Frisco Rotary Club January 15, 2015
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1 Frisco Rotary Club January 15, 2015
2 Stonebriar Centre About the Frisco EDC State Legislature passed ED Corporation Act in 1989 Frisco voters approved ½ cent sales tax for economic development in 1991 Frisco EDC established in 1991 as a Texas non-profit corporation FEDC mission is to improve the economic opportunities and quality of life for all residents.
3 Frisco EDC Organization Frisco Residents Frisco City Council FEDC Board of Directors Jeff Snowden - Chairman Dan Bollner Vice Chairman & Secretary / Treasurer Bryan Dodson Director & Frisco ISD Rep. David Porter - Director David Prince - Director Jaime Ronderos - Director Paul Sheldon - Director FEDC Staff
4 Frisco EDC Staff James Gandy President Dave Quinn Vice President John Bonnot Director of Economic Development Harry Whalen Director of Business Development Stefanie Wagoner Director of Business Retention & Expansion Elise Back Manager of Economic Development Darcy Schroer Director of Marketing Julie Floyd Office Manager Pat Tittle Special Projects Coordinator Veronica Traupman Senior Assistant Gwen Thomason Administrative Assistant Kim Sinclair Senior Accountant Contracts
5 Frisco EDC Program Goals 1. Attract jobs from outside the area 2. Retain and expand local businesses 3. Improve product readiness and competitiveness 4. Enhance Frisco s innovation culture through entrepreneurship
6 Projects Summary FY13/14 (Oct. 1, 2013 Sept. 30, 2014) FY13/14 Quarter Number of Projects Potential Square Feet Potential Capital Investment Existing Co. Potential Retained Jobs Existing Co. Potential New Jobs New Companies Potential Jobs Created Total Potential Jobs Created or Retained Q1 2 84,000 $18,400, Q ,500 $1,110, Q ,200 $47,400, Q ,000 $23,500, Total ,700 $90,410, ,320
7 Year Frisco EDC Five Year Summary Number of Projects Potential Square Feet Potential Capital Investment Potential Direct Jobs Created /Retained ,117 $89,015,000 1, ,191,290 $174,093,000 2, ,973,620 $1,013,151,000 3, ,761 $152,655,550 2, ,442,014 $264,001,500 3,365 Total 122 6,361,802 $1,692,916,050 12,778 5 Year Average: ,272,360 $338,583,210 2,556
8 Frisco EDC Top Job Creation/Retention Projects FY13/14 Project Jobs 1. Gearbox Software Careington International Corporation Forest Park Medical Center Genesis Pure Imagine Communications Quest Resource Management Corp Insight for Living 113
9 Frisco Fast Facts and Stats Land Square Miles: 72 Land Developed: 59.1% Population 2000: 33,714 Population Jan. 2015: 145,500 Growth rate: : 307% Population Build out: 300,000+ FISD Enrollment (08/14): 49,545 FISD Schools: 61 Estimated workforce: 66,400 Residents w/bachelor s degree or higher: 58.7% Avg. Age of Frisco residents: 34 Avg. Household income: $111,690
10 Frisco, Bring Your Dreams 1. The Star in Frisco 2. Frisco Station 3. The Gate 4. Wade Park 5. Frisco Bridges Place 6. Frisco Hyatt House 7. Texas Scottish Rite Hospital 8. Stonebrook Business Park 9. Grand Park 10. Gearbox Software 11. Frisco Commerce Center 12. Hampton Inn & Suites 13. Performance Indoor Training (PIT) 14. Cornerstone Automation Systems 15. Frisco North
11 $1.7 Billion $700 Million One Mile Dallas North Tollway between Warren Pkwy. & Lebanon Road $5.4 Billion Investment that s been announced or already under construction within that mile. $2 Billion $1 Billion
12 Dallas Cowboys World Corporate Headquarters & Training Facility NWC DNT & Warren Parkway
13 Dallas Cowboys World Corporate Headquarters & Training Facility NWC DNT & Warren Parkway 91 - acres mixed-use project 71 - acres Cowboys will develop 1,708,000 SF commercial 2 hotels with 480 rooms total 4,500 potential new jobs at build-out 12,000 seat Multi-purpose indoor stadium Groundbreaking August 22, 2014 Opening Summer 2016
14 Dallas Cowboys HQ Master Plan 91-Acres
15 The Star in Frisco NWC DNT & Warren Parkway
16 The Star in Frisco NWC DNT & Warren Parkway
17 The Star in Frisco NWC DNT & Warren Parkway
18 The Star in Frisco NWC DNT & Warren Parkway
19 The Star in Frisco NWC DNT & Warren Parkway
20 The Star in Frisco NWC DNT & Warren Parkway
21 Dallas Cowboys World Corporate Headquarters & Hotel Omni Hotel & Resorts announced as the development s hotel partner on October 30.
