The planned office project would be constructed overlooking the Dallas Cowboy's practice fields in The Star development in Frisco.
The City of Frisco is poised to provide the land for construction of a new corporate office building at the Dallas Cowboys' Star development that's expected to become the new home of Keurig Dr Pepper. Frisco City Council plans to vote Tuesday to contribute the land overlooking the Cowboys' practice field for a 300,000-square-foot or larger building. To entice the move, the city will sell the 2.49-acre site at a reduced cost, according to the council agenda. The land, valued at $2.7 million, will be sold to Dallas Cowboys owner Jerry Jones' Blue Star Land for $597,912. The reduced price is described as a $2.1 million grant to assist the project's development. "City council has investigated and determined that the company meets the criteria for providing the grant," according to the agenda. "The company shall be required to commence construction of the office building on the property on or before August 30, 2019, and complete construction ... within 24 months."
The PGA plans to move from its longtime home in Florida to a newly built campus at the northern edge of Frisco in a deal that could cost more than $500 million, three sources familiar with the project told The Dallas Morning News Friday. The project would include a new 500-room resort by Dallas-based Omni Hotels & Resorts, the new 100,000-square-foot headquarters building, two championship-level golf courses and a 9-hole practice course. It will also include a guarantee that two PGA Championships, two Women's PGA Championships and multiple men's Senior PGA Championships will be played in Frisco, sources said. The PGA land is located "south of US 380, north of Panther Creek Parkway, east of Teel Parkway and west of Preston Road."
NOTES: Median home price is based on Q1 2018. Home price to income is calculated using median home price and median family income. SOURCES: Synergos Technologies, Realtor.com, Moody's Analytics, NOAA, Ed.gov. Illustrations by Martin Laksman. For full Best Places to Live methodology, see money.com/BPLmethodology.
Money is the latest national publication to sing the praises of Frisco, listing the North Texas suburb as No. 1 in its 2018 best places to live report. After compiling data on everything from school graduation rates to median home prices, the fast-growing community north of Dallas beat out 582 other communities -- many of them suburbs -- to claim the top spot. One of the highest grades in the report went to Frisco's education system. "With more than 70 campuses, the Frisco Independent School District has the highest graduation rate of all the cities and towns Money evaluated this year," the report said. Frisco's graduation rate is 98 percent.
It lists Frisco's population as about 179,000, its median family income as $129,118 and its median home price as $349,000. In explaining its methodology, the finance-focused publication looked only at places with populations of 50,000 or greater. "We eliminated any place that had more than double the national crime risk, less than 85 percent of its state's median household income, or a lack of ethnic diversity. This gave us 583 places," Money said."We put the greatest weight on economic health, public school performance, and local amenities. Housing, cost of living, and diversity were also critical components," it said. The methodology information listed online did not say how the study's authors defined "lack of ethnic diversity." Frisco's population is 75 percent white, according to Frisco.com.
Money also lauded Frisco for it public-private partnerships -- particularly the Ford Center at The Star. That athletic facility, built as part of a partnership with schools, the city and the Dallas Cowboys, doubles as a place for school football games and a practice field for the NFL team. The Star also serves as the Cowboys' headquarters.
Frisco, Allen and McKinney routinely show up on "best of" lists. In 2016, career expert website Zippia named Frisco as the most successful city in America.The only other Texas city in Money's top 25 was Flower Mound, which ranked 16th.
Frisco, for the first time in at least five years, topped the U.S. Census bureau's list of fastest-growing big cities in the nation, adding an average of 37 new residents every day for a population jump of 8.2 percent, data released Thursday showed. The booming Dallas suburb also landed in the ninth spot in terms of the raw number of residents it added over the year that ended in July -- an impressive feat for a city that, at 177,286 people, is still relatively small. The 14 largest cities in the country didn't change from the prior year. Which means that Texas surpassed California's share of the top 15 list, with five cities making the cut. California -- which has about 11 million more residents than the Lone Star State overall -- had four.
A new Frisco residential development that's planning more than 3,000 homes and apartments will open its first phase this summer. The 735-acre Grove community, on Main Street west of Custer Road, is being built in partnership with Newland Communities and North America Sekisui House LLC, a Japanese builder. The companies bought the land in 2016. Home will be priced from the $400,000s to the $700,000s. American Legend Homes, Drees Custom Homes, Highland Homes and Southgate Homes are building in The Grove. The community also includes a farmhouse with a café and bakery, a fitness center, pools, 4.5 miles of nature and neighborhood trails, and a dog park. The Grove property is planned to have 1,800 homes and 1,400 apartments, plus retail and office space. Newland is based in San Diego and has more than 140 developments in 13 states completed or under construction. The company has developed portions of the Stonebridge Ranch community in McKinney since 2003.