What could be Frisco’s tallest building is about to open its doors.
The 25-story SkyHouse Frisco Station is easy to spot on the west side of the Dallas North Tollway near John Hickman Parkway.
Atlanta-based developer Novare Group broke ground for the project about 18 months ago, and is rushing to finish the residential high-rise. It’s part of the $1.8 billion Frisco Station mixed-use development.
“We have the first tenants scheduled to move in this week,” said Todd Andersen, Novare Group senior vice president. “We are scrambling to get done.”
The 332-unit apartment tower is being built in partnership with Batson-Cook Development and is Novare’s third project in North Texas. The apartment developer built two other apartment high-rises in Dallas’ Victory Park project.
“We are within two weeks of our original construction schedule, and we are slightly under budget—that’s hard to do these days,” Andersen said. Balfour Beatty Construction is the general contractor.
The Frisco tower is Novare’s 18th high-rise apartment project in the Southeast and Southwest.
“We think we have a niche that works…but this Frisco project is a little bit different from other buildings we have done.”
“We think we have a niche that works,” Andersen said. “But this Frisco project is a little bit different from other buildings we have done.
“Because of the corporate presence in Frisco, we wanted some bigger units,” he said. “We have five floors of luxe units that are larger.”
Those upper-floor apartments average just over 1,000 square feet (92 square meters), compared with an average of about 800 square feet (74 square meters) for a typical Novare high-rise apartment.
Rents in the building range from just under $1,400 for a studio unit to more than $4,000 for the largest three-bedroom, two-bath with more than 1,500 square feet.
The building has a co-working and business center on the ground floor. On the top level, there’s a tenant lounge, a fitness center, a swimming pool and several outdoor terraces.
“In the old days, amenities in these buildings weren’t used—now they are,” Andersen said.
A 3,500-square-foot (325-square-meter) first-floor space in the tower is also set aside for a restaurant or retail tenant. “We want a user that will be an amenity for our tenants,” Andersen said.
Three other large apartment communities surround the SkyHouse Frisco Station, with more on the way. “We are getting a critical mass of residents here,” Andersen said. “There is a lot of momentum in this area.
“We can provide a great housing option for people who work in the nearby offices.”
SkyHouse Frisco Station is just north of the Dallas Cowboy’s Star development. And it’s within walking distance of the new hotels, planned retail and more residential units at Frisco Station.
That wasn’t the case when the project started construction at the start of last year. “It was a little unnerving to see them still baling hay next door,” Andersen said. “It’s not as urban a location as we normally do.
“But this whole area is quickly developing.”
For more on this story, go to Dallas News.