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Update: The Gate becomes even more palatial


The Gate in Frisco Update 2.23.16

UPDATE 2.23.16: ‘The Gate’ becomes even more palatial per DBJ 2nd Feb 2016

The Gate , CEO  Anas Kozbari recently announced through an interview with DBJ, that IGO has been putting finishing touches on plans for ‘THE GATE’ being developed by his Invest Group Overseas.

‘THE GATE’ is a 41 -acre mixed-use development in Frisco near Cowboys’ new headquarters, aka The Frisco Star, which as we all know is the new home for the Dallas Cowboys’ headquarters. At this time IGO is looking to get underway by the end of third quarter 2016.

NEWS FLASH:

Steve Brown Dallas Morning News 2.10.16 Section D Business Real Estate ‘40.6 acre property planned for high rise project with offices, apartment, retail’ HEADLINE – Frisco’s Gate tract for sale.

2.11.16  DBJ ‘Dubai-based investor puts The Gate’s $1B development plans on the market looking for partners’.  Information in DBJ article states …. ‘The Gate is being offered for sale with different parcels of the master development per Drew Kile of Institutional Property Advisors or ‘At the end of the day we could sell all the parcels making up The Gate or one buyer could come in and buy the entire project.

ABOUT THE TIME I think I’m gonna wrap this up another UPDATE comes across the wire so to speak.  Here’s the latest from  Candace Carlisle of DBJ with her article ‘Developer: $1B THE GATE project in frisco not for sale, now or later’.   That’s direct from IGO CEO Anas Kozbari and his key statement “Without a doubt the project shall be a great success to us and the city”.  To further cement IGO’s commitment to what looks to be a seven to ten year project CEO Kozbari stated IGO is deciding between two hotel flas for the marquee hotel to be located at the northwest corner of John Hickman Parkway and Dallas North Tollway.

Stay tuned for update on bottom line of what is transpiring here!  www.friscohomesandland.comSmith & Smith Realty

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Below text BLOG was posted on www.friscohomesandland.com 12.28.15

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.

About Terry Smith

Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. I have extensive knowledge and experience to help you with your real estate transaction. I am a native Dallasite. Have questions? Ask me.
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