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What is THE GATE in FRISCO going to be?


The Gate in Frisco

Frisco’s Economic Development Corporation has a lot on their plate for the next five to ten years. To get a better understanding of what’s going on you should be aware of the phrase Frisco’s $5B Mile and what all it entails.

When all is said and done  THE GATE will be a $700 million part of the $5B Mile in Frisco.  Headed by Dr Anas Kozbari CEO of the Dubai based IGO development firm.  Dr Kozbari first visited the Frisco area in late 2011 to meet with Frisco Mayor Maso and other city officials and scout out potential sites for The Gate.

The Gates’  main PROJECT FEATURES will be 17 magnificent buildings and 7 villas allowing for the enjoyment of open spaces in between the buildings and villas.  Which at street level both residents and guests will be able to stroll along paths lined with endless possibilities for shopping and leisure as practically every building has retail shops and restaurants on the ground floor level.

Beyond the retail and restaurants there will be four buildings dedicated to offices.  And the nice part of this arrangement will be the easy access to DNT plus convenient access to a truly urban lifestyle.  Overall there will be 980 apartment units in 7 separate buildings of 4, 5 and 10 stories.  In the 10 story buildings, residents will enjoy prestigious comfort and security with access to convenient interior parking facilities.

And of course business guests and travelers visiting The Gate in Frisco desiring Five-Star hotel facilities a 90 room boutique hotel, nestled near the pond area will provide memorable accommodations with VIP amenities and treatment as would be expected.  Those guests wanting a more personalized service there will have 7 (seven) pond-fronting villas that can be rented on a daily basis or beyond accordingly.

On a pure SQUARE FOOTAGE breakout ….. there will be 41 Acres (1,785,960 SF) of prime space along DNT and John Hickman Parkway with 1,212,000 SF of luxury residential space, 854,000 SF of office space, 148,000 SF in hotel space, 54,500 SF in retail space and 47,500 SF in restaurant space.

TAKEAWAY: The Gate when finished will be a testament to IGO’s commitment to deliver property solutions that will become a city landmark for FRISCO.

What does Crest Auto Group & NFM have in common?


Their all owned by Berkshire Hathaway as in Warren Buffett

So what’s the correlation here between the four car dealerships, which are all located on SH 121 Tollway  Crest Nissan , Crest Infiniti, Crest Cadillac and Stonebriar Chevrolet  within four miles of Nebraska Furniture Mart of Texas besides being a part of the Berkshire Hathaway portfolio.

Additionally as a cliff notes sidebar there’s actually one other car dealership besides the FOUR noted above which are all owned by Berkshire Hathaway Automotive under the CREST GROUP umbrella and that’s  Volvo of Dallas.  

Volvo of Dallas is currently located at the same location as Crest Infiniti and Crest Cadillac on Central Expwy right off of Parker in Plano.

But Volvo of Dallas will not be making the move to the new location on SH 121 in Frisco where their Nissan, Infiniti, and Cadillac stores will all be together when the build out of same is completed.

My personal speculation is that Volvo of Dallas will move into the present Crest Cadillac facility/showrooms on Central Expwy in Plano.

And it looks like VOLVO USA is making good strides in bringing the VOLVO brand back when the  brand was the first Scandinavian ‘rough and tumble’ economical automobile that just ran and ran for  VOLVO loyalist.

And you’re probably wondering how FOUR car dealerships fit into Mr Buffet’s Berkshire Hathaway’s group of easily his easily recognized icon businesses such as GEICO, Acme Brick Company, BNSF Burlington Northern Santa Fe Corp , Justin Brands (Justin Boots) which all have their corporate headquarters in North Texas.  

Plus Dairy Queen and Nebraska Furniture Mart have retail outlets in North Texas.

So the answer to the correlation of FOUR car dealerships Berkshire Hathaway Automotive and Nebraska Furniture Mart being all within 5 miles of each other is Berkshire Hathaway is the holding company for all.

Additionally after purchasing Van Tuyl Group and changing its name to Berkshire Hathaway Automotive  in Oct 2014 it has been indicated that the corporate headquarters will be moving from Phoenix to the new mixed-use development in Frisco known as  FRISCO STATION  and Frisco Station’s initial plans include many amenities conducive to a corporate tenant such as Berkshire Automotive Group.

At the time Berkshire Hathaway bought the Van Tuyl Automotive Group  it was doing in excess of $8 Billion in revenue, with 78 independently owned dealerships, 100 franchises in 10 states and currently sells 240,000 plus vehicles a year.   Berkshire Hathaway Automotive markets a total of  29 brands ,which are both domestic and foreign branded car companies, currently selling with a total inventory in NEW VEHICLES, around 31389  units as of this post, per Berkshire Hathaway Automotive web site.

And as noted by Mr Buffet, it makes sense moving the company to Dallas because Berkshire Hathaway owns several other companies based in North Texas such as Burlington Northern Santa Fe Corp, Acme Brick, GEICO, Justin Brands, plus Precision Castparts Corp which Berkshire Hathaway  just purchased this week for a record $32.3 Billion  and is Mr Buffet’s biggest deal/buy in the history of Berkshire Hathaway at this time.

List of Assets (companies) owned by Berkshire Hathaway

TAKEAWAY:

QUESTION: What financial impact does Berkshire Hathaway have on business tax and sales tax of their subsidiary operating companies located in North Texas?
ANSWER: I’d say the State of Texas and all the cities/counties within Texas that are fortunate to have one of Berkshire Hathaway’s businesses on their tax rolls should be more than grateful that the Oracle of Omaha has blessed them with the presence of one of his businesses or companies.

Hall Office Park adds building 16 to its business office park campus


Frisco Hall Office Park Continues to Grow

Hall Office Park110

Schedule to come on stream mid-April 2014 is Hall Office Park’s 16th building, a 200,000 square foot Class AA office building located at 3001 Dallas Pkwy Hall Office Park in Frisco. Developer Craig Hall’s 162 acre office park currently has 2 million square feet of space in 15 buildings, with a 98 percent occupancy rate.  Additionally, the West Plano-Frisco submarket currently has a number of developments underway, including Granite Properties tower and hotel, Conifer Health’s corporate build to suit project and a Trammel Crow two building corporate project.

If you’re not familiar with this area or Hall Office Park I know you’ll find this of interest as it definitely is a Class AA office building complex.  Also for anyone that works or offices in the Hall Office Park complex and would like to live in a golf course community just minutes away,  you have an excellent choice with Stonebriar Country Club.  This club is probably no more than a Tiger Wood driver shot from Hall Office Park.

3 Day House Sale?


3 Day House Sale?

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If you’ve sold or selling your home you probably know what CSS is.

If you don’t – it’s the Centralized Showing System that schedules all your appointments for other agents to show your home.

They track all your appointments and send auto emails to agents that show your property for instant feedback. (if your agent has that feature set up)

You can also send listing announcements about price changes or circumstances to all the agents that have previously shown your property.

Yesterday, I received an announcement for a 3 Day Sale on a Property in Frisco at one of the Stonebriar communities that, Still hasn’t sold…

It’s like a Macy’s 3 Day Sale! No kidding…

We aren’t selling clothes or appliances here, the sale goes like this: $20,000 will be taken off the list price on Friday, Saturday and Sunday – ONLY!

After that the price goes back up, Does that make you want to buy it?

Don’t you think they will take the $20,000 off after Sunday?

YEP! They will.

Better to go ahead and take another cut and leave it, the more inline the price is the better chances of your home selling quicker. Once you give it up you can’t take it back – be curious to see what kind of signage they have for the event. Sellers and agents are getting very creative now, aren’t they?