Developers Deliver Dallas-Area High-Rise
- Dec 11, 2019
Developer Novare Group and equity partner Batson-Cook Development Co. have officially opened SkyHouse Frisco Station, a 332-unit high-rise community located within a $1.8 billion mixed-use development in Frisco, Texas.
The partnership first broke ground on the 25-story tower in February 2018.
Located within the 242-acre Frisco Station project, the rental tower houses a mix of studio, one-, two- and three-bedroom apartments. Resident amenities include an outdoor terrace on the 25th floor, a swimming pool, outdoor kitchen, pool table, shuffleboard, 24-hour fitness center, dog spa, parking garage, business center and conference room.
SkyHouse, located about 30 miles north of downtown, is the second residential community to rise at the Frisco Station development and one of 18 SkyHouse-branded rental communities in cities across the Southeast and Southwest developed by the Novare-BCDC partnership. So far, the venture has invested more than $2 billion in the developments.
“We were attracted to Frisco in general due to the quality of life and business-friendly environment that has resulted in tremendous job growth in the area, and we were attracted to Frisco Station due to the stellar sponsorship (Hillwood Properties, VanTrust Real Estate, and The Rudman Partnership) of the community as well as the proximity next to The Star,” James Borders, president of Novare Group, told Multi-Housing News.
North Texas boom town
Frisco Station is being developed by a joint venture of The Rudman Partnership, Hillwood Properties and VanTrust Real Estate. The development features 29 acres of green and open space and has the capacity to house more than 3,000 residents. The mixed-use community will have a 1.5 million square feet of office space at The Offices at Frisco Station and numerous retail uses at The Hub, a 55,000-square-foot shopping center.
Frisco has been a magnet for developers over the last 15 years, following the opening of several sporting and entertainment complexes including the Major League Soccer venue Toyota Stadium and The Star, an entertainment and sporting complex that serves as a training center for the Dallas Cowboys NFL team. In 2018, the U.S. Census Bureau named Frisco the fastest-growing city in the U.S., averaging 37 new residents a day.