Toll Brothers, through its Toll Brothers Apartment Living rental division, and Pondmoon Capital USA have announced a new joint venture to develop Mirra, a five-story, 285-unit multifamily rental community in Frisco, Texas.
Construction will begin in February. The project is being financed through a $49.5 million construction loan facility from Santander Bank N.A.
The community will consist of 285 rental apartments as well as a 447-space parking garage. The apartment units will feature luxury finishes and a best-in-class amenity package, including a state-of-the-art fitness studio, a resort-style pool, expansive coworking spaces, a clubroom, a social mail lounge, a bike lounge, and an outdoor lounge with gaming and barbecue.
Mirra is located on a 2.96-acre lot in Frisco Square Town Center, in the heart of Frisco, Texas, and is adjacent to two other properties Toll Brothers developed with other partners. The community is at the intersection of Oglethorpe and Churc
