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FRISCO — Forest City Development and its partner, Ernest Mahard Jr., is planning to develop a 320-acre mixed-use development on the southwest corner of the Dallas North Tollway and U.S. Highway 380 in Frisco. Bounded by Virginia Parkway and County Road 26, the development will encompass retail, residential, office, entertainment, hospitality, and municipal parks and services. Currently, the City of Frisco has executed a Memorandum of Understanding with Forest City Development and Ernest Mahard Jr. for the development. Specific plans will come at a later date.