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01 August . 2017

New “Ikea/Home Depot hybrid” reportedly coming to Frisco site near Hollyhock

A new Frisco retail development described as a “hybrid between an Ikea and a Home Depot” could be coming soon to a site near Hollyhock, according to a report in the Dallas Business Journal.

DBJ reporter Candace Carlisle writes that a Chinese manufacturer of building materials, hardware and home goods is readying plans for a “massive retail hub along the U.S.  380 corridor in Frisco.”

An affiliate of Lesso America Inc., a subsidiary of China’s Lesso Group Holdings Ltd., has assembled two tracts of land covering more than 76 acres along U.S. 380. The site is focused at the intersection of U.S. 380 and FM 423, just to the west of Hollyhock’s north entrance at U.S. 380 and Hollyhock Road. (Hollyhock also has a southern entrance off of Teel Parkway.)

While no exact construction date has been confirmed about this project, Carlisle reports sources as saying that it would be a “multi-story retail center that would be a hybrid between an Ikea and a Home Depot with a focus on serving the growing North Texas suburbs.”

One thing is certain: when this Ikea/Home Depot hybrid does open, it will join a growing array of new retail, dining and entertainment destinatons only a few miles from Hollyhock, including Frisco’s thriving $5 Billion Mile.

Frisco’s status as one of the fastest-growing and most successful cities in the United States is what’s attracting so many retailers and other service providers.

In June, CNN/Money listed Frisco as the nation’s second fastest-growing city, with a population increase of more than 6% from July 2015 to July 2016. North Texas was well represented on this list, with McKinney taking the No. 3 spot, right behind Frisco.