25N Coworking – Daily Herald

Arlington Heights chamber celebrates success stories

Daily Herald | Christopher Placek | January 27, 2017

The Arlington Heights Chamber of Commerce on Friday celebrated successes of the business community over the past year, while chamber officials look to enhance the services they provide to their membership in 2017.

It’s the 70th anniversary of the business group, and so Friday night’s annual installation and awards celebration at Arlington International Racecourse was James Bond 007-themed, with outgoing board Chairman Colin Gilbert calling himself “Agent 070” and attendees posing for pictures with fake guns.

Gilbert officially handed the chairmanship reins to Mike Driskell, who said the chamber will continue to evolve in 2017, with the goal to get the chamber staff out of the office and into the business community more often.

One way the organization is doing that is by moving the chamber offices from 311 S. Arlington Heights Road in downtown Arlington Heights to 25N Coworking, the new 11,000-square-foot work and meeting space that formally opened this week at the One Arlington residential tower, part of the Arlington Downs development on Euclid Avenue.

“The co-working community space will be shared with other businesses and will help us to keep our finger on the pulse of the business community,” Driskell said. “The new service model will help us to remain agile and respond quickly to changes in the business climate and the needs of our members.”

Driskell, the director of administration of the Arlington Heights Memorial Library, said he also wants to explore partnership opportunities between the chamber and library.

Mayor Tom Hayes honored the chamber’s 70th anniversary by referencing an old newspaper clipping from the Arlington Heights Herald, the predecessor to the Daily Herald, that he found online.

In likely one of the chamber’s first newspaper advertisements in 1947, the ad encouraged consumers to shop in Arlington Heights on Thursdays until 9 p.m., when a number of stores were keeping their doors open late.

Gilbert gave President’s Awards to Ken Drost, his partner at the Drost, Gilbert, Andrew & Apicella law firm, and Amy Philpott, a Realtor at Picket Fence Realty. Philpott also won the award for Business Leader of the Year.

Business Volunteer of the Year was awarded to Frank Lesniak, owner of Air-Flo HVAC, for his work with the Santa Run, golf outings and other events.

Business of the Year went to AAA Travel & Insurance, which has been in Arlington Heights for 30 years and Illinois for the past 100 years.

Frontier Days, the annual summer festival that will be in its 42nd year, was named Nonprofit of the Year.

Bottle & Bottega was named Emerging Business of the Year. Owner Chris Bonk thanked village and chamber officials for their assistance in helping him open a little more than a year ago.

“When people come to our studio to paint every night, it’s very heartwarming. People come in and they say, ‘This is such a charming downtown,'” Bonk said. “It feels nice that they think it’s a great place.”

Switchyard – Dallas News

Commercial real estate transactions

Dallas News | Steve Brown | January 24, 2017

Sales
Chicago-based Stoneleigh Cos., in partnership with Realty Capital Management, purchased 4 acres at the northeast corner of Interstate 35 and Belt Line Road in Carrollton. The property will be used for construction of the 234-unit Switchyard Apartments. Key Bank NA and SunGate Capital provided funding for the project.

The Lofts at Red Mountain – Stoneleigh Companies, LLC

Stoneleigh Companies, LLC announces plans to acquire land to build The Lofts at Red Mountain Apartments, a new urban multi-family project, with a planned start in April of 2017 in Glenwood Springs, Colorado.

(December 9, 2016) – Chicago-based Stoneleigh Companies, in partnership with Realty Capital Management, LLC, plan to build five, 4-story multi-family buildings adjacent to the Glenwood Meadows Market Street. The buildings will consist of 182 multi-family units, with garages, covered parking, a full amenity package with the latest residential designs to provide a complete rental living community for area residents. The multi-family units will range from approximately 508 square feet to 1,241 square feet and feature studio, one, two, and three bedroom units. The project will also include common area amenities and complementary commercial space on the ground level of the building fronting Market Street.

The Master Development Application for Phase 1 of The Lofts at Red Mountain gained approval last winter. Realty Capital has been working with the City of Glenwood Springs to make the project financially viable through an in-depth analysis of City infrastructure and impact fees. “We are pleased to bring such a quality development partner on board for The Lofts at Red Mountain. Stoneleigh Companies has a long track record of success across the United States and understands the demand for quality housing on the western slope.” said Richard Myers, Managing Director of Realty Capital.

The Lofts will bring an urban lifestyle to the Glenwood Springs community and will offer units and amenities that have not been available before now. The project is located in the Glenwood Meadows development, next to the Community Center, RFTA stop, and the Glenwood trail system.

