Buildings for The Patios at the Rail, the 40,500-square-foot development bringing rooftop patios, retail and restaurants to Main Street, will be completed by the end of March, Nack Development President and owner Donny Churchman said.
The Patios’ tenants will likely be open for business around April, he said.
“We’ve got to be at least 80% leased out,” Churchman said.
A few upcoming tenants at The Patios include Makers Gym, a coworking, film and photography business and La Finca Coffee & Bakery, a coffee roaster, cafe and bakery.
In early January, foundation went down for the Nack Theater, the future home of the North Texas Performing Arts Frisco Youth Theater.
The project was set to open for the group’s first performance in March. However, Churchman said the theater will likely not be completed in time.
Nack Theater is slated to be ready in mid-March, he said.
The eight luxury brownstones at The Tower at the Rail should be ready March 15, Churchman said. Residents at The Tower, which will be located on Seventh Street, are also expected to move in around March 15.
Nack Development’s project originally called The Calaboose is now named The Ritchey Gin, Churchman said.
The project, located on First Street, not only has a name change, but it will now offer 135,000 square feet of office space and two restaurants instead of townhomes and a smaller amount of office space.
“Our goal is to start construction on that this summer,” Churchman said.
The Ritchey Gin is projected to be completed in fall 2021.
Nack Development purchased the Innovative Images building on Main Street in May to develop a restaurant with a rooftop terrace. Churchman said a vendor has been chosen for The Terrace project, but the name still cannot be announced.
The Terrace is expected to be completed in the late third quarter of this year, he said.
Churchman and Nack Development have a couple new projects up their sleeves for The Rail District in 2020.
In May, Nack Development purchased the Ford building on Fifth and Main streets along with the empty lot next to it. Churchman said a remodel is in the works for this building.
“We have development plans for that lot as well that we’ll be processing here over the next six months,” Churchman said.
He said Nack Development is expecting to close on another property on South County Road directly across from The Patios by the end of January.