JVP’s Office Build Part of $3B Frisco Project The Mix

New York-based JVP Development broke ground on a $3 billion speculative office building in Frisco’s 112-acre The Mix development.

The building at 7725 Lebanon Road will span 110,000 square feet when completed next summer if the given timeline remains on track. The Mix itself is slated to be a decades-long project that will feature dining options, two hotels, a 9-acre park and apartment complexes.

Tim Campbell, The Mix’s head of development, told the Dallas Business Journal that JVP’s office building is a crucial step in building out the rest of the development. An adjacent Whole Foods fixture that spans 100,000 square feet is being built next door, assembly on three acres of the park is underway and construction on 635 apartments is set to finish in 2028.

The new office building is being constructed on the site of the failed-but-ambitious Wade Park development, right in the middle of a stalled dig site for an underground parking garage. The massive crater was dubbed “The Hole on the Toll” by Frisco locals. Wade Park developer Stan Thomas was smacked with financial issues in 2017 and never built out the project.

A blend of amenities, green space and access to other Frisco landmarks like The Star and Frisco Station is expected to have tenants lining up to lease space in the new building. Currently, the new building’s developers have not formally announced any lease signings. JLL executive managing director T.D. Briggs and senior managing director Blake Shipley are heading up the leasing efforts, according to the outlet.

In previous JVP promotion materials for The Mix, the company said the development would be “Texan at heart,” and signed up head of leasing Ed Hogan. Hogan will oversee the development’s efforts to bring in tenants across the complex’s planned full 2 million square feet of office space and 375,000 square feet earmarked for retail.

— Hunter Cooke