FRISCO, TX-Forest City Enterprises Inc. has partnered with the City of Frisco and a local land owner, Ernest Mahard Jr., to develop a 320-acre, mixed-use project. Known as Frisco North, the project will consist of retail, residential, office, entertainment and hospitality elements, as well as open space, public parks and municipal uses.

Forest City’s Commercial Development subsidiary entered into a Memorandum of Understanding with the City and the Frisco Community Development Corp. to lead the developed of Frisco North.

“Working with the City of Frisco has set the new benchmark for public/private collaboration,” says Jeff Isenstadt, a Forest City Development representative and president of Los Angeles-based JCI Development Inc. “It was their leadership that led to this week’s events. With these partnerships in place, we look forward to breaking ground in one of the most dynamic growth markets in the country.” He adds: “we’ve found a life-long partner with Ernest Mahard Jr. His long-term commitment to this development mirrored our own from inception.”