Real Estate News in Dallas-Fort Worth
Fields West, an $800 million development in Frisco that has been under construction since last year, recently went vertical, developer Fehmi Karahan told The Dallas Morning News. The development is a significant milestone in the growth of the Dallas-Fort Worth area, and it is expected to bring new opportunities for businesses and residents alike.
Structures rising include 360,000 square feet of shopping, dining and entertainment, as well as 350,000 square feet of Class A office space. This mixed-use development will provide a unique and vibrant community for people to live, work, and play. Columbus Realty Partners is developing 1,150 apartments above the restaurant and retail space, which will offer stunning views of the surrounding area.
“We are all very excited to see structures coming off the ground at Fields West. It’s an incredible milestone in this massive one-of-a-kind development,” Karahan said in a statement. The news comes after 10 tenants signed leases at Fields West, including Crate & Barrel, Culinary Dropout, Design Within Reach, Face Foundrie, Gorjana, Landry Kate, North Italia, Maman, TravisMathew, and U Med Spa.
Leasing and Construction Updates
Fields West is 70% pre-leased, with SHOP Companies leading the leasing efforts. Earlier this year, Fields West closed on a $425 million construction loan, and planned openings are scheduled for 2027 and 2028. The development is being led by Karahan Cos. and Hunt Realty, and it is part of the larger $10 billion, 2,500-acre Fields development in North Frisco off the Dallas North Tollway.
Plano’s Haggard Farm Progresses
Dallas developer Stillwater Capital, the Haggard Family, and hospitality operator WoodHouse are progressing with their Haggard Farms project. The group held a public groundbreaking ceremony, marking the beginning of a new era for the historic farm. Phase one of the project will include 100,000 square feet of retail, 350 apartments, 188 townhome units, trails, and acres of park improvements.
The Haggard family was one of Collin County’s earliest major landowners, buying properties starting in the mid-1800s. They used the land for farming and ranching, and at one time, the Haggards owned thousands of acres between U.S. Highway 75 and the current tollway corridor. The mixed-use project received initial approvals from the city in 2021, and foundational work is expected to finish in late spring 2026.
The Quad Lands $228 Million Refi Loan
The Quad, a relatively new Uptown Dallas office building, secured a $228 million refinancing loan, according to county records. JLL Capital Markets represented owner Stream Realty Partners, and JLL placed the five-year, senior loan with accounts managed by global investment firm KKR. The Quad is at 2699 and 2681 Howell St. and 2828 Routh St in Dallas, and tenants include Revantage, Chicago Title, M Financial, and Berkshire Residential.
Law Firm Lands at Harwood No. 4
Global law firm K&L Gates LLP has new office digs in the Harwood District. The firm is occupying an entire floor — nearly 23,000 square feet — at Harwood No. 4 at 2828 N. Harwood St. The firm will consolidate its Fort Worth office into the new Dallas location, which marks an exciting chapter for K&L Gates in Texas.
“Our move to new office space in Dallas marks an exciting chapter for K&L Gates in Texas,” Beth Petronio, managing partner of the Dallas office, said in a statement. Harwood No. 4 was previously owned by Dallas developer Harwood International, but it was sold to Spear Street Capital in April after the Dallas developer defaulted. The San Francisco-based firm has plans for multimillion-dollar upgrades at the property.
Several economists considered it a blip after several weeks of strong claims figures.
Facilities in Irving and Richardson are shutting down.
In the Dallas Regional Chamber’s State of the Region address, six mayors spoke on what’s behind D-FW’s booming growth.
Conclusion
The real estate market in Dallas-Fort Worth is experiencing significant growth, with new developments and projects underway. From the $800 million Fields West development in Frisco to the Haggard Farms project in Plano, there are many exciting opportunities for businesses and residents in the area. With a strong economy and a growing population, the Dallas-Fort Worth area is an attractive place to live, work, and invest.
Frequently Asked Questions
Q: What is Fields West, and what does it offer?
A: Fields West is an $800 million development in Frisco that offers 360,000 square feet of shopping, dining, and entertainment, as well as 350,000 square feet of Class A office space and 1,150 apartments.
Q: What is the Haggard Farms project, and what does it entail?
A: The Haggard Farms project is a mixed-use development in Plano that includes 100,000 square feet of retail, 350 apartments, 188 townhome units, trails, and acres of park improvements.
