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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.

Maybe Grandscape should have its own zip code!


And Grandscape has 5 kissing cousins 

So maybe you don’t know what or where GRANDSCAPE is? 
Well it’s the crown jewel for The Colony and the center piece is Nebraska Furniture Mart of Texas

And you know the old adage ‘kissing cousins’ well we have FIVE (5) of those cousins here sharing in the spoils so to speak.

Those cousins are The Colony, Carrollton, Lewisville, Frisco and Plano. Also you have nearby cousins in the likes of Little Elm, Flower Mound, Prosper, North Dallas, Allen, McKinney who are close enough to the original five cousins that they’ll indirectly get one of those old fashion cheek smooches spill over kisses for just being close enough to benefit for being close to GRANDSCAPE.

One of he original press releases for NFM Texas and Grandscape was that after everything was up and running/built out…. 8,000,000 visitors a year would be coming through that TWO (2) mile stretch of SH 121 between Josey Lane in The Colony and Spring Creek Pkwy in Plano. WOW maybe NTTA should set up a special discount fee toll of $.50 per car in that two mile stretch…..what a revenue kitty that would be and help support the NTTA infrastructure overall.

Now to the side benefit that GRANDSCAPE and NFM Texas is bringing to Zip Code 88888 (that’s the zip code number I would assign to GRANDSCAPE if it were to have it’s own Zip Code) is all the restaurant, entertainment and hotel businesses that will be established here over the next 5 to 10 year build out.

In fact a new comer to the area Lava Cantina out of Baton Rogue, La will be bringing their 1,800 – capacity restaurant concert venue next year to The Colony.

TAKEAWAY: Things just seem to be getting better and better in our little slice of the world known as The Colony, TX! As Bob Barker used to say ‘Come On Down’ and that includes GE Corp and Jeffrey Immelt who is looking for a new corporate headquarters location. I bet Berkshire Hathaway would love to have GE Corp in their Grandscape portfolio of viable businesses who know NORTH TEXAS is the place to be!

Toyota stadium name deal with FC Dallas team


FC Stadium is Now: Toyota Stadium and Toyota Soccer Center

Frisco Toyota Stadium & Soccer Center

Formerly known as FC Dallas Stadium is now Toyota Stadium and Toyota Soccer Center.  Earlier this month TOYOTA signed on with FC Dallas for the naming rights to the stadium formerly known as FC Dallas Stadium.  This is  the third stadium sponsorship Toyota has entered.  Toyota plans to be involved long term and will be the exclusive automotive sponsor for the FC league as Volkswagen serves as the sponsor for Major League Soccer.

Toyota was drawn  to Frisco’s growing population and demographics, which is one of the Top 10 fastest growing cities in America.  FC Dallas indicated besides the Toyota Stadium signage, the stadium will name the northeast plaza terrace box after Toyota.  Toyota Stadium has seating for 20,500 people and 17 tournament fields occupying 45 acres.

This facility is awesome!  If you haven’t been to an event put it on your MUST DO list.   If you want to live in Frisco and you’re looking for condos & townhomes around Toyota Stadium, try this custom Frisco MLS link for all active listings.

Friday’s Fountain


Relax! It’s Friday…

Frisco Fountain

All over the metro area we have our fountains – we don’t have oceans to look at or many lake views in the general area but we have tons of fountains.  Photo above is in Frisco at the Creeks at Stonebriar, right across the street from the country club.  Enjoy the weekend, stay cooler and get the kids ready for school. Open house link has been updated above.

America’s Fastest Growing Suburbs – Frisco in Top Ten


Congratulations North Texas!

Dr. Pepper Minor League Ballpark – Frisco

frisco1

On the Forbes top 100 fastest growing suburbs, there were 11 N. Texas cities that made the list.

Frisco came in at Number 7 and Wylie Number 8. These two cities are considered close in to Dallas.

Frisco is just north of Plano and is a very vibrant and well planned city, excellent schools – Minor League Ballpark, Stars hockey center, Stonebriar Mall, Stonebriar Golf Course, Country Club and New Homes …yes plenty of new homes.

The only thing that Frisco needs to complete are its roads and highways to support it’s growth – until then you will have to cope with traffic. Here are growth figures for Frisco for the last 6 years:

2000 – 35299
2006 – 80,499

=128% growth in population

As you see the growth has been explosive – and there is still plenty of room to grow – Frisco around highway 121 is only about 30 miles North of Dallas.