Stoneleigh Construction Company brings three new apartment complexes to Texas.
Construction Today | Kat Zeman | October 4, 2017
When it comes to providing luxury living, Stoneleigh Construction Company knows how to bring it. The Barrington, Ill.-based company is bringing not just one but three new luxury multifamily developments to Texas.
The firm finished construction on a 340-unit apartment complex in June and has two more luxury complexes under construction, with a targeted completion date in 2018. “Right now, Texas happens to be a great market,” President Steve Niles says.
Aside from Texas, Stoneleigh has developed projects in Arizona, Colorado, Nevada, Florida and Illinois. Its newest development, a $33.5 million apartment complex of 16 buildings in Spring, Texas, is ready for occupancy. Waterford Trails is a 340-unit luxury complex that features two- and three-story garden-style buildings with an assortment of amenities. “I think its architecture is timeless,” Niles says. “We’ve tried to introduce a lot more single-family detached residential details and material applications.”
The apartment community offers one-, two- and three-bedroom units with stainless steel appliances, custom closets, granite or quartz countertops, maple wood cabinetry and luxury vinyl hardwood floors. Select units include private fenced-in “puppy patios” and attached garages.
Outdoor amenities include two barbecue pavilions, a covered open-air living room with an 80-inch outdoor HDTV, fireplace and a resort-style pool with tanning ledge and poolside cabanas. The complex also features a clubhouse, an intimate wine room with reserved wine lockers, cyber café, full demonstration kitchen and two lounge areas with a television and Wi-Fi access. Its 1,300-square-foot fitness center is equipped with Precor fitness equipment and state-of-the-art HD entertainment consoles that offer 150 channels of entertainment programming.
Stoneleigh recently saw an opportunity to bring another luxury apartment community to one of the fastest-growing and most sought after-suburbs of Dallas. A 585-unit apartment complex is under construction on roughly 10 acres in downtown Frisco. The $98 million complex is a two-phase project called Waterford Market.
The first phase includes the construction of a 381-unit building, slated for occupancy in 2018. Phase two, a 306-unit building, will follow in fall 2019. “Waterford Market is a part of the Frisco master plan,” Niles says. Stoneleigh box
The two buildings will be a part of the city’s master plan that calls for additional office space, retail shops, residential developments and parks in the heart of downtown. “This creates another central core area,” Niles says. “All of that will become available to our residents within walking distance.”
The city has experienced unprecedented growth over the past decade and currently has more than $5 billion of commercial development underway which will create demand for institutional-quality apartment homes. The amenities at Waterford at Frisco will be unique in the North Dallas market, Niles says.
Adjacent to a retail park as well as a Frisco Fresh Market, the new complex will have a mixture of indoor and outdoor living amenities. Features include club rooms, game rooms, internet cafes on the second floor, outdoor patios, healthy snack vending machines, a dog wash area, and bike storage and repair facilities. Each building will also have a state-of-the-art fitness facility with 145-channel HDTV-equipped cardio equipment and a spin and yoga facility within an open-air environment that connects with each building’s pool deck and outdoor courtyard facilities.
Another luxury complex is under construction in Carrollton, Texas. This $27.5 million, 232-unit apartment complex will feature two buildings that sit on roughly four acres of land strategically located at Interstate 35 and near the DART Rail Downtown Carrollton Station.
Units inside the Switchyard complex will feature stainless steel appliances, custom closets, granite or quartz counters, maple wood cabinetry and simulated hardwood floors – just as at Waterford Trails. Select units will have access to reserved tuck-under parking.
Community amenities will include a large fitness center with Precor fitness equipment, state-of-the-art HD entertainment consoles providing 150 channels of entertainment programming and a dedicated fitness-on-demand facility. The two buildings will share a tech lounge, java bar featuring freshly brewed coffee and cold brew coffee on tap, recreational lounges, a barbecue grilling area, bike storage and repair facility, dog salon and a resort-style pool with tanning ledge, a bar area and poolside cabanas.