The Lofts will be a Class A apartment community with high-end finishes and common amenities. Amenities will consist of a state-of-the art clubroom, fitness center with yoga/TRX studio, business center, electric car charging stations, heated outdoor pool, outdoor kitchen/bar/grill pavilion with a fire pit. Each unit will include nine foot ceilings, wood flooring in entries and great rooms, stainless steel appliances, granite countertops, espresso shaker style cabinets, designer tile backsplashes, walk-in closets, full-size washer and dryers, and balconies with picturesque mountain and valley views.

“We are very excited about the opportunity to bring Class A urban lifestyle apartments to Glenwood Springs,” commented Rick Cavenaugh, President of Stoneleigh Companies. “With high-quality finishes and outstanding amenities, The Lofts at Red Mountain will set the new standard for apartment living in the mountains. Glenwood Springs is a growing community and we want to deliver a quality development that will help sustain that growth.”

“The western slope market has been significantly underserved in new multi-family construction, and there exists a pent up demand for housing in Glenwood Springs. The Lofts will meet this demand while still remaining affordable to area residents. Stoneleigh has excelled at providing quality construction, delivering residents a very high level of service with a focus on creating living environments residents are proud to call home,” said Rick Cavenaugh.

About Stoneleigh Companies
Based in Chicago, Stoneleigh Companies is a private real estate investment company focused on acquisition and development of multifamily properties, with a track record of over 40,000 multi-family units in 35 cities and 18 states over the last 33 years. The principals and officers of Stoneleigh are experienced in all aspects of commercial real estate development, finance, and operations and have been operating on a national platform since the early 1980’s.
For more information, visit www.waterfordresidential.com.

About Realty Capital Management, LLC
Realty Capital was founded in 1987 and over the past 29 years has developed over 3,500 residential units and more than one million square feet of commercial buildings. In 2011, Realty Capital became an employee-owned firm with Richard Myers, Jimmy Archie and Tim Coltart serving as Managing Directors. Realty Capital is currently partnered with industry leaders including Hillwood Communities, Stratford Land, Granite Land and Avanti Properties in development of multi-million dollar mixed-use projects across the Southwest.
For more information, visit www.rcpinvestments.com.

Download the Stoneleigh Release PDF

One Uptown – CultureMap

Looking for a new apartment? These are the top 5 properties for 2017.

CultureMap | November 25, 2016

The only thing better than living in a swank apartment in the hottest part of Dallas is moving in right before the building becomes the new “it” locale. But how do you find that perfect urban homestead, before everyone else is clamoring to live there too?

You talk to Dallas Apartment Locators, located above Mi Cocina in the West Village, who for eight years have been helping Dallasites and Texas transplants nail down their ideal new home, often with bonuses like free rent that otherwise might have gone unclaimed. These licensed Realtors take into account your preferences for area, budget, amenities, and timeline, and can find exactly what you’re looking for — all for free.

Few know the local apartment market like they do, so Dallas Apartment Locators shared some inside info on the top five most up-and-coming communities. Take note, for you might be reading about your new home.

One Uptown
The newest high-rise in Uptown has everything from studios to penthouses available in its distinctive 20 stories. City views, walkability, easy access to bars and restaurants, Whole Foods just down the street — the hashtag #OneUp says it all. It’s also home to a Dallas first: a glass-bottom pool, which complements the Sky Deck on the building’s rooftop. Two hospitality suites make hosting out-of-town guests a breeze, especially with the help of the 24-hour concierge.

One Uptown – Commercial Real Estate Network

Commercial Real Estate Network magazine | December 2016

Located on McKinney Avenue in the heart of Uptown Dallas, the distinguishing curved glass architecture (created by famous Dallas architect, Phil Shepard) was artfully crated to embody the vivacious spirit of the neighborhood. Residents will enjoy an all-in-one, first-class living experience in a premier location that includes luxury amenities, modern floor plans and easy access to all the best parks, restaurants, nightlife and shopping Uptown has to offer.

One Uptown also has the highest walkability score in the city, making it the perfect location for anyone seeking an active urban lifestyle. It is conveniently located next to Klyde Warren Park, the Katy Trail, Whole Foods, the newly expanded McKinney Trolley, and a high concentration of fine dining and nightlife hot spots in Dallas.

