One of Frisco Station's Developers Plans Huge New Apartment Community

One of the players in the $1.5 billion Frisco Station project is working on another large development in Frisco.The Rudman Family Partnership and builder Westwood Residential plan to develop a 500-unit apartment community on Preston Road at Brookhollow Boulevard.Westwood Residential has built multiple apartment projects in Frisco and has developments in Texas, Arizona, New Mexico and Washington state.Plans filed with the City of Frisco show that the planned Preston Road apartment project will include a dozen 3-story buildings along a broad central boulevard.The land being used for the new rental community has been owned for decades by Rudman Family Partnership."This tract is part of the original 700-acre block that Mr. Rudman bought back in 1962," said Trey Sibley, general manager of the Rudman Partnership, which has 17,000 acres in North and Northeast Texas. "We have had the multi-family zoning since 1997 and are just now getting around to it."We have done two other apartment projects with Westwood in this area."Rudman also owns the 240-acre tract near the Dallas North Tollway and Warren Parkway being developed into Frisco Station.The mixed-use project is being built by developers Hillwood and VanTrust Real Estate.Frisco Station is planned for 5.5 million square feet of offices, 2,400 apartments, 300,000 square feet of retail, restaurant and entertainment space and 650 hotel rooms.Construction is underway on the first office building and apartments.  Continue reading...

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