The project, called The Railhead, sits on 80 acres off of Dallas North Tollway, bordered by Eldorado Parkway on the north and Main Street on the south. It will include office buildings, retail, restaurants, hotels and apartments, according to an email from Heady Investments.
Heady Investments is partnering with landowner Jim Newman, a fifth-generation Frisconian, on the project.
“I have spent the last five years preparing a vision for this property as a key destination that will be central to Frisco’s future story,” Newman said at the groundbreaking. “This project was carefully designed with a focus on connectivity and natural spaces.”
The Railhead is planned to be 24% green space, including a 4.7-acre “passive park” at the rear of the development, an email from Heady Investments stated. The project will also construct additional roadways connecting Legacy Drive to the tollway.
The first phase of the project is a 450-unit apartment complex built by JPI, the email said. Future plans include five high-rise offices and 1,280 additional apartments with 13,000 square feet of amenity space.
Newman said The Railhead was the result of a “special city staff.” At the groundbreaking, he thanked City Manager George Purefoy, Deputy City Manager Ron Patterson and Development Services Director John Lettellier, among others.
“I am proud to see this vision become a reality today, and I know this city is ready to have another billion-dollar development on the tollway,” Newman said.
