Forest City Announces Initial Agreement for 320-Acre, Mixed-Use Project in Frisco, Texas

Forest City Enterprises, Inc. FCEA today announced the creation of a public/private partnership with the City of Frisco, located in the North Dallas market, for the long-term development of a 320-acre, mixed-use project known as Frisco North. The company, through its Forest City Commercial Development subsidiary, has entered into a Memorandum of Understanding with the city and the Frisco Community Development Corporation for the project, which is expected to include retail, residential, office, entertainment and hospitality components, as well as open space, public parks and municipal uses. Forest City is partnering on the development with Ernest Mahard, Jr., the land owner.