Taylor Morrison’s Frisco ‘mini city’ gets $73M addition

Columbus Realty plans a 257-unit apartment complex for the development, which includes office and retail

Taylor Morrison’s planned $10 billion Fields project has a new multifamily component.

The massive mixed-use development was first announced by the Arizona-based homebuilder in July of 2021.

“We are not building a project — we are building a city,” developer Fehmi Karahan told the Dallas Morning News at the time of the announcement. “We will have at least 30,000 people living and working here.”

Long term plans call for 500 single-family homes on a 2,500-acre tract along the Dallas North Tollway. The development surrounds the PGA of America’s new headquarters and two golf courses. Homes are expected to cost between $500,000 and $1 million.

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North Texas-based apartment builder Columbus Realty plans to break ground in March on a 257-unit rental community within the Fields development. North Fields, the 75-acre, $73 million multifamily project, would open in late 2024, according to plans for the project filed with the state. North Fields is planned to include office and retail as well.

Not every Frisco project has been so lucky. The $2 billion, 112-acre Wade Park development in Jerry Jones’ $5 Billion Mile has been in developer purgatory since 2017 when it was first announced. A New York firm recently tried to reboot it under the name ‘Project X,’ but there’s been no update since.

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— Maddy Sperling