Texas-based developer Hillwood is set to start work on the first 300-unit apartment community planned for the $1.5 billion, 242-acre mixed-use Frisco Station development in Dallas, The Dallas Morning News reported.
The Station House apartments will open in mid-2018 and will be the first of nearly 2,400 units planned for Frisco Station.
- Hillwood is partnering with Van Trust Real Estate and the Rudman Partnership to deliver the new apartments, which will be designed by Dallas-based JHP Architecture/Urban Design
Work began in October on a 228,000-square-foot, seven-story office building for the development while hotel developer NewcrestImage is expected to break ground on a 600-room hotel project next year. Frisco Station is part of a group of developments under construction or planned for Frisco, TX, dubbed the “$5 billion mile.”
Frisco Station is among a number of mixed-use developments going up in Texas amid a residential construction boom as the state faces population growth driven largely by robust employment and lower living costs.
The pickup in larger-scale development is attracting interest from domestic and foreign companies, with Canadian developer Empire Continental Land kicking off work this month on a project near Houston that will include 540 homes.
Dallas-based developer Republic Property Group announced last week that it has added Toll Brothers to its list of homebuilders for the first phase of its 7,200-acre Walsh master planned community in Fort Worth, TX. The development is expected to provide 15,000 homes when completed, with 580 homes in the first phase.
For more housing news, sign up for our daily residential construction newsletter.