Construction has begun, with the opening planned to be phased starting in mid-2027 into 2028. Fields West is set to include 350,000 square feet of retail space and 325,000 square feet of Class A office space. Fields West is currently 70% pre-leased, according to the July 9 news release.
The details
The project is a 55-acre urban village in the broader Fields development, a 2,500-acre master-planned community.
Construction is being financed by Bank of America, JP Morgan Chase and Prosperity Bank, according to the release. The city of Frisco also successfully executed the sale of $70 million municipal bonds on June 27 as part of its participation in the Fields West project.
The project is led by developer Fehmi Karahan, president and CEO of Karahan Companies.
“Great project visions cannot come together without great partners and lenders who believe and trust you,” Karahan said in the release. “Closing on a construction loan this size demonstrates that kind of trust in our incredible development. I can’t wait to see buildings coming off the ground early this fall.”
