New Active Adult Community Coming to Frisco
- Feb 19, 2015
The city council of Frisco unanimously approved the issuance of $70 million in tax-exempt bonds for the development of WholeLife Frisco™, an active adult community. The approval followed a public TEFRA hearing (Tax Equity and Fiscal Responsibility Act), a prerequisite for tax-exempt private-activity bonds.
The active adult community will be developed by WholeLife Cos. in two phases. Phase I will include 176 individual cottage- or bungalow-style residences and a clubhouse, to be constructed on a 122-acre tract southwest of the Witt Road/King Road intersection.
The new homes will average 1,800 square feet and will feature such amenities as two-car garages, open floor plans, gourmet kitchens, extensive landscaping and expansive closets and storage areas. Residents will have access to The WholeLife Club, a private facility that will include a modern fitness center, a resort-style pool and various other entertainment areas.
According to the company’s official website, it is currently working on two other projects: the 156-unit WholeLife Cibolo Canyons community in San Antonio and the 104-unit WholeLife Chattanooga community in Chattanooga.