/rea ... oreclosure

Re: Frisco: Wade Park

Posted: 08 Jul 2018 11:35
by Tnexster
What Frisco's floundering $2 billion Wade Park development says about the D-FW economy

https://www.dallasnews.com/business/rea ... fw-economy

Re: Frisco: Wade Park

Posted: 08 Jul 2018 12:43
by tamtagon
^That sounds reasonable, backing up a lot of forum talk. If the softening continues, the remaining big relocations that happen will be able to move uniqueness to the list of requirements instead of preferences. Should that happen, the suburban sites are diminished because no matter how different they are from each other, they are all about the same when compared to an urban site in downtown Dallas or Fort Worth, and maybe Las Colinas if living or working or hanging out around Lake Carolyn is able to become a thing.

I don't remember that Plano ever had a project anywhere near the size of Wade Park go into hibernation, but cumulatively I'd bet the scale was of unfinished deals had been similar after Plano's initial generation of remarkable employment center growth.

Re: Frisco: Wade Park

Posted: 08 Jul 2018 13:00
by Tnexster
I have always felt that Legacy West sort of sucked the life out of everything else around it while it was such a hot ticket. It will be fun to see what happens with Legacy East if any of that gets off the ground. Plano has a solid reputation building live-work-play environments that seem to be well received even if flawed by their lack of connectivity and surrounded by an expensive tollway system. There has been some talk about the strain on workforce availability and the excessive costs associated with driving in from the south which has shifted the focus of relocations and expansions south to less costly environments closer to the city center and airports. I also wonder how much relocation talk is currently being constrained by Amazon, nobody is going to want to go where they go since that move will suck the life out of talent availability wherever they land.

Re: Frisco: Wade Park

Posted: 09 Jul 2018 10:30
by The_Overdog
Amazon, nobody is going to want to go where they go since that move will suck the life out of talent availability wherever they land.


I think there is a large component to this, but not because they suck the talent but rather because they are doing very public legwork concerning amenities/concessions/buildout that normally is very private and very costly. Every mega company is going to have a template they can copy once this is completed.

Re: Frisco: Wade Park

Posted: 31 Jul 2018 15:50
by Kelley USA
Hmmm… I guess we'll see what happens. I would love for this to get off the ground though!

https://www.dallasnews.com/business/rea ... dy-restart

Re: Frisco: Wade Park

Posted: 31 Jul 2018 19:14
by itsjrd1964
Didn't they lose all their prospective tenants in the last few months?

Re: Frisco: Wade Park

Posted: 31 Jul 2018 19:52
by Tnexster
Will have to see how it gets reborn, that's a pretty big hole in the ground for whatever ends up going on top of it. Wade Park was a very ambitious project and maybe it would have done better had it come out of the ground on schedule and not get delayed. That delay seemed to benefit Legacy West.

Re: Frisco: Wade Park

Posted: 01 Aug 2018 09:08
by Kelley USA
I would assume that a number of tenants that backed out would still be open to signing a new lease... And I'm sure they've been working over the past year or so to get new commitments. I doubt they would get any new funding if they didn't already have some signed leases. I'm just confused as to where they already spent $130 million??

Re: Frisco: Wade Park

Posted: 01 Aug 2018 21:54
by Tnexster
Kelley USA wrote:I would assume that a number of tenants that backed out would still be open to signing a new lease... And I'm sure they've been working over the past year or so to get new commitments. I doubt they would get any new funding if they didn't already have some signed leases. I'm just confused as to where they already spent $130 million??


Good question, is there $130 million worth of work in grading the land, utilities, some roads and digging that giant swimming pool?

Re: Frisco: Wade Park

Posted: 10 Aug 2018 14:03
by Tnexster
Lenders still threatening Frisco's Wade Park with foreclosure sale

https://www.dallasnews.com/business/rea ... osure-sale

Re: Frisco: Wade Park

Posted: 04 Oct 2018 08:56
by Tnexster
Developer of Frisco's stalled Wade Park expects project to move forward

https://www.bizjournals.com/dallas/news ... organ.html

Re: Frisco: Wade Park

Posted: 04 Oct 2018 09:06
by Kelley USA
They should move Wade Park to Six Flags because this thing is a roller coaster!! I still doubt they get it done, but I'd love to see it happen.

Re: Frisco: Wade Park

Posted: 04 Oct 2018 11:05
by cowboyeagle05
Yeah, this news report is just more lip service.

Re: Frisco: Wade Park

Posted: 04 Oct 2018 11:35
by tamtagon
hahaha I love these advert-headlines! For a change, how about, "Developer of stalled Wade Park expects project to evaporate."

Re: Frisco: Wade Park

Posted: 04 Oct 2018 12:30
by Tnexster
Interesting side line about the Nashville project.

