SAVE THE DATE: Dallas Startup Week in Frisco, Sept. 10-14

Frisco’s $2.5 billion Railhead development breaks ground on the tollway


FRISCO — Construction has kicked off on Frisco’s next multibillion-dollar development.

Called The Railhead, the 80-acre mixed-use project is on the Dallas North Tollway, just north of Frisco’s Main Street.

The project will be one of the largest in Frisco, with office, retail, restaurants, hotels and apartments.

The planned buildings will surround an almost 5-acre park that will have landscaping and water features.

Executives with developers Heady Investments and apartment builder JPI were on hand Tuesday with Frisco officials to start work on the $2.5 billion development.

The first phase will be a 450-unit apartment community built by JPI.

The project’s location — between the new PGA of America headquarters and resort and the Dallas Cowboys’ Star in Frisco development — was a big factor in JPI’s plan for the project, said senior vice president Miller Sylvan.

“This community will be JPI’s fourth development in the city of Frisco,” Sylvan said. “This community will have 17,000 square feet of ground floor retail space and 13,000 square feet of amenity space for our residents.

“There will be a rooftop deck with about 2,000 square feet overlooking the park. We took inspiration for the design from 1920s rail stations and did a modern take on that for our architecture.”

Plans for the Railhead include more than 1 million square feet of office, hotel and high-rise residential buildings and 1,280 apartments.

JPI will start work on its rental community after The Railhead developers complete infrastructure on the property between the tollway and Legacy Drive. “As soon as we get the roads and utilities in, they will get their permit to build,” said developer Randy Heady.

Heady Investments is partnering on The Railhead with longtime Frisco landowner Jim Newman.

“Our family originally came here in 1841,” Newman said. “The railroad came through the town in 1902, and it changed everything — even the name of the town after its namesake, the Frisco rail line.

“This new mixed-use property will pay homage to Frisco’s legacy creating an exciting destination for future residents,” he said. “I’m proud to see this vision coming together today, and I know the city will be happy to have another $1 billion property development on the tollway.”

Along with Newman, Shula Netzer was one of the owners of the property acquired for the development.

The Railhead has sites for up to five high-rise offices and hotels on the east side of the property along the tollway. The apartments will be built facing the park and on the west side of the development. Other sites could accommodate a combination of retail and office space.

Financing for the development is being provided by Simmons Bank.

Heady Investments is in talks with several more companies interested in the project.

“We’ve had over 2 million square feet of office development interest,” said executive vice president Sayres Heady. “We have two hotels that have expressed interest.

“We have medical users interested in building,” he said. “We have identified seven sit-down restaurant concepts — three of which have verbally committed.”

The Railhead will join the 2,500-acre Fields development, Hall Park, Frisco Station and the Star in Frisco among the city’s major mixed-use real estate projects.

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