In years past, Texas Highway 380 was a seldom used, two-lane road that connects Prosper with the neighboring cities of Denton and McKinney. Thanks to a large influx of residents, the population of Prosper has doubled its population in recent years and that has led to an expansion of this once two-lane road into a soon-to-be six-lane road that has investors lining up for a spot along Texas Highway 380.
Among the long list of investors is Dallas Cowboys Owner, Jerry Jones and among the influx of residents is Toyota North American CEO, Jim Lentz. Texas 380 is set to quickly become a major thoroughfare connecting residents of surrounding communities like Windsong Ranch with over $6 Billion dollars of mixed-use developments, and thousands of potential jobs.
The state of Texas continues to be an attractive location for businesses looking to relocate thanks in part to relaxed regulations and a low tax rate. Experts project that the lone star state could add 242,000 new jobs in 2017, which would be an increase from the 193,000 jobs added last year.
In 2014, Toyota North American CEO, Jim Lentz made the announcement that Toyota would be moving its headquarters from Torrance, California to Plano, Texas. The main driver of Toyota’s move from California was low taxes, a relaxed regulatory environment, and a booming Real Estate market.
As of January 2017, around 100 employees are arriving each month and over time the relocation of Toyota’s North American headquarters is projected to bring in more than 3,000 jobs to Plano.
In a recent interview Dave Quinn, Vice President of Frisco Economic Development Corporation explained that, “When you have someone like a Toyota make the decision to move to North Dallas, obviously others look around and say, ‘Why did they do that?’ They start to follow that move because they know Toyota wouldn’t have done it if it wasn’t a great location and if there wasn’t some importance to do in that.”
Plano, Texas is not the only city in the Northern Dallas area that is becoming an increasingly attractive location for businesses and residents alike. Frisco, Texas is rapidly transforming into one of the most dynamic development concentrations in America with more than $6 billion dollars in investments, either announced or under construction, within a one-mile stretch of road along the Dallas North Tollway which connects to Highway 380
[It] is actually four different mixed-use projects,” he explained. “As far as we know, there’s not another area in the country where you have that type of diverse investment happening in such a small area.” Says, Quinn
The four projects, which account for the $6 Billion in investments, are headlined by The Star at Frisco, a 91-acre mixed-use development spearheaded by the Dallas Cowboys who will manage 71 acres of the development, with the remaining acreage belonging to a public-private partnership between the Cowboys, the City of Frisco and the Frisco Independent School District. This public-private partnership will give Frisco ISD with a much needed third sports stadium.
The second project, Frisco Station, will provide 6 million square feet of office space, 990,000 square feet of medical office, 200,000 square feet of retail and 75,000 square feet of restaurants. While, The Gate will include two 10-story luxury condo buildings, a boutique hotel, restaurant space and four office buildings. Wade Park is the largest of the four developments and will include Whole Foods, iPic Theatre, Pinstripes, and Hotel Zaza.
With so many companies deciding to invest in the future of Prosper and the Northern Dallas area, there has never been a better time to follow suit and invest not only in one of the most rapidly growing areas in the United States but in your family’s future. Plan on visiting Windsong Ranch during one of our public events and experience a community where life is extraordinary…every day.