Frisco | July 2023

DEVELOPMENT

Hall Park’s $500 million buildings progressing toward completion

BY ALEX REECE

and leased out from 1997-2017. Two of those buildings were demolished in 2020 to make room for the incoming projects laid out in Hall Park’s master plan, which was announced in 2018. • Construction on Phase 1 of the $7 billion redeveloped oce park, the three towers toured by council members May 31, began in October 2021. • Updated plans and a name reveal were announced for Kaleidoscope Park in November 2022. • The three towers celebrated topping out, a commemoration of installing the last beams in a building’s roof, in December. Going forward Construction on the residential tower is slated to nish in the fall while the other two towers are sched- uled to be completed in 2024.

Some Frisco City Council members saw Hall Park’s progress in person during a May 21 hard hat tour of three soon-to-be-completed buildings. The three buildings include a Class AAA oce tower, a 193-room hotel and a 19-story residential tower encompassing 30 corporate resi- dential suites and a food hall. Those towers will surround the incoming Kaleidoscope Park and are valued at $500 million altogether. The projects represent the rst phase of a larger $7 billion, 20-year master plan to redevelop the oce park. How we got here The land where Hall Park now stands was rst purchased by Hall Group chair and founder Craig Hall in the late 1980s. • 17 Hall Park buildings were built

This rst phase of redevelopment is part of a 20-year master plan, according to Hall Park’s website. (Photos by Alex Reece/Community Impact)

A SNEAK PEAK Kaleidoscope Park, located within Hall Park, is set to open in summer 2024, per the development’s website. Once open, the park is expected to feature:

performance pavilion

children’s play area

Developers displayed a model of the Hall Park and Kaleidoscope Park spaces.

dog park

gardens

water features

public art

DNT TOLL

WARREN PKWY.

Wi-Fi-equipped technology terraces

KALEIDOSCOPE PARK

SOURCE: HALL PARKCOMMUNITY IMPACT

View Our Inventory

A TUITION-FREE CHARTER SCHOOL FOR K-12 STUDENTS IN FRISCO AND SURROUNDING COMMUNITIES WWW.LPSFRISCO.COM Introducing a 4 day instructional week!

The Ultimate Savings Event only applies for the purchase of an inventory home from Coventry Homes in the Greater Dallas Fort-Worth Metropolitan Area, with an original purchase date of June 9, 2023 through July 31, 2023. *For the $0 Closing Cost Promotion, Seller will pay up to $20,000 (amount varies by community) toward normal closing costs, including normal pre-paid closing costs held in escrow by the title company not to exceed the maximum Seller contribution limits allowed by Lender. This promotion does not apply toward Buyer’s down payment or Build On Your Lot purchases. Offer available only to qualified purchasers financing through Seller’s preferred Lender (FC Lending, CMC Home Lending or Jet Home Loans only) and closing through Seller’s Affiliated Title Company (Millennium Title of Texas, LC.). **Promotional “Buy-Down” rate is available to new qualified purchasers financing through Seller’s preferred Lender (Jet Home Loans only) and closing through Seller’s Affiliated Title Company (Millennium Title of Texas) and applies to the first two years only. Buyer must have purchased between June 9, 2023 and July 31, 2023 to participate and is not available to existing buyers that have already purchased. Funds are limited and may not be available at time of Loan Application. Buyer can choose the “$0 Closing Cost” or the “Promotional Rate Buy-Down” promotion, but not both. All loans are subject to credit and property approval. Programs, rates, program terms and conditions subject to change without notice. Other restrictions and limitations apply. Cambridge Crossing | Edgestone at Legacy | Mustang Lakes | Painted Tree | Sandbrock Ranch | Star Trail | Union Park | Wildridge | Windsong Ranch New Homes from the Mid $300s - $1 Million + CoventryHomes.com ULTIMATE SAVINGS EVENT Only for a Limited Time! $0 CLOSING COSTS OR INTEREST RATE LOCK when you purchase a home from Coventry Homes June 9 - July 31, 2023.*

COMMUNITYIMPACT.COM