Monday, May 27, 2024
HomeFitnessPartnership picks up land for new concept within Frisco’s Railhead development

Partnership picks up land for new concept within Frisco’s Railhead development

The Railhead mixed-use development in Frisco will continue to move forward with a new feature.
Spanning about 80 acres along Dallas North Tollway north of Main Street, the project will one day span more than 1 million square feet of office space, retail, restaurants, hotels and apartments.
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It will be anchored by a five-acre park. Inspiration has been drawn from Klyde Warren Park, incorporating daily food trucks and retail and restaurants on the north and south sides of the manicured landscaping.
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Next up in the Railhead vision, a local real estate executive has led a partnership to purchase and develop 1.8 acres of land adjacent to the park slated for a Recess Fitness Club.
A proposed rendering for the Recess Fitness Club at the Railhead development in Frisco, which will mark the concept’s second location (Carrell Partners & Yost)
Eric Beichler, managing principal with Dallas-based real estate advisory Mohr Partners, Inc., is spearheading the effort.
Sayres Heady of Randy Heady and Company Realtors Inc. represented the seller, Saddlebred Ltd., in the land sale.
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There is currently a single Recess outpost, located in Dallas at 5706 E. Mockingbird near Greenville Avenue.
“The Recess ownership is very excited about the location and the amenity their business will provide to all the patrons at the Railhead development,” said Beichler.
Heady Investments broke ground on the project in mid-2022 alongside Irving-based apartment builder JPI.
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JPI is currently building 903 apartments spread between two separate apartment phases.
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Plans call for about 1,280 apartments when the project is finished.
But that’s not all in the works for the Railhead development.
Heady Investments is in contract negotiations for a fourth-quarter groundbreaking for two four-star hotels. Both properties would feature dining options at elevated pool bars that overlook the park.
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Designs at the Railhead development also call for 1.5 million square feet of high-rise, Class AA office space spread across 18 acres fronting the Dallas North Tollway. All sites have underground utilities, including electrical and telephone lines.
The firm has already had inquiries from a 200,000-square-foot tenant and 400,000-square-foot tenant, according to Randy Heady, general partner of Heady Investments.
The Railhead is positioned about halfway between the PGA of America headquarters and resort and the Dallas Cowboys’ Star complex.

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