HALL Park gets go-ahead to add thousands of residential units

Accex Capital > Industry News > HALL Park gets go-ahead to add thousands of residential units

A unanimous vote from Frisco City Council gave HALL Park the green light to transform from an office park into a mixed-use development. The Council voted Tuesday to approve more than 2,000 residential units and increased the height of the building to 25 floors in the 162-acre park west of North Dallas Tollway. While the proposal sailed through the Frisco Planning Commission and the City Council, many residents in the neighborhoods surrounding the office park were not on board with zoning changes and the 9.5 million square meters HALL Group will now be able to add 2.5 million square meters of office space to the existing. Paul Weisgarber, who moved to Frisco in 1998, said he sees Hall Park office buildings spying on his wall as he looks north from his backyard on Creekview Drive. He said he can’t imagine having buildings two to four times the size that rises above his house. I didn’t come to build in Frisco, invest a lot of my own money like all my neighbors, to be in a city environment.My son lives in the middle of a city. He’s in Uptown. We do not live in Uptown; We live in Frisco, Texas, ” said the Council. So please preserve our neighborhoods, preserve our views. Frisco Mayor Jeff Cheney said he understood the concerns of surrounding neighbors, but that Frisco’s general interest and future residents have to be taken into account What keeps me going at night is investments in HALL Park and is HALL Park going to succeed in 20 years,” he said. “And what I know about being in business and what I know about trends and what I know when we’re on the ground and meeting with every CEO and every company looking to come here is that-I can say with 100 percent certainty-in 20 years Hall Park won’t be successful as a project if we don’t keep evolving. And I can tell you that the residents surrounding there certainly want it to be successful.
Shona Huffman said some of the members of the Council’s emails received from residents who opposed the zoning proposal said they wanted the Council to focus on lowering property taxes instead. “A sleeping community is the most expensive community you can have. It is extremely expensive to have single family roofs in suburban areas. You have to have commercial development. You have to increase your trading share from the percentage base. If you don’t, then your property taxes are going to rise,” Huffman said. And so the most important way we can do is by increasing our business development that exists.” Based on a development like HALL Park is critical to its long-term survival, he said. If this office space is not re-developed, in my opinion, the value of that property is going to decrease enormously,” Huffman said. HALL Park, which has offices for companies such as financial technology firm Cardtronics and international relocation firm Altair Global, encompasses 17 office buildings and can accommodate 10,000 employees. Developers first broke ground in the office park in 1997.