**Fields West Developers Secure $425 Million Construction Loan**
Financing for the highly anticipated Fields West mixed-use development in Frisco, Texas, has been secured through a $425 million construction loan backed by Bank of America, JPMorgan Chase, and Prosperity Bank. In addition, the City of Frisco issued $70 million in municipal bonds late last month to support the commencement of construction.
The Fields West project is a joint venture between The Karahan Companies, Hunt Realty Investments Inc., Chief Partners, and Cross Tie Capital. At full buildout, the 55-acre development is expected to comprise 350,000 square feet of retail, dining, and entertainment space across three phases, as well as 325,000 square feet of office space.
This development is part of the larger 2,500-acre Fields community, already home to the PGA of America headquarters and the $520 million Omni PGA Frisco Resort. A $550 million Universal Kids Resort is also currently under development within the master-planned community.
With 70% of the retail space already leased, Fields West is targeting a grand opening for its first set of amenities in the third quarter of 2027. SHOP Companies is overseeing the retail leasing, while CBRE is managing office leasing.
