Luxury High Rise Reaches Halfway Point, Delivery Expected in Fall 2019
Frisco, Texas (December 20, 2018) — Construction crews
ceremonially topped-out SkyHouse Frisco Station today, as the construction team completed the 25th floor of the 25-story, 332-residence luxury tower at the Hub at Frisco Station.
The milestone signals the high rise apartment building is halfway to completion. It is expected to be delivered in September 2019 with leasing starting in the summer. The development team of Novare Group, Batson-Cook Development Company (BCDC) and Stockbridge Capital Group broke ground on the tower in February 2018.
“SkyHouse Frisco Station is on schedule, and we are pleased to be that much closer to offering residents the opportunity to be among the first to live in this unique building centrally located in the Hub, the centerpiece of Frisco Station,” said Jim Borders, President, Novare Group. “Balfour Beatty and the entire construction team is doing an excellent job delivering a major project in a safe and expedient manner. We are excited to reach this important milestone.”
The tower will feature studios and one, two and three-bedroom apartments, with a top-of-market Sky Deck on the 25th floor, including a resort-style pool, an outdoor kitchen, fireplaces, lounge seating and TVs, a pool table and demonstration kitchen.
SkyHouse amenities will include a state-of-the-art 24-hour gym, yoga, Pilates and cross-training room, dog spa, controlled access entry, parking garage, fully equipped business center with gourmet coffee bar, and conference room with Apple TV and WiFi in the common areas.
Residents of SkyHouse will live within The Hub, Frisco Station’s centerpiece designed with more than 200,000 square feet of unique food and beverage concepts, innovative entertainment options and diverse retail selections.
The Hub is distinctive from other retail districts through its integration of activated parks and open space, and connectivity to the development’s office, medical and residential platforms. The Hub will feature a dual-brand AC Hotel and Residence Inn, both by Marriott, and a Canopy by Hilton, and ultimately include 600 total hotel rooms.
Novare Group and BCDC are sponsoring SkyHouse Frisco Station in a venture with Stockbridge Capital Group, with Compass Bank and Trustmark Bank providing the construction financing.
The luxury apartment tower is the 18th SkyHouse-branded project by the Novare/BCDC partnership, following other projects in Texas as well as Florida, Georgia, North Carolina, Tennessee, and Colorado. The program has delivered more than $1.8 billion in new mixed-use development this real estate cycle.
Led by Jim Borders and Novare Group, the SkyHouse Frisco Station team also includes general contractor Balfour Beatty Construction and architect Smallwood, Reynolds, Stewart, Stewart.
About Novare Group
Novare Group is a real estate development and investment company headquartered in Atlanta, Georgia. Since 1995, Novare Group has developed over 14,000 residences in 43 developments in the United States. Learn more by visiting www.novaregroup.com.
Founded in 1963, Batson-Cook Development Company is a wholly owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia Batson-Cook Development Company offers a wide variety of real estate services from development and construction, to equity and credit enhancements, to brokerage and property management. Learn more by visiting www.batsoncookdev.com.
Stockbridge Capital Group is a real estate investment management firm headquartered in San Francisco, California with offices in Atlanta, Chicago and New York. The firm’s portfolio is comprised of assets across the risk spectrum, spanning all major property types throughout the United States. As of December 31, 2017, the firm’s total assets under management were $11.3 billion.
About Frisco Station
Frisco Station is a 242-acre mixed-use development in Frisco, Texas, created with a new approach to urban design based on the foundational principles of smart, creative and healthy experiences. The proposed development is located along the Dallas North Tollway and to the north of Warren Parkway surrounding the new Dallas Cowboys Star development and world headquarters complex. Frisco Station will feature fully amenitized office, residential, retail, restaurant and medical uses. The project is being developed by the Frisco Station Partnership, which is composed of The Rudman Partnership, Hillwood and VanTrust Real Estate.