Frisco: Wade Park
Re: Frisco: Wade Park
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
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
https://www.dallasnews.com/business/rea ... oreclosure
Re: Frisco: Wade Park
What Frisco's floundering $2 billion Wade Park development says about the D-FW economy
https://www.dallasnews.com/business/rea ... fw-economy
https://www.dallasnews.com/business/rea ... fw-economy
Re: Frisco: Wade Park
^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.
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
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.
- The_Overdog
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Re: Frisco: Wade Park
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.
- Kelley USA
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Re: Frisco: Wade Park
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
https://www.dallasnews.com/business/rea ... dy-restart
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Re: Frisco: Wade Park
Didn't they lose all their prospective tenants in the last few months?
Re: Frisco: Wade Park
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.
- Kelley USA
- Posts: 916
- Joined: 27 Oct 2016 12:46
Re: Frisco: Wade Park
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
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
Lenders still threatening Frisco's Wade Park with foreclosure sale
https://www.dallasnews.com/business/rea ... osure-sale
https://www.dallasnews.com/business/rea ... osure-sale
Re: Frisco: Wade Park
Developer of Frisco's stalled Wade Park expects project to move forward
https://www.bizjournals.com/dallas/news ... organ.html
https://www.bizjournals.com/dallas/news ... organ.html
- Kelley USA
- Posts: 916
- Joined: 27 Oct 2016 12:46
Re: Frisco: Wade Park
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.
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- Location: Dallas
Re: Frisco: Wade Park
Yeah, this news report is just more lip service.
“Growth for the sake of growth is the ideology of the cancer cell”
Re: Frisco: Wade Park
hahaha I love these advert-headlines! For a change, how about, "Developer of stalled Wade Park expects project to evaporate."
Re: Frisco: Wade Park
Interesting side line about the Nashville project.
Re: Frisco: Wade Park
Wade Park developer Thomas files for bankruptcy for project outside Nashville
https://www.bizjournals.com/dallas/news ... y-for.html
https://www.bizjournals.com/dallas/news ... y-for.html
- Kelley USA
- Posts: 916
- Joined: 27 Oct 2016 12:46
Re: Frisco: Wade Park
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
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
iningjrd1964 wrote:Well, this place seems to have 9 lives.
No kidding!!!
Re: Frisco: Wade Park
texasstar wrote:jrd1964 wrote:Well, this place seems to have 9 lives.
No kidding!!!
Re: Frisco: Wade Park
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.
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
$2B Frisco project off the foreclosure auction block
https://www.bizjournals.com/dallas/news ... block.html
https://www.bizjournals.com/dallas/news ... block.html
Re: Frisco: Wade Park
Frisco's $2 billion Wade Park project is back on the foreclosure list
https://www.dallasnews.com/business/rea ... osure-list
https://www.dallasnews.com/business/rea ... osure-list
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Re: Frisco: Wade Park
Tnexster wrote:Frisco's $2 billion Wade Park project is back on the foreclosure list
https://www.dallasnews.com/business/rea ... osure-list
So, does this site have 9 lives? So strange to see the same development get foreclosed on so many times.
Re: Frisco: Wade Park
How to you blow something in Frisco?
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Re: Frisco: Wade Park
Usually through a rolled up 100$ bill based on what I have seen visiting bars up there.
“Growth for the sake of growth is the ideology of the cancer cell”
Re: Frisco: Wade Park
cowboyeagle05 wrote:Usually through a rolled up 100$ bill based on what I have seen visiting bars up there.
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
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Re: Frisco: Wade Park
Frisco's troubled Wade Park is back on the foreclosure list
This is getting to be almost as bad as a drinking game....
https://www.dallasnews.com/business/rea ... osure-list
This is getting to be almost as bad as a drinking game....
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
https://www.dallasnews.com/business/rea ... osure-list
Re: Frisco: Wade Park
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....![]()
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https://www.dallasnews.com/business/rea ... osure-list
ROFL Post of the year.
Re: Frisco: Wade Park
This is very funny thread!
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Re: Frisco: Wade Park
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
https://www.dallasnews.com/business/rea ... ip-unclear
Re: Frisco: Wade Park
Is this not the biggest cluster in DFW history?
Re: Frisco: Wade Park
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.