22 Frisco Station NWC DNT & Warren Parkway Land Owner: Rudman Partnership 242 acres Mixed-use project Subject Property Office, retail, restaurant & residential Land use plan being revised with adjacent Dallas Cowboys Project
23 Frisco Station NWC DNT & Warren Parkway Office space: 4 Million SF Retail space: 122,000 SF Restaurants: 75,000 SF Medical offices: 415,000 SF Potential direct jobs: 14,772 Hotel rooms: 250 Single family units: 73 Multi-family units: 2,400
24 Frisco Station NWC DNT & Warren Parkway
25 The Gate NWC DNT & John Hickman Parkway Developer: Invest Group Overseas (IGO) 41 - acres, 2.3M SF development 4, 8-story, 800,000 SF, Class-A office buildings Luxury 90 room, 150,000 SF boutique hotel 2-10 story luxury condos 980 luxury apartment units 100,000 SF restaurants & retail Groundbreaking: 2015
26 The Gate NWC DNT & John Hickman Parkway
27 The Gate NWC DNT & John Hickman Parkway
28 The Gate NWC DNT & John Hickman Parkway
29 The Gate NWC DNT & John Hickman Parkway
30 The Gate NWC DNT & John Hickman Parkway
31 Wade Park SEC DNT & Lebanon Road Developer: Thomas Land Development acre mixed-use project Office: Retail: Hotels: Residential: 6,000,000 SF 500,000 SF rooms 1,300 units Whole Foods, ipic Theatre, Pinstripes, Hotel ZaZa Groundbreaking: August 6, 2014
32 Wade Park SEC DNT & Lebanon Road
33 Wade Park SEC DNT & Lebanon Road
34 Wade Park SEC DNT & Lebanon Road
35 Wade Park SEC DNT & Lebanon Road
36 Hotel ZaZa in Wade Park SEC DNT & Lebanon Road
37 Frisco Bridges Place SEC DNT & Gaylord Parkway Developer: Heady Investments Spec 6-story Class-A office building 170,000 SF Parking garage Groundbreaking: October 8, 2014 Completion: 3 rd Qtr. 2015
38 Frisco Hyatt House NWC Gaylord Pkwy. & Parkwood Blvd. Developer: Newcrestimage 6-Story hotel 132 rooms Groundbreaking: October 3, 2014 Opening: 4 th Qtr. 2015
39 Texas Scottish Rite Hospital NEC DNT & Lebanon Road Developer: Scottish Rite Hospital 40 - acres 100,000 SF ambulatory care ctr Conference center 30 - acres: parks/sports fields Groundbreaking: Spring 2015 Completion: 2016
40 Stonebrook Business Park NWQ DNT & Stonebrook Parkway Developer: Goveia Commercial RE 600,000 SF Class A office space 27,000 SF Retail and restaurants 150 room hotel Conference center Groundbreaking: Summer 2015
41 City of Frisco Frisco Community Dev. Corp. Frisco Economic Dev. Corp acres including acres commercial dev. Phase 1 - $33M for public park & water Phase 1 groundbreaking: 2015 Grand Park SWC DNT & Cotton Gin Road
42 Developers: Wolverine Interests & Encore Office, LLC 5 story Class A office bldg. 155,000 SF Gearbox Software Corporate Headquarters & production studio Groundbreaking: August 20, 2014 Completion: 2015 Tower at Frisco Square SEC Main Street and World Cup Way
43 Frisco Commerce Center NEC All Stars Avenue and John W. Elliott Drive Developer: Crow Holdings Management Contact: Stream Realty 8.1 acre site 137,020 SF office, technical and distribution space 27 dock doors, 2 ramps Under construction Completion: June 2015
44 Hampton Inn & Suites Center City District Developer: Sports Village Hospitality Realty 5-story hotel 103 rooms Located next to Fieldhouse USA Completion: December 2014
45 Performance Indoor Training (PIT) SWC North County Road & Meadow Hill Drive 56,000 SF soccer complex 5 indoor soccer fields 1 outdoor soccer field Outdoor sand soccer pits State-of-the-art indoor training simulator Groundbreaking: September 29, 2014
46 Cornerstone Automation Systems (CASI) Cobb Business Park Developer: CASI 12-acres 160,000 SF office, manufacturing & warehouse Groundbreaking: February 2014 Grand opening: November 12, 2014
47 Frisco North SWC DNT & US 380 Developer: Forest City 330-acres Cinemark Theatre announced June 2013 Retail, office, hotels, restaurants, multi-family and medical Open space & amenities
48 $5 Billion Mile: Warren Parkway to Lebanon Road
49 James L. Gandy, CEcD, CCIM, President Frisco Economic Development Corporation 6801 Gaylord Parkway, Suite 400 Frisco, TX A copy of this presentation can be found at:
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