Re: Frisco: Wade Park

Posted: 12 Oct 2018 10:36
by Tnexster
Wade Park developer Thomas files for bankruptcy for project outside Nashville

https://www.bizjournals.com/dallas/news ... y-for.html

Re: Frisco: Wade Park

Posted: 12 Oct 2018 11:42
by tamtagon
doh!

Re: Frisco: Wade Park

Posted: 24 Oct 2018 12:30
by Kelley USA
Well never say never, but this does sound a little more promising. The thing that really stood out was the expected pace of build-out and the fact that they have not downsized the development at all. Assuming that if you're getting $850 million in new funding then you MUST have quite a few tenants signed and still on-board for the retail / restaurant space.

Again, have always been a fan of this proposal so would love to see it happen!

https://www.dallasnews.com/business/rea ... rk-project

Re: Frisco: Wade Park

Posted: 24 Oct 2018 12:46
by texasstar
jrd1964 wrote:Well, this place seems to have 9 lives.
ining

No kidding!!!

Re: Frisco: Wade Park

Posted: 24 Oct 2018 12:47
by texasstar
texasstar wrote:
jrd1964 wrote:Well, this place seems to have 9 lives.


No kidding!!!

Re: Frisco: Wade Park

Posted: 24 Oct 2018 15:59
by DAFW
Oh wow If that funding really does come through, It looks like Wade Park might actually get off the ground. A lot can happen with $850 Million, and if its all for only phase 1, Somethings GOT to be built.

I wonder if all the tenants that backed out will come back? or new tenants will sign on once things get moving again.

Re: Frisco: Wade Park

Posted: 20 Nov 2018 20:57
by Tnexster
$2B Frisco project off the foreclosure auction block

https://www.bizjournals.com/dallas/news ... block.html

Re: Frisco: Wade Park

Posted: 04 Dec 2018 16:10
by Tnexster
Frisco's $2 billion Wade Park project is back on the foreclosure list

https://www.dallasnews.com/business/rea ... osure-list

Re: Frisco: Wade Park

Posted: 05 Dec 2018 21:05
by itsjrd1964
Tnexster wrote:Frisco's $2 billion Wade Park project is back on the foreclosure list

https://www.dallasnews.com/business/rea ... osure-list


So, does this site have 9 lives? So strange to see the same development get foreclosed on so many times.

Re: Frisco: Wade Park

Posted: 06 Dec 2018 07:55
by texasstar
How to you blow something in Frisco?

Re: Frisco: Wade Park

Posted: 06 Dec 2018 16:42
by cowboyeagle05
Usually through a rolled up 100$ bill based on what I have seen visiting bars up there.

Re: Frisco: Wade Park

Posted: 07 Dec 2018 07:39
by texasstar
cowboyeagle05 wrote:Usually through a rolled up 100$ bill based on what I have seen visiting bars up there.


:D :D :D :D

Re: Frisco: Wade Park

Posted: 16 Jan 2019 20:30
by itsjrd1964
Frisco's troubled Wade Park is back on the foreclosure list

This is getting to be almost as bad as a drinking game.... :roll: :roll: :roll:

https://www.dallasnews.com/business/rea ... osure-list

Re: Frisco: Wade Park

Posted: 17 Jan 2019 09:37
by Tucy
itsjrd1964 wrote:Frisco's troubled Wade Park is back on the foreclosure list

This is getting to be almost as bad as a drinking game.... :roll: :roll: :roll:

https://www.dallasnews.com/business/rea ... osure-list


ROFL Post of the year.

Re: Frisco: Wade Park

Posted: 17 Jan 2019 18:41
by texasstar
This is very funny thread!

Re: Frisco: Wade Park

Posted: 26 Feb 2019 18:34
by itsjrd1964
In the latest episode of As Wade Park Turns, the property has been sold, but no word on what the new firm's plans are.

https://www.dallasnews.com/business/rea ... ip-unclear

Re: Frisco: Wade Park

Posted: 27 Feb 2019 13:23
by texasstar
Is this not the biggest cluster in DFW history?

Re: Frisco: Wade Park

Posted: 28 Feb 2019 14:00
by SMU_L1848
I haven't gone this close to a real estate foreclosure before. But I wonder if the answer was for the developer to give up some of the upside to the lender either in the form of a promote or simply changing the tiers in the waterfall agreement. Either way the "Platinum Corridor" is still booming and once they get this development in the right track again there still is tons of demand out there.

Re: Frisco: Wade Park

Posted: 15 Apr 2019 12:46
by itsjrd1964
Development woes at Wade Park force healthful Frisco restaurant to close

https://www.guidelive.com/food-and-drin ... rk-lebanon

Re: Frisco: Wade Park

Posted: 16 Aug 2019 12:02
by Tnexster
Developer of Frisco's $2 billion Wade Park is out of the deal, according to lender

https://www.dallasnews.com/business/rea ... rce=pushly