In that time, he’s become even more bullish on North Texas.
“A high dignitary here in Texas told me there were only two places on fire when it comes to real estate development: Dubai and Frisco,” Kozbari said, in a video showcased at last week’s Dallas Business Journal‘s Corridors of Opportunity event, which focused on Frisco’s $5 Billion Mile.
“He was on the right track and he was right on the dollar,” he added. “We are very much proud to be part of this.”
In January, we looked at those projects in detail in a cover story on ‘How the ‘$5 billion mile’ will transform Frisco.’ The $5 Billion Mile refers to $5.4 billion of proposed development to reshape 549 acres of land adjacent to a mile stretch of roadway on the Dallas North Tollway.
Kozbari’s project is one of four commercial real estate projects that make up the $5 billion mile. Here are the others:
- The Star in Frisco is anchored by the Dallas Cowboys headquarters and practice facility and includes an Omni-branded hotel, as well as scores of other commercial development. The project is expected to cost more than $1 billion.
- Wade Park is underway to bring four hotels, thousands of square feet of office space, retail space and residential homes to the 175-acre project. The development is expected to cost up to $2 billion.
- Frisco Station has decided to go speculative on its first office building on the 242-acre mixed-use development site, which will include a hotel, medical facilities, apartments and millions of square feet of office space. The project is expected to cost $1.7 billion.
Since last week’s event, the city has posted Kozbari’s thoughts on Frisco and his project on YouTube. In case you missed it, we embedded the video below.