Five Star Development Co. will break ground in October on a 12-year project for a $170 million, mixed-use “vintage” development on 145 acres in Frisco.

The creation of a circa-1920s town square, including municipal buildings, marks the largest project undertaken by the development company, based in the Dallas suburb of Flower Mound. Frisco Square’s first phase will consist of about 400,000 sf of office, retail, restaurant and apartment space. Major construction for the first phase will get under way in first quarter 2001 and tentatively is set for completion by year’s end. When it is fully developed, Frisco Square will total more than three million sf.

Five Star, headed by Cole McDowell, is teaming with nationally renowned architect David Schwarz of Washington, D.C. Schwarz is best known in the region for his designs at Sundance Square in Ft. Worth, The Ballpark at Arlington and the under-construction American Airlines Center in Dallas.

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