CBG Breaks Ground on Frisco Community
FRISCO, Texas"CBG Building Company, in partnership with Silver Oak Multifamily Capital (SOMC), broke ceremonial ground today on Emerson Court, a 312-unit luxury apartment community located 30 miles north of Dallas in the 100-acre, mixed-use Frisco Market Center. Guests from the local government, including Mayor Maher Maso; Frisco Town Center; major subcontractors; CBG; and SOMC were in attendance. This is the project's second phase, adding to an existing 410-unit community.
"Emerson Court provides us the opportunity to build on the success of Phase I and to create an exceptional living environment for our residents in the heart of the ever-expanding City of Frisco," said Timothy Gottsacker, managing partner at SOMC. "We are thrilled to be in Frisco because of the exemplary school district; high-end shopping and 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, wood-framed community featuring two interior courtyards with outdoor pool and dining areas, fitness center, and game room. Its location within Frisco Market Center is pedestrian-friendly, within walking distance of a variety of shopping, dining, and entertainment conveniences.
"CBG is excited to grow within the robust Texas market," said Jack Brown, senior vice president at CBG. "We look forward to carrying forth our tradition of high-quality multifamily construction with Silver Oak Multifamily Capital."
Adding to its Texas portfolio, CBG will also be building Vitruvian West, a 383-unit LEED Silver community located in Addison, Texas, scheduled for completion summer of 2018.
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About CBG Building Company
Through a relentless pursuit of innovation, a steadfast commitment to quality, and active collaboration with clients, CBG has been delivering award-winning communities from coast to coast for more than 25 years. CBG's professional construction team builds more than 4,000 homes each year, providing high-quality, responsive service backed by a significant bonding capacity and national resources. CBG's experience spans a diverse portfolio of geographic areas and product types, including luxury, mixed-use, and affordable housing apartments, as well as campus housing, military family communities, and senior living facilities. Together, we draw on the knowledge gained through building more than 80,000 housing units since 1992. For more information, visit www.cbgbuildingcompany.com.
About Silver Oak Multifamily Capital
Silver Oak Multifamily Capital is a Dallas, Texas based real estate investment company that serves as the General Partner (Sponsor) of a series of Real Estate Funds that are focused on making "Opportunistic" and "Value-Added" investments in well located apartment communities through the State of Texas and other select markets in the US. For more information, visit www.silveroakmultifamily.com.