Dallas Area Development 2026: Dallas, Plano and Frisco Projects
See where major Dallas, Plano and Frisco projects stand in 2026, from the proposed arenas and AT&T campus to Fields West and Grand Park.
By Michael Doeringsfeld, Real Estate Advisor, Dave Perry-Miller Realty, Dallas, Texas
New offices, parks and entertainment districts are taking shape across Dallas, Plano and Frisco. Some are already open, some are under construction, and others remain proposals. This guide explains where each project stands and what residents can expect next.
Dallas is strengthening its financial center while building a new riverfront park and considering a Mavericks arena. Plano is preparing for AT&T’s global headquarters and considering an arena for the Stars. In Frisco, Universal Kids Resort is open, downtown improvements are complete, and larger districts are still taking shape. Project details below reflect information available on September 22, 2026.
Dallas
Dallas financial district
Dallas’s growing financial presence is often called Y’all Street. It’s an informal nickname for the concentration of banks, investment firms and exchanges in and around Downtown and Uptown, rather than the name of an official district.
NYSE Texas launched in 2025 as a fully electronic equities exchange based in Dallas. The Texas Stock Exchange is a separate exchange. It began live trading on July 10, 2026, and completed its phased rollout of all National Market System symbols on July 31.
The Texas Stock Exchange plans to build a more visible Dallas presence through its Texas Market Center. Its longer-term plans include executive offices, meeting space and a broadcast center for opening and closing ceremonies. The proposed home is Bank of America Tower at Parkside, across from Klyde Warren Park. The tower’s current delivery target is 2027.
Morgan Stanley could add another large office campus to this picture. In a Dallas City Council filing, the company outlined roughly 255,000 square feet at Fountain Place as a temporary location and a proposed 708,000-square-foot building in Uptown near 2401 McKinney Avenue. If the full project proceeds, the city documents anticipate about 3,800 jobs at the permanent site by the end of 2035. Those figures include relocated positions as well as potential new jobs. The permanent building remains a proposal, so its size, timing and employment figures may change.
Harold Simmons Park along the Trinity River
Harold Simmons Park is planned as a 250-acre public park between the Ronald Kirk Bridge and the Margaret McDermott Bridge. The vision includes playgrounds, trails, gathering spaces and a large natural area within the Trinity River floodway. The estimated cost for design, construction, launch and endowment is about $325 million.
The project officially broke ground in April 2025. According to the park’s construction updates, site clearing is complete and playground construction has begun. Different areas will open in stages, with work in the floodway dependent on the Army Corps of Engineers’ flood-safety improvements. For nearby West Dallas and Oak Cliff residents, the park’s everyday value will depend on access, connections and the spaces that actually open.
A proposed Mavericks arena at Valley View
The Dallas Mavericks are pursuing a new arena district at the former Valley View Mall site in North Dallas, near Interstate 635 and Preston Road. The City of Dallas confirmed that the team signed option agreements for about 104 acres in June 2026. In September, the Mavericks filed a rezoning request covering roughly 112 acres, including nearby parcels.
The concept combines an arena with entertainment, retail, restaurants, housing and public space. The site is inside Dallas city limits. It is still a proposed development: the land options and zoning filing do not mean that an arena has been approved or built.
Plano
Dallas Stars arena proposal at Willow Bend
The Dallas Stars’ move to Plano is still a proposal. The team and city are exploring a sports and entertainment district at The Shops at Willow Bend. In June 2026, Plano City Council approved a nonbinding letter of intent, an incentive agreement with the mall developers and other early measures. Those steps start the process; they do not settle the final financing or design.
The roughly 76-acre concept would pair a city-owned arena with restaurants, shops, residences, offices, a hotel and public gathering areas. Plano voters are scheduled to consider venue-related taxes on November 3, 2026. The vote, final agreements and financing will determine whether the arena moves forward. The Stars have said they hope to open a new home for the 2031–32 NHL season, but that remains a target.
AT&T global headquarters on Legacy Drive
AT&T plans to move its global headquarters from Downtown Dallas to the former Electronic Data Systems campus at 5400 Legacy Drive. Under the City of Plano agreement, the company is to construct and occupy at least 2 million square feet of office, amenity and limited retail space and make at least $1.35 billion in real property improvements.
This is a major change for Plano’s Legacy area, but the number of positions connected to the campus should not be read as the number of households moving to Plano. Some employees may already live and work in North Texas. For residents, the questions to watch are the construction schedule, commute patterns and how the campus connects to nearby streets and businesses.
Park at Legacy and Mendomi Park
The former JCPenney headquarters at 6501 Legacy Drive is being remade as Park at Legacy, a 107-acre mixed-use district next to Legacy West. Approved plans allow renovated office space, new buildings, a hotel, restaurants and up to 750 residences. Those are development allowances, not a promise that every component will be built on the same schedule.
Nearby, Mendomi Park is a future five-acre public park near Legacy Drive and Headquarters Drive. Toyota Motor North America contributed $15 million toward the land purchase. The park is still in development. Taken together, these projects could give the Legacy area more places to live and spend time outdoors, alongside its large office campuses.
Frisco
Fields and Fields West in north Frisco
Fields is a 2,545-acre master-planned development in north Frisco that includes neighborhoods, golf, parks, the PGA of America headquarters, Omni PGA Frisco Resort and Universal Kids Resort. Fields West is the walkable shopping, dining, office and apartment district within that larger development. It is not a separate city or a replacement name for all of Fields.
The Fields West plan calls for about 1,150 residences, 350,000 square feet of offices and 360,000 square feet of shopping, dining and entertainment. Openings are expected in phases from late 2027 into 2028. For someone considering north Frisco, that means the surrounding neighborhoods exist at different stages while the central district is still being built.
Universal Kids Resort is open
Universal Kids Resort opened in Frisco on July 1, 2026. The family-focused theme park and resort hotel give the city a new visitor destination today, unlike the planned attractions that are still years away. Its long-term effect on traffic, nearby businesses and housing demand will be clearer after more time in operation.
The Rail District and Grand Park
Frisco’s historic downtown, known as the Rail District, has completed its public streetscape work. The city’s redevelopment update lists improvements to Main Street and Elm Street, the new Fourth Street Plaza and a public parking garage. The name refers to the district’s history, not a new passenger rail service. Its smaller blocks, independent businesses and older neighborhoods offer a different setting from the large projects farther north.
West of downtown, Grand Park is a much longer-term undertaking. Frisco broke ground in April 2026 on a 58-acre first phase called the Civic Room, with an amphitheater, pond and gathering areas. The city anticipates that phase opening in October 2027. The full park vision spans about 1,000 acres, so the first opening will be only a portion of it.
Toyota Stadium and future downtown housing
A $182 million modernization of Toyota Stadium is scheduled for completion ahead of the 2028 MLS season. It sits near the Rail District, where the city also expects continued reinvestment. Frisco’s 2040 Comprehensive Plan supports a broader mix of housing and mixed-use development downtown, but a land-use plan is a guide for future decisions, not a construction schedule.
What to watch next
The clearest near-term decision is Plano’s November 2026 vote on arena-related taxes. In Frisco, the next visible milestones are Grand Park’s first phase in 2027, the phased opening of Fields West and Toyota Stadium’s targeted 2028 completion. Dallas’s proposed arena and Morgan Stanley campus have more approvals and construction steps ahead. Dates can move, especially on projects that are still in design or financing.
If you’re weighing a move within the Dallas area, start with what affects a normal week: the commute to a specific workplace, the roads you will use, and amenities already open. A major announcement can help explain where a city is headed, but it should not stand in for a visit to the neighborhood or a close look at the project’s current status.