More details emerge about bank's multimillion-dollar project in Fields
NDBT to join one of North Texas’ biggest real estate developments
New details have emerged about North Dallas Bank & Trust Co.’s plans for the land it purchased in July 2023 in Frisco’s Fields development.
The Dallas-based bank, known as NDBT, bought 3.9 acres at the proposed southwest corner of Legacy Drive and Fields Parkway. The land is within Fields, a 2,544-acre mixed-use project on the site formerly known as the Headquarters Ranch. At the time of the purchase, NDBT had little to say about what it planned for the site.
A Jan. 8 filing with the Texas Department of Licensing and Regulation provided a substantial update. It shows NDBT plans to build a three-story office consisting of 54,837 square feet with a bank branch, office space and an amenity floor on top. The location will also include a covered drive-thru for the branch.
Construction has an estimated cost of $32 million and is expected to begin in May and wrap up in June 2026, according to the filing. Info in TDLR filings is preliminary and often subject to change, but the filings provide insight into new construction in the Metroplex.
Jay Henry, a market president at NDBT who oversees northwest Dallas County as well as the Frisco project, said the filing speaks for itself and could not offer additional details because the bank is still in a “due diligence period.”
The planned building will need approval from the City of Frisco before NDBT can move forward with construction.
NDBT’s proposal was submitted for review to Frisco’s Development Services Department on Oct. 14, according to city records. The Frisco Planning and Zoning Commission approved a site plan for the project on Nov. 12.
If the project receives city council approval, NDBT would become part of one of the biggest projects in all of North Texas.
Fields is being spearheaded by Dallas’ Hunt Realty Investments, Plano-based Karahan Cos. and investors Chief Partners and Crosstie Capital. It’s expected to have a value of more than $10 billion at full buildout. The development has already become home to the PGA of America headquarters and the Omni PGA Frisco Resort. Universal Studios is also constructing a $550 million theme park with rides, shows, restaurants and a 300-room hotel. Nine residential villages and neighborhoods will feature around 3,500 single-family homes.
Developers anticipate Fields will be a magnet for corporate headquarters relocations and similar expansions.
“That development is a first-class development that has high-class residential,” Henry said. He pointed to the development of Fields West, a dense commercial district within Fields by Fehmi Karahan’s firm, as “a first-class opportunity that brings opportunities for relationships with all kinds of business — retail, office, residential.”
Project developers acquired the site from the estate of Bert Fields Jr. in 2018 and named the development in honor of Fields and his family. NDBT, a bank with $1.9 billion in assets as of Sept. 30, itself has close ties to the Fields family. The family founded NDBT in 1961 and Bert Fields Jr. was the bank’s majority shareholder for more than 50 years before his death in 2015.
NDBT continues to operate from its longtime headquarters in the 12-story North Dallas Bank Tower at the corner of Preston Road and LBJ Freeway. The bank spent more than $12 million to renovate its space there in 2022. Henry said the planned office at Fields will not replace the headquarters.
In addition to its main office in Dallas, NDBT has branches in Plano, Las Colinas and Addison and a location in Frisco.