“One Uptown offers comfortability, convenience and luxurious homes in one of Dallas’ most sought-after neighborhoods,” said CEO Rick Cavenaugh of Stoneleigh Companies, a national multi-family investor and development company.Microsoft Word - Document2

Switchyard – Dallas News

Carrollton transit-oriented development will include downtown apartments

Dallas News | Steve Brown | November 14, 2016

Developers have gotten the planning go-ahead to build a new transit-oriented development in downtown Carrollton.

Stoneleigh Cos. — which is building one of Uptown Dallas’ new apartment towers — and Realty Capital will develop the four-story, 234-unit Switchyard apartment community on Broadway Street at College Avenue, just east of Interstate 35E.

The planned rental project is across the street from the downtown Carrollton DART commuter rail station. And the site is at the crossroads with the planned Cotton Belt passenger rail line, which will run to Dallas Fort Worth International Airport.

“We’re looking to break ground in February,” Stoneleigh CEO Rick Cavenaugh said.

He said construction of the two buildings should take 16 to 18 months. Carrollton’s planning and zoning commission recently approved the development.

EDI International is the architect for the project.

Stoneleigh is just finishing its 20-story One Uptown apartment high-rise on McKinney Avenue in Uptown. And the developer has another new rental community in the works just north of Main Street in Frisco.

Stoneleigh’s project will be the second urban rental community built at the downtown Carrollton DART station.

Developer High Street Residential constructed the 311-unit Union at Carrollton Square starting in 2012.

Carrollton – Dallas News

DART votes to fund both downtown subway and suburban rail

Dallas News | Julie Fancher | October 26, 2016

A sea of yellow and green — supporters of the Cotton Belt rail line in yellow and downtown subway in green — filled the Dallas Area Rapid Transit board meeting Tuesday night as officials finally voted on their 20-year financial plan that had left many wondering which long-term project the board would support. It was standing room only as the DART board voted 12-3 to fund both the Cotton Belt rail line and the subway version of a second downtown light rail, known as the D2 subway, as part of their 2017 20-year financial plan. The Cotton Belt has long been seen as providing a necessary east-west transit connection between northern suburbs, the airport and existing north-south rail lines that currently connect only in downtown Dallas. Recently it had been considered as part of DART’s 2035 financial plan, even though DART had promised an east-west corridor since its creation in 1983. DART officials expect to complete the projects in the next six years. Both projects would cost more than $1 billion each.

One Uptown – Crain’s

As One Uptown tower rose from the ground, so did rents in red-hot market

Crain’s | Nicholas Sakelaris | October 21, 2016

The record rainfall that deluged Dallas in spring 2015 happened just as Stoneleigh Companies was digging a hole for its six-level parking garage in Uptown, and forced a five-month delay in the early days of construction for the new One Uptown tower at the corner of McKinney Avenue and Routh Street.

Now, it’s a blessing in disguise, said Rick Cavenaugh, president of Stoneleigh Cos.

All around Uptown Dallas, new apartments were being built, occupancy rates were rising, demand was soaring and so were the rents.

Uptown Dallas Inc. estimates there are 10,000 apartments in Uptown with an occupancy rate of 96 percent. Another 1,700 units are under construction now that will add another 2,500 residents by 2018.

The population in Uptown has grown 55 percent in six years. And 45 percent of those residents are ages 25 to 34.

With that picture in mind, Cavenaugh saw an opportunity to do an even more luxurious finish to in the 198-unit, 20-story tower. More wood floors, better cabinets and the latest closet organizers.

“That helped us catch up to the market, so we started upgrading the building,” he said as he gave Crain’s Dallas a tour of the site.

He’s watched the Uptown rental market evolve over the last few years from five to-seven-story apartment units to luxury towers that offer exclusive views of the city.

“The crowds here on Thursdays, Fridays and Saturdays are crazy. This is ground zero for all of that,” Cavenaugh said, referring to the bars and nightlife on McKinney Avenue. “All of the sudden, it showed that there was a demand for rental units and high-rise living.”

As a result, One Uptown can now charge higher rents when it opens in early 2017. Residents will pay between $3 a square foot for the smallest studio units to $5 a square foot for the penthouse units that look southwest toward the downtown Dallas skyline.

With the new Whole Foods on McKinney Avenue, tons of restaurants and sleek new offices, Uptown Dallas has become its own self-contained community, said Katy Slade, who chairs the Uptown Dallas Inc. board.

The ability to live, work and play in a walkable area appeals to the younger demographic and empty nesters, she said.

“With all the job growth that’s happening in this market, a lot of people who are moving to Dallas area realizing that they want to live in Uptown,” Slade said. “Now it has a very dynamic set of housing opportunities and also office opportunities that are here so that people really want to be in this location.”

