SkyHouse Frisco Station Tops Out

Luxury High Rise Reaches Halfway Point, Delivery Expected in Fall 2019 

Frisco, Texas (December 20, 2018) — Construction crews

SkyHouse Frisco Station

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.

About BCDC

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.

About Stockbridge

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.

The NINE @ Gainesville Opens

Resort-style off-campus student housing delivers on schedule, reaches 100 percent occupancy 

The NINE @ Gainesville, a highly amenitized off-campus student housing development serving undergraduate and post-graduate students of the University of Florida, delivered as scheduled for the 2018 academic year.  

908 Group, Batson-Cook Development Company (BCDC), and Kayne Anderson Real Estate Advisors jointly developed The NINE @ Gainesville. Located less than a quarter mile from campus along the 13th Street corridor, and directly across the street from UF Health Shands Cancer Hospital, the wood-frame project has 1, 2, 3, 4 and 5-bedroom fully furnished apartments. Each features private bathrooms, in-unit washers and dryers, stainless steel appliances and private balconies. There are a total of 627 beds and 216,540 square feet. 

The project has a resort-style swimming pool, state-of-the-art fitness center, interactive study rooms and community café and club room. There is a secured, structured parking deck with 420 spaces.

Asset Campus Housing provided third-party leasing and property management services for the project.  Student excitement and demand was strong from the beginning with the project achieving lease-up several months prior to occupancy.    

“The NINE @ Gainesville has been a compelling project from the beginning, with excellent partners in 908 Group and Kayne Anderson, and a well-located piece of property,” said Litt Glover, CEO and President, BCDC. “We couldn’t be more thrilled about the early success, and we know it will be the preferred place to live for University of Florida students for many years to come.” 

Kayne Anderson Real Estate Advisors, BCDC and 908 Group provided equity and PNC Bank provided construction financing. Arco Murray Construction Co. was the general contractor. The architect was Forum Architecture.  TSB Capital Advisors consulted 908 Group and BCDC Company on the joint venture with Kayne Anderson, and assisted with procuring the senior loan through PNC Bank.

About BCDC

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. Visit www.batsoncookdev.com from more information. 

About 908 Group

908 Group is a boutique real estate development services firm specializing in urban infill, multifamily and mixed-use projects. The firm’s focus is to create highly unique properties and innovatively functional living spaces through the utilization of cutting edge architecture, design and technology. A primary point of emphasis is for each distinctive project to achieve a delicate balance between form and function. It focuses on developing institutional-quality apartment communities, concentrating on markets that exhibit underserved housing needs, while utilizing “best in class” planning and construction practices, emphasizing high-end finishes, distinctive design elements and a full complement of amenities. Visit www.908group.com for more information about the firm.

About Kayne Anderson Real Estate Advisors

Kayne Anderson Real Estate Advisors is a leading real estate private equity investor in off-campus student housing, senior housing and medical office buildings. Kayne Real Estate has raised dedicated real estate private equity funds totaling approximately $5 billion in commitments. Kayne Real Estate is part of Kayne Anderson Capital Advisors, L.P., a $26 billion alternative investment management firm (AUM as of 3/31/17) with more than 30 years of successful experience in the energy, infrastructure, growth capital, real estate, and middle market credit sectors. For more information, visit www.kaynecapital.com/strategies/real-estate-private-equity.

ECFMG Signs 24,000-Square-Foot Office Lease at Gateway Center Two, Near Hartsfield-Jackson International Airport

Grove Street Partners, in a joint venture with Batson-Cook Development Company (BCDC), has broken ground on the phase II office building at Gateway Center, inking a lease with ECFMG, a Philadelphia-based non-profit medical certification and training provider, for 24,000 square feet – a full floor – of the 51,000-square-foot Gateway Center Two office building near Hartsfield-Jackson International Airport.

Grove Street Partners has a long history of developing at Gateway Center, having recently completed the Renaissance Hotel, as well as the 128,396-square-foot Gateway Center One office building, Marriott Hotel and SpringHill Suites Hotel. 

“We’re pleased to be adding some much-needed Class A office space to this submarket,” said Grove Street Partners President Kevin Kern. 

Gateway Center Two marks the first JV between Grove Street Partners and BCDC.

“We take great pride in partnering with the best-in-class developers throughout the country, and the team led by Kevin Kern at Grove Street Partners is no exception,” said Litt Glover, President and CEO, BCDC. “We love the project, and love the location close to the world’s busiest airport, and we are thrilled to have ECFMG as our first tenant.”

Lee Evans of Colliers International Atlanta represented Gateway Center Two in the transaction. CRESA’s John Behm, Jim Byrd and Jason Jones represented the tenant.  Alfie Means, Wilson Rogers and Jimmy Warren of iCap Realty Advisors arranged financing with Protective Life Insurance Company.

