Real Estate Information
Frisco Texas Real Estate Blog
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Home Values Rising
Wondering the latest & greatest in Frisco's development future? - The Frisco Economic Development Council's own Jim Gandy recently presented to the GroupOne Real Estate Network (a network of some of Frisco's top producing real estate proffesionals). Click the link HERE to see some of Frisco's latest, greatest, & upcoming!
Key Stats & Points:
- Frisco's project build out population is expected at 350,000!
- Current average home values are at $317,560
- Current Frisco ISD enrollment is 49,287.
- Frisco experienced 307% growth since 2000.
- The 5 Billion Dollar Mile
- The Star in Frisco
- Frisco Station
- The Gate
- Wade Park
- Frisco Bridges Place
- Frisco Hyatt House
- Texas Scottish Rite Hospital
- Stonebrook Business Park
- Grand Park
- Gearbox Software
- Frisco Commerce Center
- Hampton Inn & Suites
- Performance Indoor Training (PIT)
- Cornerstone Automation Systems
- Frisco North
The Colony TX scored a huge commercial win a few years back, the culmination of which is come due. The corner-stone of this development plan is ambitious project - Grandscape. Billed as one of the largest & most unique mixed use developments in the nation, this complex boasts 400+ acres, 3.9 million sqft of retail space, entertainment, & dining. It is in a prime location to serve The Colony, Castle Hills, Plano, Frisco, & more -not to mention the 306k cars per day projected to cruise past this development in 2015! The driving force behind this development is the massive Nebraska Furniture Mart of Texas. With Nebraska Furniture Mart's grand opening almost upon us.. it will be amazing to see how this project advances! - Have Questions? Please call Christie Cannon - 469-951-9588
Everything is bigger in TX.... to the tune of 1.8+ million square feet if you are the Nebraska Furniture Mart of Texas. This new shopping experience is part of a rejuvination of The Colony & Castle Hills areas, which includes new & updated projects like Grandscape. The cities newest commercial anchor, Nebraska Furniture Mart will be making their grand opening in the next month, complete with an appearance by Omaha's very own Warren Buffett. They are currently projecting over $1Bn in annual sales! Nebraska Furniture Mart is already ramping up the advertisements & a few giveaways to start the buzz.
Check out a few sneak peeks below! - Have Questions please feel free to give me a call! - Christie Cannon
The long time buzz appears to have come true... Frisco's own Brinkmann Ranch (the original Southfork Ranch from the Dallas TV show) has sold off another 330+ acres of their prime real estate. It appears that Landon Homes (most recently of Richwoods, Frisco fame) may be looking to develop another gated community here in East Frisco. As one of the last large land "hold-outs" here in Frisco it will be shocking to many to see another part of this icon finally in the hands of developers. With current low inventory levels, the continued sharp rise in land prices, and the expansion of Main st (east of Preston) it was only a matter of time. While this isn't the first parcel Brinkmann has sold, nor is it the iconic corner property (part of the original, smaller ranch) at Main & Preston - it is still an interesting development bound to capture the interest of many Frisco residents.
For those who may be short on their Frisco TX history, or the history of the Brinkmann Ranch - it is owned by Baxter Brinkmann, the founder, owner & CEO of Brinkmann Corporation (grills, outdoor recreational equipment, & more). The Ranch is a true working ranch and had held well over 5500 acres. The ranch runs a Black Angus & Longhorn cattle operation, as well as breeding program which has garned world recognition & offered multiple award winning horses. Prior to Brinkmann's ownership, the ranch was know as the Cloyce Box Ranch (Box Ranch). To the general US population, the Cloyce Box Ranch became know as "Southfork" in the original season of Dallas. After the first production season, the show was moved (at the Box family's request) off the property, where it settled to the west in Parker at the now more recognized Southfork location (previously called Duncan Acres). The Cloyce Box ranch became not only an icon in Frisco, but became a symbol of the "bigger in Texas" attitude that the nation came to assume of a Dallas cattleman. The site offered the perfect setting for local & national events. The Ranch (under both Brinkmann & Box ownership) hosted the famous Cattle Baron's Ball on several occasions. Cloyce Box, a former NFL player turned oil-man & entrepreneur, was as interesting a character as the ranch itself. Cloyce's son Doug Box wrote a very well regarded book, "Cutter Frisco", which chronicled life growing up on the ranch. Tragically, in 1987 the original & grand home (storied to have built in the 1940's to replicate Scarlett O'Hara's plantation home) caught fire & burned down - you can watch news reel footage on the internet about the tragedy. Sadly, Mr.Cloyce Box passed away prior to being able to reconstruct the home (hence the structure you still see standing as a frame today). Amazingly, the original staircase of the house survived the fire & can be found, along with an amazing exhibit, at the Frisco Heritage Museum.
Moving forward it will be interesting to see how the large remaining tracts are treated. Long has been an expressed desire to see a large corporate campus, but with the competing interest of rising home prices & land values - only Mr. Brinkmann & the future buyer may know for sure!
One thing is for sure, the "original Dallas" is (or perhaps soon to be "was") truly a Frisco original.
- Have some history to add? Have some history to correct? - We are happy to hear from you. - Kevin Cannon - 214-714-4032
Forbes Magazine published their "where to invest" list for 2015. Not surprisingly, Texas holds five spots on the "Best Buy" list with Austin (1), Dallas (3), Houston (5), San Antonio (6), & Fort Worth (10). While prices in Texas have been accelerating between 7-12% annually, it is a combination of buyer demand & a diverse economy that help keep our TX cities on the list.
Read the entire article here at Forbes.com.
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