One Uptown will also feature a Fogo de Chao Brazilian Steakhouse and a Tuscan-inspired restaurant called Circo.

Circo, expected to open this spring, will be a two-story restaurant with a glass-bottom swimming pool. Drivers who use the valet service on Routh Street will be able to look up and see the swimmers through the glass above. The restaurant will have a locker room where diners can change into their swimsuit. A spiral staircase will connect the first and second floors.

Fogo de Chao will have outside dining and a circular skylight above the salad bar.

The northwest corner of the building will feature LED lights that change colors, synced with the lighting at the Circo pool and the resident-only swimming pool and cabana on the 20th floor.

The luxury finishes are just now being installed at One Uptown while other complexes, like the nearby Gables Park 17, already have residents in place. Instead of restaurants, the Gables has the Whole Foods grocery store on its ground floor.

Competition between these complexes and a host of others will be fierce and will only increase as more are built. But Cavenaugh said he’s encouraged by the absorption rates in Uptown, Victory Park and the Knox-Henderson area.

“That’s going to create additional supply in the marketplace,” he said. “Yes, it will affect us—because there are only so many people as the market grows and continues to thrive—but this is the best of the best compared to everybody else’s finishes.”

Nolan Marshall just moved his wife and one-year-old from New Orleans to Dallas a few weeks ago to take over as president and executive director of Uptown Dallas Inc.

While people think of Uptown as being a millennial magnet full of young professionals, Marshall said he’s noticing more parents with young children like himself.

“As young professionals age, we’ve seen a real ability for Uptown to retain that demographic once they start having children,” he said.

That means planners need to change the way they look at Uptown Dallas infrastructure, including roads, schools and parks, he said.

Uptown Dallas Inc. is leading an effort to transform all of McKinney and Cole avenues into two-way streets to slow down traffic. Currently, the eastern portions of McKinney Avenue are one way.

“When you have increased density, you have to make sure pedestrians are safe to walk along the street,” Marshall said. “Making sure traffic isn’t speeding through the area is one of the priorities.”

They also want to keep the nearby urban oasis, Griggs Park, as a family-friendly park.

Carrollton – Dallas Business Journal

Drug firm to add more than 1,000 jobs with new $113M Carrollton campus

Dallas Business Journal | Candace Carlisle | October 19, 2016

AmerisourceBergen Specialty Group has decided to consolidate its North Texas workforce within a new $113 million, 40-acre campus in Carrollton, which will also make room for the company to add more than 1,000 employees.

The Pennsylvania-based wholesale drug company had been looking for a new regional home for several months until it found a new home at the Offices at Austin Ranch at Parker Road and Plano Parkway in Carrollton.

In all, AmerisourceBergen plans to add 1,039 new employees in the next decade, which highlights the company’s business growth, Andrea Roy, the economic development manager, told the Dallas Business Journal.

“This will grow their workforce by a third,” Roy told me. “They will initially bring 1,184 employees to the new facility in 2019 with another 800 employees coming in a second wave in the next two to three years.

“The remainder of those employees will be additional newhires over a 10-year period,” she added.

Carrollton expects AmerisourceBergen will employ up to 3,023 workers and the city’s economic development group plans to offer the firm up to $1.9 million in grant money for the workers.

The average annual salary is $72,000. Carrollton is also offering the company a 75 percent tax abatement on business personal property (expected to be $15 million) for 13 years.

The city is also offering the developer, Billingsley Co., a 75 percent tax abatement on real property improvements (expected to be $113 million) for 13 years.

AmerisourceBergen signed a 12.5-year lease with BillingsleyCo. for the 300,000-square-foot build-to-suit development. For the duration of the deal, Carrollton expects a net return-on-investment from the economic incentive deal totaling $4.8 million.

“I think they really fell in love with the property,” Roy told me. “It’s a beautiful property with a park-like setting for a campus. They plan to enhance the lake and it has walking trails.

“It’s also still close to everything and is somewhat affordable for their employees,” she added.

AmerisourceBergen was not immediately available to comment further about the deal or the company’s growth. Gensler is the project architect.

In a written statement, James Frary, an executive vice president of the company said, “As our business grows so do the needs of our associate population.

“To that end, we are excited to continue our role as an active member of the greater Dallas-Fort Worth Metroplex in a new Carrollton office that is custom built to support our talented and expanding workforce.”

