WHAT MAKES THIS UPTOWN PROJECT UNLIKE ANY OTHER
Bisnow | Julia Bunch | October 10, 2016
Stoneleigh Cos president Rick Cavenaugh announced today that One Uptown (which topped out in June) will open in January 2017. We sat down with Rick before the Class-A 20-story tower opens (and before Rick speaks at our 2016 Development & Construction Forum event) to hear what makes the project unlike anything Uptown’s seen in quite a while.
The 100-year flood Dallas got in 2014 delayed One Uptown’s construction significantly. While Rick calls the weather “irritating,” the delay also allowed Stoneleigh to take another look at the rapidly changing market and adapt the project accordingly. He saw what was happening with rents in other trophy projects and knew Stoneleigh needed to offer more for residents to remain at the top of the market, Rick says. After that, Stoneleigh upped One Uptown’s amenities and unit finishes.
On the cross streets of McKinney Avenue and Routh Street, One Uptown’s lot resembles a parallelogram more than a square. Stoneleigh used that shape as inspiration for the 198-unit tower.
Here are Jack Sovern, Philip Kingston, Paul Cheng, Rick, Peter Lloyd and Phillip Shepherd at One Uptown’s groundbreaking.
Unlike a typical Uptown apartment that runs 10 to 25 stories with brick exterior, punched windows and concrete balconies in a linear building, Rick tells us One Uptown utilizes a constantly flowing façade so no part of the building is a straight line. Every way you look, the building has a distinctly different impression. Rick says the building, designed by Dallas-based Humphreys Partners, has a lot of motion.
One Uptown has two drool-worthy pools. A residents-only pool on the roof has more of a relaxation vibe with cabanas, a fire pit, grills, lounge chairs and the killer view you’d expect from any 240-foot-high rooftop in Dallas. One Uptown also has the first glass-bottomed pool in the Big D, which can be seen from a ground-level entry. The latter is accessible to the public through Osterio de Circo restaurant and has a pool bar and DJ booth (perfect for some quintessentially Uptown entertainment).
Stoneleigh isn’t stopping after One Uptown. It recently closed on a construction loan for Waterford at Frisco, a multifamily property that will house 380 apartments next to Toyota Stadium in Frisco. At full build-out, the project will have 600 units. Stoneleigh is also under contract with a multifamily project at I-35 and Belt Line Road in Carrollton called the Switch Yard.
Hear more from Rick, Andrew Ord, Kevin Crum and many others at our 2016 Development & Construction Forum event on Oct. 20.
CONSTRUCTION BEGINS ON WATERFORD at FRISCO
NEWEST PREMIERE APARTMENTS NEAR FRISCO SQUARE
(October 10, 2016) – Stoneleigh Companies is pleased to announce the groundbreaking of Waterford at Frisco, a 381-unit apartment community located off Main Street in the bustling Frisco market near Toyota Stadium.
Waterford at Frisco will feature 381 luxury apartments in two four-story wrap buildings, a private access parking garage and more than 9,000 square feet of retail and restaurant space. Services and benefits to residents include two complete amenity packages including leasing offices, community lounges, complete fitness centers with private workout studios, Uber lounge, game and activity rooms, 2 courtyard pools and grilling and outdoor TV pavilions.
Rick Cavenaugh, President of Stoneleigh Companies, saw this property as an opportunity to bring a premiere luxury apartment community to the rapidly growing downtown Frisco neighborhood. “Frisco, Texas is one of the fastest growing and most sought after suburbs of the north Dallas area. The lifestyle benefits with the Toyota Stadium, Frisco Square, the Texas Star and proximity to Legacy West and its burgeoning employment growth intrigued us as excellent fundamentals for the addition of Waterford at Frisco to the residential choices to new and existing residents. The community will offer the best units, finishes and amenities for the discerning Frisco resident.”
The project team for Waterford at Frisco includes EDI Architecture as the project architect; Stoneleigh Construction Company as the general contractor; Waterford Residential as the property manager; and Aurora National Life Company is the construction lender.
About Stoneleigh Companies
Stoneleigh Companies is a multi-family investor and developer focused on long term investment in excellent quality residential properties in markets that exhibit strong fundamentals for rental housing. Stoneleigh operates 4,000 units and is under construction on three new multi-family communities in Frisco, Houston, and Uptown Dallas. Waterford at Frisco is a key addition to the Waterford Residential brand of urban developments being built by Stoneleigh to complement its One brand of high rise apartments. For more information, visit www.waterfordresidential.com.
STONELEIGH COMPANIES ANNOUNCES THE OPENING OF WATERFORD TRAILS APARTMENTS IN SPRING, TEXAS
(October 10, 2016) – Stoneleigh Companies is pleased to announce the opening of its newest luxury apartment community in Spring, Texas, Waterford Trails Apartments with its first residents moving in this month. The 340-unit apartment community is located on Emerald Mist Parkway near the intersection of FM 2920 and the Grand Parkway in northwest Houston.
“We are excited to announce the opening of Waterford Trails,” said Rick Cavenaugh, president and CEO of Stoneleigh Companies. “We designed the community to be a relaxing retreat for our residents with classic craftsman architecture including stone masonry on the exterior and interior designs that have an artisan appeal. Waterford Trails will be the premiere Class AA apartment community and offers our residents the best amenities and the best floor plans for this rapidly growing area. The gated community offers a grand entrance with extensive landscaping.”
The community offers one, two and three-bedroom apartment homes ranging in size from 590 to 1409 square feet of living space. Residents will enjoy granite/quartz countertops, stainless steel appliances, LED lighting, large kitchens with craftsman wood cabinets with brushed nickel hardware and wood-style plank flooring throughout the unit. Floor plans incorporate features such as 9-foot ceilings, spacious walk-in closets with Elfa designer closet systems, garden tubs and walk-in showers, full size washers and dryers, private balconies and direct access garages in many units.
Waterford Trails is part of the Waterford Residential portfolio and includes a vibrant clubhouse with the latest Precor fitness equipment, wine cave, a cyber café with coffee bar and a resident lounge. Residents will also enjoy the mega resort-style pool with a tanning shelf, waterfall, large sundeck with expansive seating and private cabanas, fire pit for after work gatherings, complimentary Wi-Fi, built-in grilling pavilion and an outdoor TV lounge.
“Since we’ve owned and built premiere apartments in Spring, Texas, we realize the benefits to our residents to live in the highly sought after Klein Independent School District,” said Cavenaugh. “Waterford Trails is a wonderful addition to our portfolio and will prove to be the best new residential community in the northwest Houston market.”
For more information on Waterford Trails Apartments, visit www.waterfordtrailsapts.com.
About Stoneleigh Companies
Stoneleigh Companies is a multi-family owner and developer focused on long term investment in excellent quality residential properties in markets that exhibit strong fundamentals for premium rental housing. Stoneleigh operates over 4,000 units and is under construction on three new communities in Dallas Uptown, Houston and Frisco.
For more information, visit www.waterfordresidential.com.
About Waterford Residential
Waterford Residential is the property management affiliate of Stoneleigh Companies, and currently manages 16 multi-family communities in Texas, Florida, Tennessee and Illinois including two premiere communities in Spring, Texas.