Frisco: Wade Park

jrd1964 · Post by **jrd1964** » 07 Jun 2018 08:20

Well, this place seems to have 9 lives.

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

DAFW · Post by **DAFW** » 07 Jun 2018 21:43

[Redacted]

Post by **Tnexster** » 07 Jun 2018 21:44

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?

jrd1964 · Post by **jrd1964** » 14 Jun 2018 20:46

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

Post by **Tnexster** » 08 Jul 2018 11:35

What Frisco's floundering $2 billion Wade Park development says about the D-FW economy

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

Post by **tamtagon** » 08 Jul 2018 12:43

^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.

Post by **Tnexster** » 08 Jul 2018 13:00

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 · Post by **The_Overdog** » 09 Jul 2018 10:30

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 · Post by **Kelley USA** » 31 Jul 2018 15:50

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

itsjrd1964 · Post by **itsjrd1964** » 31 Jul 2018 19:14

Didn't they lose all their prospective tenants in the last few months?

Post by **Tnexster** » 31 Jul 2018 19:52

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 · Post by **Kelley USA** » 01 Aug 2018 09:08

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??

Post by **Tnexster** » 01 Aug 2018 21:54

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?

Post by **Tnexster** » 10 Aug 2018 14:03

Lenders still threatening Frisco's Wade Park with foreclosure sale

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

Post by **Tnexster** » 04 Oct 2018 08:56

Developer of Frisco's stalled Wade Park expects project to move forward

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

Kelley USA · Post by **Kelley USA** » 04 Oct 2018 09:06

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.

Post by **cowboyeagle05** » 04 Oct 2018 11:05

Yeah, this news report is just more lip service.

Post by **tamtagon** » 04 Oct 2018 11:35

hahaha I love these advert-headlines! For a change, how about, "Developer of stalled Wade Park expects project to evaporate."

Post by **Tnexster** » 04 Oct 2018 12:30

Interesting side line about the Nashville project.

Post by **Tnexster** » 12 Oct 2018 10:36

Wade Park developer Thomas files for bankruptcy for project outside Nashville

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

Post by **tamtagon** » 12 Oct 2018 11:42

Kelley USA · Post by **Kelley USA** » 24 Oct 2018 12:30

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

texasstar · Post by **texasstar** » 24 Oct 2018 12:46

jrd1964 wrote:Well, this place seems to have 9 lives.

ining

No kidding!!!

texasstar · Post by **texasstar** » 24 Oct 2018 12:47

texasstar wrote:
jrd1964 wrote:Well, this place seems to have 9 lives.

No kidding!!!

DAFW · Post by **DAFW** » 24 Oct 2018 15:59

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.

Post by **Tnexster** » 20 Nov 2018 20:57

$2B Frisco project off the foreclosure auction block

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

Post by **Tnexster** » 04 Dec 2018 16:10

Frisco's $2 billion Wade Park project is back on the foreclosure list

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

itsjrd1964 · Post by **itsjrd1964** » 05 Dec 2018 21:05

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.

texasstar · Post by **texasstar** » 06 Dec 2018 07:55

How to you blow something in Frisco?

Post by **cowboyeagle05** » 06 Dec 2018 16:42

Usually through a rolled up 100$ bill based on what I have seen visiting bars up there.

texasstar · Post by **texasstar** » 07 Dec 2018 07:39

cowboyeagle05 wrote:Usually through a rolled up 100$ bill based on what I have seen visiting bars up there.

itsjrd1964 · Post by **itsjrd1964** » 16 Jan 2019 20:30

Frisco's troubled Wade Park is back on the foreclosure list

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

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

Tucy · Post by **Tucy** » 17 Jan 2019 09:37

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....

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

ROFL Post of the year.

texasstar · Post by **texasstar** » 17 Jan 2019 18:41

This is very funny thread!

itsjrd1964 · Post by **itsjrd1964** » 26 Feb 2019 18:34

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

texasstar · Post by **texasstar** » 27 Feb 2019 13:23

Is this not the biggest cluster in DFW history?

SMU_L1848 · Post by **SMU_L1848** » 28 Feb 2019 14:00

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.

itsjrd1964 · Post by **itsjrd1964** » 15 Apr 2019 12:46

Development woes at Wade Park force healthful Frisco restaurant to close

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

Post by **Tnexster** » 16 Aug 2019 12:02

Developer of Frisco's $2 billion Wade Park is out of the deal, according to lender

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

itsjrd1964 · Post by **itsjrd1964** » 03 Sep 2020 14:45

Case over Frisco’s $2B Wade Park development could drag for years, lawyer says

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

Post by **cowboyeagle05** » 04 Sep 2020 13:50

Well Frisco just inherited a huge hole in the ground for years to come.

itsjrd1964 · Post by **itsjrd1964** » 18 Nov 2021 11:50

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/

Post by **Tnexster** » 01 Nov 2022 16:41

Plans for high-profile Wade Park site in Frisco submitted to the state

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 · Post by **IcedCowboyCoffee** » 01 Nov 2022 16:55

A shame we never turned it into a swimming pool while waiting.

LongonBigD · Post by **LongonBigD** » 02 Dec 2022 09:24

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/

I45Tex · Post by **I45Tex** » 07 Dec 2022 10:25

Development site: https://themixfrisco.com/

Post by **Tnexster** » 24 Jul 2023 11:25

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/

itsjrd1964 · Post by **itsjrd1964** » 25 Jul 2023 06:20

"I work at The Mix." "I live at The Mix."
Cake mix? Chex mix?

Post by **tamtagon** » 25 Jul 2023 06:23

Mix 104.1

I45Tex · Post by **I45Tex** » 05 Aug 2023 13:55

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.