Fields West, the highly anticipated 55-acre mixed-use urban village rising in Frisco, officially secured a $425 million construction loan, closing on July 1, 2025.
The financing comes from a trio of major lenders, Bank of America, JP Morgan Chase and Prosperity Bank, demonstrating confidence in what many consider one of the most transformative real estate projects in North Texas.
Funding From The City
In a parallel move, the city of Frisco executed the sale of $70 million in municipal bonds on June 27 to support the development, further solidifying the public-private partnership fueling the greater Fields project.
“Great project visions cannot come together without great partners and lenders who believe and trust you,” said developer Fehmi Karahan, president and CEO of The Karahan Companies, in an official statement. “Closing on a construction loan this size demonstrates that kind of trust in our incredible development. I can’t wait to see buildings coming off the ground early this fall.”
Legacy West Vision, Reimagined in Frisco
Karahan, the mind behind Plano’s successful Legacy West, is bringing his signature approach to Fields West — an ambitious centerpiece of the larger 2,500-acre Fields master-planned community. Backed by partners like Hunt Realty Investments, Chief Partners and Crosstie, the project aims to set a new benchmark for integrated urban development in the region.
“I expect Fields to have a similar impact in Frisco as The Shops at Legacy and Legacy West had in Plano, but at an even greater scale,” Karahan previously told Local Profile. “Fields has and will continue to create thousands of job opportunities. It’s an ideal place for people to raise their families.”
Retail, Dining and Office Space on the Horizon
Currently under construction with phased openings planned for late 2027 into 2028, Fields West will offer:
- 350,000 square feet of retail, dining and entertainment
- 325,000 square feet of Class A office space
- A walkable environment built for both residents and visitors
About 70% of the commercial space is already pre-leased. Among the marquee retail tenants are:
- Bloomie’s, Bloomingdale’s first-ever Texas location
- Alo Yoga
- Arhaus
- Kendra Scott
- Pottery Barn
- Sephora
- Williams Sonoma
On the dining front, Fields West is expected to become a culinary hotspot. Concepts include Green Point, Claremont, Mexican Sugar, Sixty Vines and Tommy Bahama Marlin Bar. Mastro’s Steakhouse will also open its first North Texas location within the development.
Designed for Livability and Legacy
The Fields development is more than just a commercial and residential hub; it’s built around the principles of open space, walkability and livability. As Frisco Mayor Jeff Cheney said during the ribbon-cutting for The Preserve at Fields, “We want to make sure we capture the blue sky opportunities, preserve as much open space as possible.”
The Fields logo itself tells that story: an “F” formed by the bend of the Dallas North Tollway and Fields Parkway, with its upper section symbolizing the sweeping sky views that define the area.
Once completed, Fields West is expected to generate more than $400 million in annual sales and purchases throughout the city, making it not just a destination but a powerful economic engine for Frisco’s future.
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