Frisco Town Council Passes First Reading to Sell Interstate Parcel for Development
On May 22, 2013, the Frisco Town Council approved the first reading of an ordinance to sell the Interstate Parcel to developer David O’Neil and his firm, Brynn Grey X, LLC to develop the property into a commercial project anchored by a Whole Foods Market. The parcel is located between Interstate 70 and Lusher Court, west of Safeway and the Summit Stage Transfer Center. The second reading for sale of the property is scheduled to be heard by the Town Council on May 28, 2013.
After receiving overwhelming support by the community about the concept in early 2012, in May of last year Brynn Grey and the Town of Frisco entered into a lease agreement for the development of the Interstate Parcel into a commercial project anchored by a Whole Foods Market. The lease agreement provided an option for the developer to purchase the property within the first ten years of the lease. “David O’Neil has approached the Town and is basically exercising his option to purchase the land,” stated Bill Efting, Frisco Town Manager.
On May 16, 2013, Brynn Grey X received approval from the Frisco Planning Commission for a commercial project, anchored by a 32,000sf Whole Foods Market. The project is to consist of a total of 5 buildings: Whole Foods Market, Inline Retail building, Gateway building, Wellness building and Regional Retail building.
The second reading of the ordinance for the sale of the property to Brynn Grey, X will be heard by the Town Council at their May 28, 2013 meeting. The meeting will be held at Town Hall located at 1 Main Street. It starts at 7pm. The agenda and more information on this meeting can be found on line at www.friscogov.com or call (970) 668-5276.