Construction Today - November 2017 - 122
Residential | STONELEIGH CONSTRUCTION COMPANY
Lap of Luxury
STONELEIGH CONSTRUCTION BRINGS THREE NEW APARTMENT COMPLEXES TO TEXAS. BY KAT ZEMAN
hen it comes to providing
luxury living, Stoneleigh
knows how to bring it. The
Barrington, Ill.-based company is bringing
not just one but three new luxury multifamily developments to Texas.
The firm finished construction on a
340-unit apartment complex in June and
has two more luxury complexes under construction, with a targeted completion date
in 2018. "Right now, Texas happens to be a
great market," President Steve Niles says.
Aside from Texas, Stoneleigh has developed projects in Arizona, Colorado, Nevada,
Florida and Illinois. Its newest development,
a $33.5 million apartment complex of 16
buildings in Spring, Texas, is ready for occupancy. Waterford Trails is a 340-unit luxury
complex that features two- and three-story
garden-style buildings with an assortment
of amenities. "I think its architecture is timeless," Niles says. "We've tried to introduce a
lot more single-family detached residential
details and material applications."
The apartment community offers one-,
two- and three-bedroom units with stainless steel appliances, custom closets, granite
or quartz countertops, maple wood cabinetry and luxury vinyl hardwood floors. Select
units include private fenced-in "puppy
patios" and attached garages.
Outdoor amenities include two barbe-
* Headquarters: Barrington, Ill.
* Specia y: Mu ifamily developments
"Right now, Texas happens to be
a great market."
- Steve Niles, president
CONSTRUCTION-TODAY.COM NOVEMBER 2017
» Stoneleigh recently broke ground on two luxury apartment complexes in Texas.
cue pavilions, a covered open-air living
room with an 80-inch outdoor HDTV, fireplace and a resort-style pool with tanning
ledge and poolside cabanas. The complex
also features a clubhouse, an intimate wine
room with reserved wine lockers, cyber
café, full demonstration kitchen and two
lounge areas with a television and Wi-Fi
access. Its 1,300-square-foot fitness center
is equipped with Precor fitness equipment
and state-of-the-art HD entertainment
consoles that offer 150 channels of entertainment programming.
Stoneleigh recently saw an opportunity to
bring another luxury apartment community to one of the fastest-growing and most
sought after-suburbs of Dallas. A 585-unit
apartment complex is under construction
on roughly 10 acres in downtown Frisco.
The $98 million complex is a two-phase
project called Waterford Market.
The first phase includes the construction of a 381-unit building, slated for
occupancy in 2018. Phase two, a 306-unit
building, will follow in fall 2019. "Water-