An in-progress development in Frisco is slated to get an additional residential complex estimated to cost builders $70 million.
The development in question is The Link, a mixed-use 240-acre real estate project in Frisco headed by Dallas-based Stillwater Capital. The project is located near the new PGA headquarters and resort just south of U.S. Highway 380.
According to a Monday filing with the Texas Department of Licensing and Regulation (TDLR), “The proposed scope of work includes a five-story light wood frame constructed apartment building surrounding a five-story concrete parking garage and a stand-alone fitness building.”
The design firm responsible for the development is OMNIPLAN Inc., as stated in the TDLR documents.
The multifamily complex will consist of 352 rental units spanning 573,659 square feet. Construction is set to begin on July 1, and the project has an estimated completion date of November 1, 2025.
Speaking with the Dallas Business Journal about another residential project at The Link that broke ground earlier this year, Stillwater Capital cofounder Aaron Sherman said, “We’re excited to continue the momentum in this corridor by initiating this phase of our long-term master plan.”
The new apartments are only the latest addition to The Link. Upon completion, The Link will include high-end residential properties, Class A office space, retail operations, boutique hotels, and parks.
Clay Roby, Stillwater Capital’s managing director, told The Dallas Morning News:
“The Link is one of North Texas’ largest and most dynamic mixed-use developments. The combination of PGA Frisco and The Link provides a truly unique lifestyle experience that will attract businesses, residents and leisure travelers from across the nation to enjoy the best that North Texas has to offer.”
Frisco has become quite the hotbed of development in recent years. It has gotten its share of the North Texas population boom and fostered a builder-friendly reputation, especially when compared with Dallas, where a dysfunctional permitting department has stained the city’s reputation.
Dallas’ permit backlog was so notorious last year that Texas state lawmakers are currently considering passing a bill targeting long wait times for construction permits.