Frisco Mall is getting revamped
Not only is Frisco’s Main Street going to look better, but it has also led to a historic high sale in real estate.
Mike Hilbert, a developer in Denver, bought the dated Frisco Mall for $3.16 million — a record. He also purchased the adjoining lots, between Fourth and Fifth Avenues on Main Street, for $1.4 million.
He wants to upgrade facades on the building and may add condos (proposed sales price: $400,000-$700,000) above the commercial space, as many developers are doing on Main Street. But scarce parking and overall cost may foil his plans.
The businesses in the space Hilbert purchased plan on staying, since sales are good there.
