The Mix Frisco and StreetLights Residential have broken ground on the first phase of its highly anticipated luxury multifamily development within The Mix, a transformative 112-acre mixed-use community in Frisco, Texas.

The multifamily development is scheduled to open in the fall of 2027, and leasing will begin the second quarter of 2027. This reimagined development will break down block sizes to a pedestrian scale that will blend walkable streets, rich amenities, and distinctive architecture to create a neighborhood that feels like it has grown over time.

Residents will enjoy access to an extensive collection of thoughtfully curated amenities, including coworking lounges, pet wash stations, game rooms, gathering spaces, resort-style pools, and a sprawling central park that serves as the heart of the neighborhood. A mews street, a charming pedestrian-only alleyway inspired by historic urban alleys, will lead residents from intimate restaurants to the surrounding green space of the master-planned community. A diverse mix of nearby dining options and retail, including Whole Foods Market, further enhances the walkable, connected lifestyle this development offers.

Inspired by the community’s 9-acre central park and pedestrian-friendly masterplan designed to promote exploration, the new multifamily development strikes a thoughtful balance between vibrant urban energy and a serene natural retreat, redefining the expectations of suburban living. Residents will discover an urbanized experience that is immersive and thoughtfully woven into its surroundings. Upon completion, the community will feature over 635 urban living units and town homes, offering one-, two- and three-bedroom floorplans.

At The Mix, residents will find two distinct living experiences. To the west, the community draws energy from the adjacent retail district, offering direct access to shops, restaurants, and on-site conveniences, including a bar and coffee shop within the building. The architecture embraces a refined industrial aesthetic with a lively town center atmosphere defined by retail-lined streets and outdoor patios. The neighboring building to the east purposefully shifts in character to a quieter residential enclave. It offers a more serene experience, with larger urban living units and town homes that provide space for those seeking a calmer retreat with all the benefits of connected, urban living. The architecture is complemented by bright, airy interiors with lighter wood, sleek stone finishes, and soft jewel tones complete with a modern touch.

Sophisticated, in-unit features include built-in Sonos speakers, screened balconies, intuitive smart home controls with locks, thermostats and dimmable lights, chef-inspired Fabita cooktops, gas stoves, wet baths, wine coolers, and rooftop terraces for a private outdoor retreat.

Torti Gallas + Partners is the architect of record, while StreetLights Creative Studios is leading interior design efforts for the multifamily development. StreetLights Construction is serving as the general contractor.

Lee & Associates Dallas-Fort Worth completed a new sale transaction for a 33,758-square-foot industrial space located at 1506 I-35W in Denton, Texas.

John Anderson of Lee & Associates Dallas-Fort Worth represented the Buyer, CanTex Capital, LLC. CanTex Capital is a premier commercial real estate investment firm based in Dallas-Fort Worth.

Luxury retailers were riding high a year ago, having enjoyed several years of growth following the COVID-19 pandemic. Today? New headwinds have hit this slice of the retail sector, most notably economic uncertainty and concerns over tariffs.

What do these challenges mean? That’s not yet determined. JLL in its U.S. luxury retail report, released earlier this week, said that while some luxury brands have reported falling revenues, economic concerns have not yet led to a significant decline in luxury store openings.

According to JLL’s report, luxury retailers are opening new locations at a faster pace than they did in the first half of 2024. In the first six months of this year, newly opened luxury square footage jumped by 65.1% when compared to the same period a year ago.

However, the last quarter of 2024 was even more active. JLL said that luxury openings in the fourth quarter of last year totaled 195,563 square feet, the highest quarterly total that JLL has ever recorded in the luxury retail market.

And so far this year? In the first quarter of 2025, retailers opened 146,888 square feet of new luxury retail space across the United States, JLL said. In the second quarter of this year, they opened 79,625 square feet of new luxury space. That’s a total of 226,513 square feet of new luxury openings in the first half of this year.

Challenges do loom, though. JLL reported that Capri Holdings anticipates an $85 million increase in cost of goods sold for fiscal year 2026 because of tariffs, while Tapestry’s Kate Space brand is impacted by the 20% Southeast Asian import tariffs, something that is prompting the retailer to reduce its handbag styles by 30%. The company is projecting a total $160 million tariff-related cost for fiscal year 2026.

At the same time, LVMH says that it is increasing local production in the United States by opening a second Louis Vuitton facility in Texas to reduce import costs.

Much of the strength of the luxury retail market today is fueled by the shopping habits of Gen Z and Millennials, according to JLL.

JLL reported that Tapestry’s Coach brand notched a 14% increase in sales during the fiscal fourth quarter of 2025 and a jump of 10% for the full year. Gen Z and Millennials make up 60% to 70% of the brand’s new North American customers, JLL says.

Prada Group’s Miu Miu saw its retail sales surge by 49% in the first half of 2025, with a sizable portion of these sales coming from younger consumers.