In Frisco, the Dallas-based developer is planning to break ground in the coming weeks on a 100,000-sf first phase of Frisco Market Center, a one-million-sf plan for an 88-acre tract at the junction of Main Street and the Dallas North Tollway. In Flower Mound, the developer will build the 125,000-sf Plaza of the Oaks.

Hermansen is starting out with retail at Frisco Market Center, but the plan includes 700 residential units in a high-end density design, hotel and entertainment component. The multifamily project is slated to deliver in early 2009. Meanwhile, the developer has sold seven acres to Main Event USA for a 70,000-sf facility. Work begins in early 2008.

Kirk Hermansen, owner of Hermansen Land Development says his company will exclusively develop Frisco Market Center's retail component, but will farm out other parts of the vertical development. "We'll bring on the hotel operators. We're talking to two right now and one is nearly under contract," he says. The multifamily component also will be built by another developer.