Fields West Developers Secure $425M Construction Loan for Frisco Mixed-Use Project
Developers behind the massive Fields West project in Frisco, Texas, have secured a $425 million construction loan to begin building the highly anticipated mixed-use development. The financing was provided by a consortium of leading financial institutions including Bank of America, JPMorgan Chase, and Prosperity Bank.
In addition to private funding, the City of Frisco has issued $70 million in municipal bonds to jump-start construction efforts. The Fields West development is a joint venture between The Karahan Companies, Hunt Realty Investments Inc., Chief Partners, and Cross Tie Capital.
Spanning 55 acres, Fields West is set to bring 350,000 square feet of retail, dining, and entertainment space across three buildout phases. Office space will total approximately 325,000 square feet. The development is part of the larger 2,500-acre Fields community, which is already home to high-profile attractions including the PGA of America headquarters and the $520 million Omni PGA Frisco Resort. The area is also preparing for the arrival of the $550 million Universal Kids Resort.
Approximately 70% of the retail space has already been leased, with the initial phase of amenities expected to open in the third quarter of 2027. SHOP Companies is overseeing retail leasing, while CBRE is handling the leasing for the office space.
