**Fields West Developers Secure $425M Construction Loan for Frisco Project**
Developers behind the Fields West mixed-use development in Frisco, Texas, have obtained a $425 million construction loan to help finance the ambitious project. The financing package was secured from Bank of America, JPMorgan Chase, and Prosperity Bank. In addition, the City of Frisco recently issued $70 million in municipal bonds to support construction efforts.
Fields West is a collaborative development led by The Karahan Companies, Hunt Realty Investments Inc., Chief Partners, and Cross Tie Capital. The 55-acre project is part of the larger 2,500-acre Fields community, which is already home to major destinations such as the PGA of America headquarters and the $520 million Omni PGA Frisco Resort. The area is also set to welcome the $550 million Universal Kids Resort in the near future.
At full build-out, Fields West will offer 350,000 square feet of shopping, dining, and entertainment space, along with 325,000 square feet of office space spread over three phases. Approximately 70% of the retail space has already been leased, with amenities projected to open in the third quarter of 2027.
Retail leasing for the project is being led by SHOP Companies, while CBRE is handling the leasing of office space.
