FRISCO, TX—Building on the success of the first phase of a luxury apartment community, Emerson Court, the second phase located within Frisco Market Center, has broken ground. Emerson Court will have 312 units when completed.

It is designed to complement the successful first phase, Emerson at Frisco Market Center, which is fully occupied and has 410 units, says Silver Oak Multifamily Capital LLC, the developer of Emerson Court. The properties are located at the northwest corner of the Dallas North Tollway and Main Street.

Tim Gottsacker, managing partner for Silver Oak, tells GlobeSt.com: “We have truly created an exceptional living environment for our residents in the heart of the ever-expanding city of Frisco. Emerson Court provides us the opportunity to build on the success of phase I and we are thrilled to be in Frisco because of the exemplary school district, high-end shopping/entertainment, recreation and most importantly, access to an expanding employment base that will provide high-quality jobs for our residents.”

Emerson Court is a four-story building that will wrap around a five-story parking structure, allowing residents direct access to their homes. The apartments will feature amenities including gourmet kitchens with stainless steel appliances and granite countertops. There will be a fitness center and two landscaped interior courtyards with an outdoor pool, fireplaces, and barbecue/picnic areas.

The property will have a mix of one-, two- and three-bedroom units and monthly rents will range from $1,100 to $2,200 per month. This pedestrian-friendly community is within walking distance of shopping, dining and entertainment.

Frisco Market Center, a 100-acre mixed-use development, has added 12 restaurants since 2014. The $300 million development is anchored by Main Event and LA Fitness, and is adjacent to Frisco Square. Earlier this year, a major grocery store purchased approximately 19 acres of land along the eastern portion of Frisco Market Center for a future 100,000-plus-square-foot grocery operation.

Upon completion, Frisco Market Center will include nearly 500,000 square feet of entertainment, restaurants and retail, approximately 250 hotel rooms and more than 1,500 residents on site. The roster of tenants already in place includes Pei Wei Asian Diner, Panera Bread, Rockfish Seafood Kitchen, Pie Five Pizza Co., Mooyah Burgers, Fries and Shakes, FedEx Office, Floyd's Barbershop, Ideal Dental, Simply Fit Foods, Freebirds World Burrito, Cowboy Chicken, Smoothie King, IHop, and 54th Street Grill.

Frisco Market Center's capital partner is Chief Partners LP, a real estate investment firm based in Dallas, and developer Hermansen Land Development Inc. Emerson Court's project team includes CBG Building Company as the general contractor and BGO Architects.

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Instant Insights /

Multifamily Second Phase Capitalizes on Success of First

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