Luxury apartments kick off near Toyota Stadium in Frisco
Dallas Business Journal | Candace Carlisle | October 12, 2016
The Illinois-based developer behind Uptown’s luxury One Uptown residences on the former Hard Rock restaurant site plans to kick off a new luxury apartment community in Frisco, with ground-floor retail space.
Stoneleigh Cos. plans to soon begin on the Waterford at Frisco, a four-story, 381-unit luxury apartment community along Main Street near Toyota Stadium. In all, the two-building wrap buildings will add more than 9,000 square feet of retail and restaurant space.
The lifestyle benefits from the site’s proximity to Toyota Stadium, Frisco Square, The Star in Frisco and Legacy West was the driver behind the firm deciding to build urban-style apartments in this North Texas suburb, said Rick Cavenaugh, president of Stoneleigh Cos.
“The community will offer the best units, finishes and amenities for the discerning Frisco resident,” he said, in a statement.
The Waterford at Frisco is part of a larger growth strategy for Stoneleigh Cos., which plans on building 1,430 apartments in North Texas in the next few years.
“Seventy percent of our business is in Texas for Stoneleigh Cos., and Dallas is our largest concentration of projects,” Cavenaugh told the Dallas Business Journal this summer. “That’s because Dallas is Dallas. It’s been the strongest growing market for the past 30 years. Dallas is an important city, and it’s been good to us.”
EDI Architecture is the project architect for the community. Stoneleigh Construction Company, an affiliated firm to the developer, is the general contractor. Aurora National Life Co. is the construction lender on the project.
Waterford Residential was named the community’s property manager.
Plans for the community include fitness centers with private workout studios, community lounges, two courtyard pools, game rooms and outdoor pavilions.