|Silver Oak opened the first 410 apartments in Frisco Market Center in 2014|
Monday, August 15, 2016
More Frisco apartments are on the way at Main Street and the tollway
Developers are adding to the boom in Frisco with a major apartment project.
Construction has started on more than 300 apartments as part of a mixed-use development at the Dallas North Tollway and Frisco's Main Street.
The Emerson Court rental community will be part of the Frisco Market Center development.
Developer Silver Oak Multifamily Capital LLC has been working on the project since 2013. The first phase of the project included 410 units and is now fully leased.
"Emerson Court provides us the opportunity to build on the success of phase one and to create an exceptional living environment for our residents in the heart of the ever expanding City of Frisco," Tim Gottsacker, Managing Partner for Silver Oak, said in a statement. "We are thrilled to be in Frisco because of the exemplary school district; high-end shopping-entertainment, recreation and most importantly, access to an expanding employment base that will provide high quality jobs for our residents."
Emerson Court will be a 4-story development that includes a fitness center, two courtyards with swimming pool and picnic areas.
Rents in the project are expected to range from $1,100 to $2,200 a month.
The new rental units will be within walking distance of the rest of the
100-acre Frisco Market Center development, which includes retail and commercial space.
CBG Building Co. is the project general contractor and BGO Architects designed Emerson Court.
Frisco Market Center is a $300 million development anchored by the Main Event and LA Fitness. It's just west of Frisco Square.
The project is planned to eventually include 500,000 square feet of entertainment, restaurants and retail, 250 hotel rooms and over 1,500 residents.
Silver Oak has done more than $200 million in real estate deals since 2006. Silver Oak acts as a general partner and sponsor of real estate funds that invest in apartment communities.
With more than 50,000 units under construction, the D-FW area leads the country in apartment building.
Written by Steve Brown/Dallas Morning News