Parcel Secures Fields Family Bank Legacy
DALLAS, TX (July 6, 2023) – NDBT (North Dallas Bank and Trust Co.), a leading Texas community banking organization, announces the purchase of 3.9 acres of land in Frisco, Texas. The parcel is located in the Fields development at the proposed southwest corner of Legacy Drive and Fields Parkway. FHQ Development Partners, LP was the seller.
Fields is a 2,544-acre mixed-use project on the site formerly known as the Headquarters Ranch. Project developers acquired the site from the estate of Bert Fields, Jr. in 2018 and named the development in honor of Mr. Fields and his family. Mr. Fields was NDBT’s majority shareholder for more than 50 years before passing away in 2015.
“The Fields community has something to offer everyone, providing the ease of access and everyday efficiencies we all require today without compromising the sense of community and belonging that we all need. This commitment to community is consistent with who we are as a company and aligns perfectly with our plans and vision for the future,” said Larry Miller, President & CEO of NDBT. “Our acquisition of this site places us at the heart of the most dynamic multi-use urban community developed in the north Texas market in more than a generation. In addition to the obvious benefits of becoming a member of such an amazing neighborhood, the opportunity to make a meaningful investment in the community bearing our founding family’s name represents an investment opportunity that cannot be ignored.”
Fields is the site of the PGA of America Headquarters and related Fields golf courses, the Omni PGA Frisco Resort, plans for a Universal Parks and Resorts theme park, and several neighborhoods of single and multi-family homes. Developers have also announced a variety of retail investments for the project.