A new mixed-use development in Frisco’s 2,500-acre Fields community could put Legacy West in Plano to shame, at least according to developer Fehmi Karahan.
Karahan is president and CEO of Plano-based The Karahan Companies, the real estate firm that built both projects.
Fields West, a future “corporate village” set to be built in the Fields development — itself is a joint venture undertaken by The Karahan Companies and Hunt Realty Investments — is slated to include “4,200,000 sq. ft. of corporate office space, 425,000 sq. ft. of retail, restaurant, and entertainment space, 2,000 urban living residences, and 375 hotel rooms,” according to the project website.
In an interview with the Dallas Business Journal, Karahan compared his two projects.
“Most people refer to Legacy West’s mixed-use component where you go to Del Frisco’s… the Food Hall, and all that. When you look at the Legacy West mixed-use village, with Renaissance Hotel and the Food Hall, that is a total of 34 acres,” Karahan said.
“The Fields West project — talking about specifically the mixed-use village just to make apple-to-apple comparisons — is 55 acres. And it encompasses two hotels instead of one of them,” he added.
The two hotels slated for construction in Fields West are Ritz Carlton and Autograph Collection by Marriott.
Frisco has been going through boom times in terms of building in recent years, likely in part because it has not been handicapped with a permitting department plagued by long delays when it comes to commercial developments, as previously reported in The Dallas Express.
Karahan said he feels confident that the project will attract corporations and other organizations looking for high-quality amenities.
“Fields West has certain advantages, such as the PGA headquarters, Omni hotel, and the most recently announced Universal Studios kids’ theme park across the street, and other incredible activities taking place surrounding our property,” Karahan told the Dallas Business Journal.
As previously reported in The Dallas Express, the Frisco City Council authorized the construction of a Universal Studios amusement park within its city limits in a 4-2 vote last month.
