Two High-rise Residential Projects on the Boards for Frisco's Star and Station Projects

North Texas' high-rise housing boom is spreading.Last week developers broke ground on a 25-story condominium tower in downtown Dallas' Arts District.And this week, construction kicks off on a 29-story apartment tower in Plano's $3 billion Legacy West project.Now two high-profile Frisco mixed-use developments are planning for their own residential towers.The Dallas Cowboy's Star in Frisco project and the Frisco Station development next door have both added high-rise residential buildings to their plans.The 240-acre Frisco Station is planning for a 20-story "urban living" building at Gaylord and John Hickman parkways.The proposed high-rise would be part of a retail, restaurant, hotel and entertainment complex that Frisco Station developers are calling The Hub."We have had a lot of interest in this type of product so we are trying to keep all of our options open," said Trey Sibley, general manager of The Rudman Partnership, one of the partners in Frisco Station.Frisco Station developer Hillwood recently broke ground on a 4-story 300-unit apartment community called the Station House. The rental community just west of the Dallas North Tollway will be the first of almost 2,400 apartments planned in Frisco Station.Frisco Station is also constructing a 7-story office building which will open this year. And work just started on two hotels with 300 rooms.Next door at The Star, developers have filed new plans with the city for a residential building with a "minimum 17 stories."A spokesman for The Star said Monday they couldn't comment at this time on the proposed residential high-rise.Along with the Dallas Cowboys football team's headquarters and practice facility, the $1.5 billion Star project includes the 12,000-seat Ford Center athletic and event venue, a multi-tenant office building, a high-rise Omni Hotel, sports medical center, shops and restaurants.Currently there are almost a dozen high-rise residential buildings either under construction or announced in the Dallas area. Most of the projects are located in Dallas' Uptown, downtown or other close-in neighborhoods."Places like Plano and Frisco, with already established job bases plus retail and entertainment districts, are locations where the introduction of comparatively dense housing development now makes sense," said Greg Willett, an apartment industry analysts with Richardson-based RealPage. "High-rise apartments probably won't become the dominant choice in these markets, but they do make sense as an attractive option for some."  Continue reading...

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