A new 112-acre mixed-experience community called The Mix will center around a 9-acre park space in the area of Frisco previously known as Wade Park.

Developers unveiled the plans and name of the $3 billion project on Nov, 30. The first phase of The Mix, which will be located at Dallas Parkway and Lebanon Road in the area described as the North Platinum Corridor in Frisco, will break ground in December, according to a news release. The project will encompass 28 of the northernmost acres along Lebanon Road and is slated for completion in 2026.

“Our vision for The Mix is to create a community that embraces the diversity of Frisco,” Tim Campbell, head of The Mix development, said in the release. “At The Mix, you’ll enjoy and interact with a mosaic of thoughtful architecture and vibrant green open space. We want every view to be a beautiful one.”

The park will be designed by OJB, the landscape firm behind Klyde Warren Park in Dallas, and will feature an event lawn, a performance pavilion, playgrounds, promenades and a pond, Campbell said. Overall The Mix will have a total of 20 acres of green open space to create a walkable community, he said.

Frisco Mayor Jeff Cheney said the revised property plans improved upon the original vision, specifically with the central park that falls in line with the city’s development standards.

“Wade Park is certainly one of the developments [where] we get the most questions asked from our community,” Cheney said. “There were big aspirations for that piece of property and a big vision kind of sold to the public.”

Once completed, Cheney expects the development will be world-class among mixed-experience communities.

“We’re certainly excited as city leaders to see that project moving forward,” Cheney said.

The Mix is planned to have approximately 2 million square feet of office space; 375,000 square feet of retail, including a grocery store; a business hotel and a boutique hotel; and 3 million square feet of residential, according to the release. StreetLights Residential, a Dallas-based, design-focused multifamily and mixed-use developer, is partnering on the residential aspect of the project.

“We’re designing not only to optimize how residents will experience The Mix, but also to ensure the entire Frisco community will enjoy The Mix for its high-quality shopping, urban green spaces, and the promotion of health and wellness as a Fitwel community,” StreetLights Vice President of Development Greg Coutant said in the release.

Last fall, plans were shared from developer JVP Management and architecture firm Torti Gallas + Partners for Project X, the placeholder name for the proposed development to replace the failed Wade Park project. While no start date was shared, there was speculation the new project could begin by 2023.

Wade Park would have encompassed more than 175 acres of land off the tollway. The project was stalled by the bankruptcy of the former developer, Thomas Land & Development, and liens of more than $23 million. Relics of the project include incomplete building shells and the hole that was dug out for an underground parking garage.

In October, the Frisco Planning and Zoning Commission approved a conveyance plat that lists several buildings for retail, residential and restaurant uses on the 112 acres at the site off the tollway. A conveyance plat is a record of property approved by the city for the purpose of sale or conveyance in its entirety, according to Frisco’s conveyance plat checklist.

Torti Gallas + Partners have been listed as partners for The Mix, as well as CallisonRTKL, as the master plan architects. Kimley-Horn is partnering with the project for planning and design engineering, The Retail Connection will partner on the retail elements and JLL will partner for the office and medical space, according to the release. More information about The Mix is available at www.themixfrisco.com.