Hillwood to partner on $1 billion Frisco project

Hillwood Properties, developers of Fort Worth’s AllianceTexas project, is one of three companies partnering to develop Frisco Station, a $1 billion mixed-use development next to the new Dallas Cowboys headquarters project in Frisco. Hillwood will be joined by The Rudman Partnership and VanTrust Real Estate in a proposed 242-acre development at the northwest corner of the Dallas North Tollway and Warren Parkway. As envisioned, the project will have 4 million square feet of Class A office space, 2,400 apartments, restaurants, entertainment venues, medical and wellness facilities, and open space/greenbelt amenities.

Hillwood will be the master developer of Frisco Station, coordinating land planning and infrastructure development, as well as executing the multifamily residential and non-office components of the project. VanTrust Real Estate will develop Frisco Station’s Class A office projects. As part of the collaborative partnership structure, Hillwood Properties and VanTrust Real Estate will acquire an ownership interest in the land in addition to their respective roles in the infrastructure and vertical development components. The initial phase of development is expected to begin in 2015. “We’re very excited to be partners in the Frisco Station project,” said Mike Berry, president of Hillwood Properties. “Location is always the key to any successful real estate effort, and to be able to develop this exciting project in the vibrant and growing Frisco community is a tremendous opportunity for us.