Massive development ‘The Mix’ launches at defunct Wade Park site

 

The development will be built around an 8-acre central park and include more than 16 acres of open green space.

FRISCO, Texas — This story was originally published by our partners at the Dallas Business Journal. You can read the original version here

A long-standing eyesore along the Dallas North Tollway is finally being transformed into a vibrant mixed-use district.

New York-based JVP Management began construction on Jan. 16 on The Mix, according to Community Impact. The $3 billion development will replace the abandoned Wade Park project, which left a massive hole on the site after construction stalled in 2017 due to financial and legal troubles from Atlanta-based real estate developer Stan Thomas.

Located at the southeast corner of DNT and Lebanon Road, the 112-acre development will feature an upscale grocery store, an 8-acre park, 400-room hotel, 375,000 square feet of retail, 3 million square feet of residential and 2 million square feet of office space. 

The first phase of The Mix should deliver a 114,000-square-foot medical office building, a 40,000-square-foot high-end grocer, about 33,000 square feet of retail space and 630 urban living units. A development agreement for the new project won unanimous approval Oct. 15 from Frisco City Council.

Infrastructure for phase one is expected to be finished by the end of 2026, according to the development agreement. The $113.4 million phase will be aided by a $10 million infrastructure grant from the Frisco Economic Development Corp., along with tax grants totaling $103.4 million from the City of Frisco, the EDC and the Frisco Community Development Corp.

Included in phase two of the project is a new underground parking garage with 3,000 spaces. Construction is expected to conclude in 2033, according to the development agreement.

The development will be built around an 8-acre central park and include more than 16 acres of open green space.

JVP Management could not be reached for comment at the time of publication.

StreetLights Residential, a Dallas-based, design-focused multifamily and mixed-use developer, is a partner on the project. Additional partners for The Mix include Torti Gallas + Partners and CallisonRTKL, Kimley-Horn, The Retail Connection and JLL.

Construction at the site ground to a halt more than six years ago, leaving a huge hole that was excavated for an underground parking garage. The unfinished site became the focus of litigation involving Thomas, the original developer of what had been called Wade Park, a key piece to what was at the time branded the “$5 Billion Mile” of development at the intersection of Dallas North Tollway and Highway 121.

“The hole by the tollway has been a major outlier in our story and there is significant consensus in the community for that condition to change,” the development agreement stated. “Successful completion of the first phase of The Mix will close the book on that chapter of our history and will set the tone for a successful buildout of the project.”

Developers first unveiled plans for The Mix in 2022. Similar to other major mixed-use project in Frisco like the 217-acre Firefly Park, the project is expected to take years to complete. The development neighbors other prominent mixed-use districts in Collin County, including The Star, the home of the Dallas Cowboys, as well as Frisco Station and The Gate.

 

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