![]() Throughout 2020, even as a global pandemic rocked the world economy, local government city leaders remained optimistic that the project would one day move forward. However, Kalikow and Gamma Real Estate told Steve Brown in September that they have had “productive” conversations with the city of Frisco. Indeed, dozens of calls to all available numbers for Thomas and his office went unanswered, and his lawyers did not return multiple voicemails and emails. Steve Brown, who covers real estate for The Dallas Morning News, says he hasn’t heard from Thomas in months, and that the number he has for him has stopped working. Neither Thomas nor Kalikow commented on this story. Amidst this ongoing litigation, it’s unclear if Wade Park will ever live up to its vaunted origins. ![]() Among other claims, Thomas says Kalikow, who lent Thomas money, used absurdly high-interest rates to bankrupt Thomas and the project so he could take it for himself. Stan Thomas, the project’s original developer, is currently suiting Jonathan Kalikow, president of Gamma Real Estate, who took control of this once-prized parcel of Frisco land. The cast: some of the country’s most formidable developers. Wade Park’s journey from prized development to much-maligned gravel pit is a story of apparent betrayal and deceit. We were supposed to have this great development and I thought the value of my home would skyrocket. “I’ve been here for over two years, and the only thing that has changed is the hole is only getting deeper and smellier and the weeds are back. “It is a cesspool,” Frisco’s Kathy Hill told a local news station in September 2020. Those who do remember the excitement of Wade Park’s beginnings have much harsher words to share about the project’s failure. “I assumed it was something they were building or something they were tearing down to build something new.” “I thought it had something to do with the Cowboys,” says Shawn Miller, a Frisco resident. That same day, a weekend afternoon in November, several other Shops at Legacy visitors said they have seen “Lake Lebanon” while driving on the tollway, but few of them knew it was called Wade Park or knew that it was supposed to be an addition to Frisco’s “5 billion dollar mile.” Now I just kinda hope they pave over it someday.” ![]() I live about 10 minutes away, so I was excited. “I totally forgot it was supposed to be a shopping center, but I remember when they first started talking about it. “It’s a pretty big eyesore,” says Rebecca Clark, a Frisco resident interviewed while shopping at The Shops at Legacy. There are no shops, no restaurants, no high-end condos just a gravel pit and a small smattering of half-finished buildings caked in soot. Yet instead of that picturesque scenery, Wade Park now resembles a cross between an abandoned dump and a bombed-out shell of a Wild West town. On the right, a row of luxury apartments overlooked the complex, with high-end shops occupying their bottom floors. On the left, you could catch a movie at the high-end iPic Theater, enjoy some Americana grub at The Rustic, or take care of your shopping at Whole Foods.
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