Gateway Center is the only office development in the area offering direct connectivity to Hartsfield-Jackson International Airport and MARTA via a 1-minute, 50-second free Atlanta SkyTrain ride. The new building will be walkable to three hotels containing 754 rooms and three restaurants.

About Grove Street Partners 

Grove Street Partners, LLC is a premiere real estate development, management and leasing company that focuses primarily on office, industrial and hospitality properties. Founded in 2004, the firm has more than 90 years of combined experience among its partners, and has established a major presence in the Southeastern real estate market. For more information, visit http://www.grovestreetpartners.com. 

About BCDC

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. For more information, visit www.batsoncookdev.com.

About Colliers International Group, Inc.

Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is an industry-leading global real estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals serving clients in the world’s most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. 

New apartment tower will be Frisco’s tallest building

Construction has started on a luxury apartment tower that will be the tallest building in Frisco.

Atlanta developer Novare Group bought a site from the developers of the Frisco Station project for the 25-story residential rental building along the Dallas North Tollway.

Novare Group’s SkyHouse Frisco Station is the first high-rise residential building started north of State Highway 121. Novare is building it in partnership with Batson-Cook Development.

FINISH READING 

Tampa Luxury Condo Tower Breaks Ground

Ascentia Development Group and Batson-Cook Development Co. broke ground on Virage, a 24-story, 71-unit luxury condominium tower in Tampa. Smith & Associates Real Estate  has already signed more than $75 million worth of contracts for residences. The development was financed by City National Bank of Florida and is slated for completion by 2019.

“We are off to a remarkably fast start, especially as more people who live in single-family homes are now looking closely at the peace of mind and ease of luxury condominium living,” said Jay Tallman, principal of Ascentia Development Group, in prepared remarks.

Virage, situated at 3401 Bayshore Blvd., will feature two 6,700-square-foot penthouses with 360-degree views of Hillsborough Bay, South Tampa and downtown. The following four floors are devoted to two 4,400-square-foot apartments per floor. The rest of the residences range in size between 2,400 and 3,300 square feet. Each apartment features a private elevator entrance and 10-foot ceilings. Community amenities include:

  • infinity-edge pool overlooking Bayshore
  • wellness center
  • pet grooming facilities
  • 24-hour reception

Prices vary between $1 million and $5 million. Out of the 71 residences, 61 are priced between $1 million and $2.5 million, while the larger units and the penthouses range between $3 million and $5 million.

 

Batson-Cook Development Company Tops Out SkyHouse Nashville

Nashville (May 2, 2016) — Batson-Cook Construction will ceremonially top out SkyHouse Nashville on Friday, May 6, meaning the structure on the top floor of the 25-floor luxury apartment building in the heart of midtown Nashville has been completed.

The development team of Novare Group, Simpson Housing and Batson-Cook Development Company broke ground on the high-rise in July of 2015. The building is expected to be delivered by the end of the year. Information is available at www.skyhousenashville.com.

When it is complete, SkyHouse Nashville will rise 25 stories with 352 apartment homes and more than 10,000 square feet of retail space along Broadway, 17th Avenue and Division Street. It will also boast one of the highest amenity decks in the city, the signature SkyHouse, on the top floor complete with a luxurious club house, state-of-the-art fitness facilities, swimming pool and an outdoor kitchen all with 360-degree views of the Music City.

“SkyHouse 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 world-class building located in the heart of midtown” said Jim Borders, President, Novare Group.  “Batson-Cook Construction has been working carefully and methodically to deliver this high quality building in an expedient manner.”

SkyHouse Nashville residents will enjoy stylish apartment living – walkable to work and to Nashville’s best dining, entertainment and music venues. The building’s onsite retail and commercial spaces will add even more to the desirable urban lifestyle the renter-by-choice desires.

SkyHouse Nashville will include studios, one, two, and three bedroom homes with high-end finishes, floor-to-ceiling glass and private balconies. The project will also have a bike repair shop and bike storage, a dog walk area and a dog wash area. SkyHouse projects are environmentally sustainable and Energy Star certified.

When completed, SkyHouse Nashville will be the 15th SkyHouse delivered by the partnership this cycle, following projects in Atlanta, Austin, Dallas, Houston, Charlotte, Tampa, Denver, Orlando and Raleigh. The program has started or delivered more than $1.5 billion in new mixed-use development. Led by Jim Borders and Novare Group, the SkyHouse team includes Simpson Housing, co-sponsor Batson-Cook Development Company, general contractor Batson-Cook Construction and architect Smallwood, Reynolds, Stewart, Stewart. US Bank and Union Bank are providing construction financing.