A new $700 million mixed-use project is brewing off the Dallas North Tollway.

Dubai-based Invest Group Overseas has announced the 41-acre luxury development on the northwest corner of the Dallas North Tollway and the future John Hickman Parkway, according to a press release by the group.

The Gate will include more than 2.3 million square feet of construction including high-rise condominiums, a boutique hotel, Class A office space and destination retail and dining experiences.

"True to its name, The Gate is conceived to be a gateway to the bustling corridor along the Dallas North Tollway in Frisco," Dr. Anaz Kozbari, CEO of IGO said in the press release. "The development will offer a refreshing take on the live, work, play environment in one of America's fastest-growing cities. When completed, it is poised to be a hub of opportunity for the businesses and residents who will make The Gate their address of choice."

Construction on The Gate could begin as early as spring 2015, with summer 2019 as the target date for build-out of the development.