Invest Group Overseas Unveils Plan for $700M Mixed-Use Project in Frisco
- Sep 25, 2014
Invest Group Overseas (IGO), a Dubai-based development company, recently made public its plan to develop The Gate, a $700 million luxury, mixed-use project in Frisco. It represents the company’s first project in the state of Texas.
To be developed on approximately 41 acres at the northwest corner of the Dallas North Tollway and future John Hickman Parkway, the project will feature high-rise condo-style residences, a hotel, retail and Class A office space. At build out, The Gate will add as much as roughly 2.3 million square feet of new space:
- Class A Office Space – 410,000 square feet
- Boutique Office and Restaurant – 420,000 square feet
- Luxury Residential – 1,236,500 square feet
- Retail, Restaurant with Upper Office Space – 71,000 square feet
- Retail and Restaurant – 23,000 square feet
- Restaurant – 6,000 square feet
- Hotel – 150,000 square feet
“True to its name, The Gate is conceived to be a gateway to the bustling corridor along the Dallas North Tollway in Frisco,” said Anaz Kozbari, CEO of IGO. “The development will offer a refreshing take on the live-work-play environment in one of America’s fastest-growing cities. When completed, it is poised to be a hub of opportunity for the business and residents who will make The Gate their address of choice.”
“Having a highly respected international developer like Invest Group Overseas select Frisco as the place to enter the Texas market is a testament to Frisco’s thriving business climate and excellent quality of life,” said Frisco Mayor Maher Maso. “While the site plan for The Gate is still conceptual, this dynamic development is on target for Frisco.”
Formed in 2004 in Dubai as a joint venture between Syrian businessman Moafaq A. Gaddah and Mohammed Anas Kozbari, Invest Group Overseas has become renowned for large-scale, high-investment developments such as the Al Thuraia Towers or The Eight Gate near the city of Damascus.
Rendering courtesy of MAG Group.