One Uptown – PaperCity Magazine

The Foodie High-Rise: New Uptown Tower Includes Two New Fancy Restaurants

PaperCity Magazine | Samantha Klaassen | October 17, 2016

The luxurious lifestyles of Dallas’ Uptown residents will soon be complemented by One Uptown, a curved-glass, high-rise residential tower set to open on McKinney Avenue in January 2017.

The 20-story building will include close to 200 modern residences with a slew of must-have amenities: private balconies, floor-to-ceiling glass windows, and state-of-the-art climate control systems, plus community amenities including a 9,000-square-foot deck and lounge, Uptown’s only rooftop pool, and a private fitness studio.

Two new restaurants are also part of the chic complex — five-star European restaurant Circo (its first U.S. location), and internationally renowned steakhouse Fogo de Chão.

One Uptown, 2619 McKinney Ave., 214.468.0001.

Waterford at Frisco – Community Impact

Construction begins on new four-story apartment community in downtown Frisco

Community Impact | Nicole Luna | October 13, 2016

Construction has begun on a new four-story apartment community in downtown Frisco.

Stoneleigh Companies broke ground on Waterford at Frisco, a 381-unit apartment community that will be located off Main Street near Toyota Stadium.

“[Frisco] is one of the fastest growing and most sought after suburbs of the north Dallas area,” Stoneleigh Companies President Rick Cavenaugh said in a news release. “The lifestyle benefits with the Toyota Stadium us as excellent fundamentals for the addition of Waterford at Frisco to the residential choices to new and existing residents.”

Waterford at Frisco will feature luxury apartment in two four-story wrap buildings, a private access parking garage and more than 9,000 square feet of retail and restaurant space.

EDI Architecture is the project architect, and Aurora National Life Company is the construction lender.

Waterford at Frisco – Dallas Business Journal

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.

Waterford at Frisco – Dallas News

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 – The Paper

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 – REBusiness Online

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.

Waterford at Frisco – Frisco Online

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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One Uptown – Dallas Business Journal

Le Cirque sister restaurant to open with luxury Uptown tower’s debut

Dallas Business Journal | Candace Carlisle | October 11, 2016

A sophisticated Italian restaurant is expected to premiere with the opening of luxury apartment tower One Uptown in early 2017.

Circo, sister to New York’s acclaimed French restaurant Le Cirque, will open to the public in January with Tuscan-inspired dishes on the first two floors of the 20-story tower on the corner of McKinney Avenue and Routh Street in Uptown.

Circo’s cuisine will be accompanied by a glass-bottom pool that will sit atop the valet area of the building on Routh Street. In all, Circo and Brazilian steakhouse Fogo de Chao Churrascaria will occupy about 18,000 square feet of restaurant space within the building.

The Dallas-based based steakhouse concept will also have outdoor patio dining and the open kitchen will showcase its churrasqueira grill.

The two restaurants are slated to open with the grand opening the 20-story residential tower, called One Uptown, in January.

Illinois-based Stoneleigh Cos. LLC, in conjunction with Dallas-based USA Infrastructure Investments LP, are behind the development of the curvy glass facade tower, which will give residents another option for luxury living in the walkable neighborhood with 196 market-rate apartments.

One Uptown’s apartments are expected to hit the market at $3 per square foot, with penthouse units on the 17th, 18th and 19th floor expected to lease for a premium.

“We didn’t want just a square box on the corner, but one with a graceful flow that goes up the building,” Stoneleigh CEO Rick Cavenaugh told the DBJ on a hard-hat tour this summer. “It makes for a strong statement of the building, which the site demanded the structure to be.”

Hunt Construction Group is the project’s general contractor. Dallas-based Humphreys & Partners is the tower architect.

The building’s glass curve design was created by famed Dallas architect Phil Shepard.

The tower will include a rooftop pool with a 9,000-square-foot Sky Deck and Lounge with unobstructed views of the Dallas skyline.

Other amenities include a fire pit, demonstration kitchen, entertainment rooms, private fitness studio and two hospitality suites available for out-of-town guests.

One Uptown – Bisnow

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.

Adaptation
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.

Site Location
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.

Architecture
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.

Pools
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).

Next!
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.

Waterford at Frisco – Stoneleigh Companies, LLC

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.

Download the Stoneleigh Release Construction Begins On Waterford At Frisco Newest Premiere Apartments Near Frisco Square PDF

Waterford Trails – Stoneleigh Companies, LLC.

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.

Download the Stoneleigh Release Stoneleigh Companies Announces The Opening Of Waterford Trails Apartments In Spring, Texas PDF