North Dallas Bank and Trust Buys Site at the Fields in Frisco
North Dallas Bank and Trust has made its mark in Frisco with a major development.
Dallas Morning News reported that the bank bought about 4 acres of the Fields. The Fields is a mixed-use development with 2,500 acres and a budget of $10 billion. It will include multimillion-dollar homes, office towers, retail, industrial, and multifamily facilities.
The site lies west of Dallas North Tollway in the vicinity of a number other notable developments. The Fields, a development that stretches between Preston Road and U.S. Highway 380 on the east, is being developed jointly by Hunt Realty & Karahan Companies. The land was acquired by the firms in 2018 from Bert Fields’ estate, who died in 2015. Bert Fields was the largest shareholder of North Dallas Bank and Trust.
“They will build a nice building to accommodate a branch plus additional office space,” Karahan CEO Fehmi Karahan told the outlet. “They will also create a park on a portion of their property and honor their founder, Bert Fields, and appropriately name it Fields Legacy.”
The acquisition puts North Dallas Bank “at the heart of the most dynamic multi-use urban community developed in the North Texas market in more than a generation,” bank president Larry Miller said.
Since 2018, the Fields project has caused a domino effect, bringing a multitude of developers into Frisco. These developers have invested billions in various projects.
Hall Group, the developer behind a $7 billion complex known as Hall Park that includes a $500-million luxury hotel, 19-story apartment building, and 16-story office tower, is in charge of this project. The Star in Frisco is a $1.5 Billion mixed-use development that houses the Dallas Cowboys’ World Headquarters.
—Quinn Donoghue
