North Texas Chapter of CCIM Hosts Luncheon on Frisco’s $5 Billion Mile
Dallas, TX — March 9, 2015 – March 19, 2015, will be the next opportunity to attend the monthly luncheon hosted by the professional commercial real estate organization, The North Texas Chapter of CCIM, Commercial Real Estate’s Global Standard for Professional Achievement. CCIM is an institute that offers commercial real estate practitioners the opportunity to elevate their business practices through focused education and networking. With monthly luncheons, the North Texas CCIM Chapter has the opportunity to implement these practices and help members who are certified commercial investment managers make those connections.
The most recent luncheon, held on February 19 at the Park Cities Club in Dallas, Texas, featured a presentation from Jim Gandy, CCIM, CEcD and president of the Frisco Economic Development Corporation (Frisco EDC). The honorary guest speaker gave insight on Frisco’s $5 Billion Mile and its impact on the greater north Dallas area. The $5 Billion Mile represents at least $5.4 Billion in capital investment, either under construction or announced along the one mile stretch of the Dallas North Tollway from Warren Parkway north to Lebanon Road. Four individual mixed-use projects will, or are proposed to, be located within this dynamic mile including: Frisco Station, The Gate, Wade Park and The Star in Frisco. The Star in Frisco will be home to the Dallas Cowboys’ World Corporate Headquarters and an indoor publically-owned multi-use event center that will also serve as the NFL team’s training facility.
The four, individual mixed-use developments together represent a total of 549 acres and more than 13.4 million square feet of proposed development that will feature commercial office, retail, restaurant, and hotel space among other uses. The four developments could potentially add 40,000 new jobs to the area.
“The robust, mixed-use development happening in Frisco and the greater North Dallas area is changing the commercial real estate industry by helping meet the growing demand for the ‘walkability’ lifestyle. Many of the current and future workforce want the option of getting from home to a job, shopping and entertainment on foot.,” said Gandy. “CCIM and its North Texas Chapter are excellent sources for relevant industry information. The organization gives members the tools and education to understand all perspectives of development projects and how to analyze them as a whole. My CCIM training makes me a more effective economic developer.”
Jim also discussed the appeal of Frisco and the North Dallas area to real estate investors and the consistent fast-paced growth. The city’s population experienced 307 percent growth from 2000 – 2014. “Jim Gandy has been a guest speaker for our CCIM luncheons previously,” said Joe Garnett, president of the North Texas CCIM chapter. “He is one of our most anticipated speakers every year, and we are always honored to have him.”
For more information on Frisco’s $5 Billion Mile, please visit: http://www.friscoedc.com/5BMile.
The next CCIM Luncheon will be March 19, 2015. For more information about joining The North Texas Chapter of CCIM, please visit: http://chapters.ccim.com/northtexas.