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.
Uptown Dallas project developer heads to Frisco with new apartments
Dallas News | Steve Brown | October 12, 2016
A developer that’s building one of Uptown Dallas’ new residential towers has started work on a project in Frisco.
Stoneleigh Cos. has broken ground on Waterford at Frisco, a 381-unit apartment community north of Main Street market near Toyota Stadium.
The 4-story rental community will include 9,000 square feet of retail and restaurant space. The project has community lounges, fitness centers with private workout studios, game and activity rooms, two courtyard pools and outdoor TV and grilling pavilions.
“Frisco, Texas is one of the fastest growing and most sought after suburbs of the north Dallas area,” Rick Cavenaugh, President of Stoneleigh, said in a statement. He said the project is well located with its “proximity to Legacy West and its burgeoning employment growth.”
EDI Architecture designed the project and Stoneleigh Construction Co. is the general contractor.
Aurora National Life Co. is the construction lender.
Stoneleigh in Dallas is building the 20-story One Uptown apartment tower on McKinney Avenue. The 198-unit luxury rental project will open in January.
Waterford Trails Apartments Opens in Spring, TX
The Paper | October 12, 2016
SPRING, TX – 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.
One Uptown High-Rise Apartment Tower to Open in Dallas
REBusiness Online | Katie Sloan | October 12, 2016
DALLAS — Stoneleigh Cos. and USA Infrastructure Investments will open One Uptown, a 196-unit high-rise apartment tower in Uptown Dallas, in January 2017. The project, located on McKinney Avenue, will offer units with private balconies, floor-to-ceiling glass windows, washers and dryers and large walk-in closets with Elfa closet shelving systems. Community amenities will include a rooftop pool, a 9,000-square-foot sky deck and lounge, a relaxation zone with a fire pit, a demonstration kitchen, cabanas, a private fitness studio, an entertainment room, and two hospitality suites for out-of-town guests. The tower will also feature more than 18,000 square feet of restaurant space occupied by Circo, a five-star European restaurant, and Fogo de Chão, a Brazilian steakhouse. Dallas-based architect Phil Shepard designed the development.
Construction Begins On Waterford at Frisco
Frisco Online | October 12, 2016
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.
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