Frisco is Growing Fast!
Many cities are growing in popularity all over the country, but did you know that Frisco has grown faster than any other U.S. city in the last decade? Along with this population growth has also been an incredible amount of job growth. Population growth always brings about improvement in all the other facets of life. Let's take a look at what is continuing to grow in Frisco these days.
Frisco Real Estate
I am sure you already guessed it but real estate in Frisco is a hot commodity. This area is enticing for developers, builders, and investors.
The area of Fields and Fields West is seeing a lot of development. The residential side is seeing 9 different neighborhoods come to fruition while the west side will include a lot of retail, restaurants, venues, and hotel space. The most notable here is a Ritz Carlton along with an apartment building. The Fields partnership is working closely to accommodate the infrastructure that will be impacted by the increase in traffic. The home construction portion of all of this will hopefully begin by the end of this year. This massive area is said to be able to accommodate 5,000 homes.
Taylor Morrison Homes is set to be building around 500 single-family homes and these are expected to be done by October of this year. They certainly won't be the only builder looking at the opportunity in this area. Many builders are working on getting their contracts for this land in place.
The different areas within will represent a variety of home types as well as offer different price ranges to accommodate as many homeowners as possible. One specific spot is the Preserve Village, which is set on two PGA golf courses, and will feature multimillion-dollar homes that may be custom designed. This will be the only gated community in the Fields.
A specific design you will see in the area is multi-use. Residents will not need to drive very far to have all of the amenities and features they want in a neighborhood. There will be restaurants and high-end shops and hotels. Allowing for mix-use developments will also attract larger companies and bring about more job opportunities.
Within this development, the area will also be student housing for the University of North Texas Frisco. In addition, there will be manmade lakes and hiking and biking trails for all outdoor adventures.
Frisco is attractive to developers because it is continuously chosen as the best city to live in. It is also one of the safest cities in the country with some of the best schools. It truly is the most attractive place for families. The city staff is welcoming and easy to work with as developers approach moving into the area. It seems as though everyone is in favor of continuing to grow and improve upon the already wonderful Frisco, TX.
If you are considering making Frisco, TX your home, now is the time. For more information on buying or selling property in Frisco, contact us. We would love to assist you with all of your real estate needs in this ever-growing area.
NTREIS data last updated February 21, 2024.