Railhead Frisco amounts to $2.5 billion

A mixed-use project called Railhead finally broke ground on and it will include hotels, offices, apartments and parks according to a Dallas Morning News article from May 31 which reports, 

“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.

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

The $2.5 billion development was made possible by Heady Investments and of course, Jim Newman, a Frisco landowner according to a Community Impact article from June 3. They say, 

“Heady Investments is partnering with landowner Jim Newman, a fifth-generation Frisconian, on the project.

“I have spent the last five years preparing a vision for this property as a key destination that will be central to Frisco’s future story,” Newman said at the groundbreaking. “This project was carefully designed with a focus on connectivity and natural spaces.”

Newman said The Railhead was the result of a “special city staff.” At the groundbreaking, he thanked City Manager George Purefoy, Deputy City Manager Ron Patterson and Development Services Director John Lettellier, among others.

“I am proud to see this vision become a reality today, and I know this city is ready to have another billion-dollar development on the tollway,” Newman said.”

The Railhead, together with Hall Park and the Star, will be one of the major mixed-use real estate projects of the grand development Fields development which covers 2,500 acres of land.