Back in 2006 a huge residential development, called Phillips Creek Ranch, was slated for West Frisco. However, the 948-acre development, located east of FM 423 from Lebanon Road to Old Newman Road, has sat empty ever since. In 2008, Phillips Creek Ranch was purchased by Dallas-based Republic Property Group after it was foreclosed under the original developer. In recent news, the Phillips Creek Ranch development has finally gained approval from the Frisco City Council and is in the planning stages for what will become Frisco's 2nd largest master planned community.
Republic Property Group, the developer, says it is excited to move forward with the 903-acre Master–Planned Community located in the heart of West Frisco, one of the most progressive and fastest growing cities in the country. The rolling terrain and character of the land will lend itself to an upscale community that will include over one hundred acres of open spaces, several lakes, an extensive creek system and spacious parks and trails. Among the highlights of the development will be twenty–four life size bronze horse statues paying tribute to the internationally famous B.F. Phillips quarter horse ranch that once occupied the land. Phillips Creek Ranch is just minutes from Frisco’s shopping, dining, entertainment and sports facilities at Highway 121 and the Dallas North Tollway. School-aged children will attend the highly-acclaimed Frisco ISD. Three existing schools (2 elementary and 1 middle school) are adjacent to the community, while three additional elementary school sites are planned for the future. Phillips Creek Ranch will ultimately house more than 10,000 residents in homes ranging from $350,000-$2,000,000. Phase 1, breaking ground in late Summer 2011, will contain 250 homes.
More information is coming soon, but until then, please see the articles and video below:
Developer gets approval for Phillips Creek Ranch
Foreclosed Phillips Creek Ranch sold
Republic Property Group buys Phillips Creek Ranch
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