An El Paso developer is teaming up with a local real estate firm to build a luxury rental project in Frisco. Hunt Cos. said it has formed a partnership with Dallas’ Pegasus-Ablon Development to build the 252-unit apartment complex. The Ablon at Frisco Bridges project will be constructed east of the Dallas North Tollway and north Stonebriar Center mall.
Hunt executive vice president Ryan W. Luxon said the development is in “one of the nation’s most compelling and dynamic growth areas.” The apartment community is scheduled to open late this year.
Hunt Cos. is a 65-year-old developer and property investor that has done projects across the U.S. The company has developed 89,000 housing units plus office, retail and industrial buildings.
Pegasus/Ablon is a private commercial real estate development firm that has managed redevelopment of properties in Dallas’ Design District.