City of Frisco approves development agreement for 45-acre office campus

During a July 5 meeting, the Frisco City Council passed a master development agreement for an office park called SouthStone Yards that will offer 1.1 million square feet of space across four buildings.

The agreement between the city of Frisco, the Frisco Economic Development Corp., the Frisco Community Development Corp. and Crow Holdings will allow Crow Holdings Office to construct four Class A office buildings and accompanying parking structures at the northeast corner of SH 121 and Spring Creek Parkway.

“This project will bring much-needed office space to help our very full pipeline of prospects,” said Gloria Salinas, vice president of the Frisco Economic Development Corp., during the meeting.

SouthStone Yards will be completed in four phases. Phases 1 and 3 will each feature a 230,000-square-foot, seven-story office building with an accompanying parking structure. Phases 2 and 4 will each feature a 325,000-square-foot, 10-story office building with an accompanying parking structure.

Salinas also said the Frisco Economic Development Corp. is assisting Crow Holdings in pitching to tenants for the large building and shared the demand the EDC is seeing.

“Today, we are averaging about 2 million square feet for relocated and expansion office projects in the city,” Salinas said.

The four office buildings and four parking structures will span across the 45-acre site. The first building is slated to open in December 2024, and the project will conclude with the opening of Building 4 in December 2030.