Invest Group Overseas (IGO) has announced plans to start the company’s first mixed-used development project called The Gate in Frisco, US.

The $700m, 41 acre mixed-use project will be located on the north-west corner of the Dallas North Tollway and the future John Hickman Parkway in Frisco.

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Invest Group Overseas CEO Anaz Kozbari said: "The development will offer a refreshing take on the live, work, play environment in one of America’s fastest growing cities.

"Invest Group Overseas [selecting] Frisco as the place to enter the Texas market is a testament to Frisco’s thriving business climate and excellent quality of life."

"When completed, it is poised to be a hub of opportunity for the businesses and residents who will make The Gate their address of choice."

The project is expected to include high rise condo-style residences, a boutique hotel, destination retail and dining, as well as class-A office space.

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Frisco Mayor Maher Maso said: "Having a highly respected international developer like Invest Group Overseas select Frisco as the place to enter the Texas market is a testament to Frisco’s thriving business climate and excellent quality of life.

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"While the site plan for The Gate is still conceptual, this dynamic development is on target for Frisco."

The 2.3 million ft² construction is scheduled to commence as early as spring 2015, for completion by summer 2019.

While IGO is yet to announce any leasing or construction partners, Dallas Business Journal reports that Gensler is working on conceptual renderings of the project.