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Re: Frisco: Wade Park
Development woes at Wade Park force healthful Frisco restaurant to close
https://www.guidelive.com/food-and-drin ... rk-lebanon
https://www.guidelive.com/food-and-drin ... rk-lebanon
Re: Frisco: Wade Park
Developer of Frisco's $2 billion Wade Park is out of the deal, according to lender
https://www.dallasnews.com/business/rea ... rce=pushly
https://www.dallasnews.com/business/rea ... rce=pushly
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Re: Frisco: Wade Park
Case over Frisco’s $2B Wade Park development could drag for years, lawyer says
https://www.bizjournals.com/dallas/news ... gamma.html
https://www.bizjournals.com/dallas/news ... gamma.html
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Re: Frisco: Wade Park
Well Frisco just inherited a huge hole in the ground for years to come.
“Growth for the sake of growth is the ideology of the cancer cell”
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Re: Frisco: Wade Park
New plans are actually in the works, amazingly enough, for the empty buildings/mosquito farm, AKA Wade Park. Plans were presented to the city, but their biggest question was what would be done about "the hole".
https://communityimpact.com/dallas-fort ... in-frisco/
https://communityimpact.com/dallas-fort ... in-frisco/
Re: Frisco: Wade Park
Plans for high-profile Wade Park site in Frisco submitted to the state
https://www.bizjournals.com/dallas/news ... s-ftx.html
https://www.bizjournals.com/dallas/news ... s-ftx.html
Developers are set to move ahead on the defunct Wade Park project on the Dallas North Tollway in Frisco, according to documents submitted to the state.
Construction could start in January at the site that once was planned for the $2 billion project that stalled then became tangled in litigation, according to documents submitted to the Texas Department of Licensing and Regulation.
The Frisco Planning and Zoning Commission on Oct. 25 approved a revised conveyance plat for a retail/restaurant building with a parking garage, an urban living building with a parking garage, and six urban living residential buildings on 112 acres at the southwest corner of Dallas Parkway and Lebanon Road. The plat revised the street names to two entrances to the project off Lebanon Road to Platinum Way and Lowell Way and dedicated the easements necessary for development.
Three documents submitted to TDLR outline initial construction plans for a first phase totaling $138 million and totaling roughly 750,000 square feet of construction. Completion is set for May 2026.
- IcedCowboyCoffee
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Re: Frisco: Wade Park
A shame we never turned it into a swimming pool while waiting.
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Re: Frisco: Wade Park
IcedCowboyCoffee wrote:A shame we never turned it into a swimming pool while waiting.
There is still hope for the swimming pool if it rains enough. According to the DMN version this week, the hole would be part of Phase II. Phase I is expected to take until 2026. You read that right, 3 years to complete a suburban shopping center with grocery anchor, a couple of donut—I mean “urban living”—apartment buildings and a medical office building. Plenty of time to fill that pool! They could probably use a giant pool. There looks to be MANY donut—er “urban living”—apartment buildings planned.
While the $2B prior project which couldn’t get off the ground is being replaced with a $3B project, this one seems a better fit for the site. Nothing terribly risky here. Seems like a loose copy of The Shops of Legacy without the shops or sexy sizzle. And let’s face it, The Shops of Legacy lost its sizzle not terribly long after opening anyway.
https://www.dallasnews.com/business/rea ... in-frisco/
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Re: Frisco: Wade Park
Development site: https://themixfrisco.com/
Re: Frisco: Wade Park
Owners of Frisco’s Wade Park seek new zoning to revive project
The new plan is to change the project’s name to The Mix and add residential units and a town center.
https://www.dallasnews.com/business/202 ... e-project/
![Image](https://dmn-dallas-news-prod.cdn.arcpublishing.com/resizer/SbHiPj-Q3M2IyNSuVSJiXXyOh7s=/1660x934/smart/filters:no_upscale()/cloudfront-us-east-1.images.arcpublishing.com/dmn/4NZAEYUUINC67BOOJ4FJ4B2TKE.jpg)
The new plan is to change the project’s name to The Mix and add residential units and a town center.
https://www.dallasnews.com/business/202 ... e-project/
![Image](https://dmn-dallas-news-prod.cdn.arcpublishing.com/resizer/SbHiPj-Q3M2IyNSuVSJiXXyOh7s=/1660x934/smart/filters:no_upscale()/cloudfront-us-east-1.images.arcpublishing.com/dmn/4NZAEYUUINC67BOOJ4FJ4B2TKE.jpg)
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Re: Frisco: Wade Park
"I work at The Mix." "I live at The Mix."
Cake mix? Chex mix?
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
Cake mix? Chex mix?
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
Re: Frisco: Wade Park
They should totally build some golden arches for those who think they heard Mc's as a further abbreviation of Mc-eyDee's. Most McDonalds' have already gone boring beige business class already to get more morning coffee sales, or to outlive the Happy Meal reputation... Frisco is similarly engaged in a race to outlive the suburban certainty that its tax base will stagnate when it stops having spare land to develop.