The Links at PGA Parkway, Phase Two is slated to open by Spring 2023
Dallas, TX (July 27, 2022) – Carbon Companies and Greenway Investment Company, both privately held real estate investment companies, have begun construction on a second phase of The Links at PGA Parkway luxury apartments in Frisco.
Located at 15950 Paramount Way and PGA Parkway in Frisco, The Links Phase Two will include 315 apartment units within four buildings, and its own pool, clubhouse, and amenities. Phase One, a 375-unit development which was completed in December 2021, is fully leased. Phase Two is part of The Links’ four-phase, masterplanned development, which will ultimately include 1,310 units. The community’s signature design is reminiscent of the ‘Old Course’ with modern finishes and first-class amenities including a golf simulator, a resort-style pool and designated flex spaces for remote work. Phase Two will feature 11’ ceilings in select units, smart home technology in each apartment home, and a valet living service. Additionally, as part of the developers’ agreement with the City of Frisco, a 2-acre park is the center piece of the property. The Links is surrounded by the new Fields development, the PGA of America headquarters, two 18-hole golf courses, the 500-room Omni PGA Frisco Resort, and the site of a future Baylor Scott & White hospital.
“Phase One leased up in just 6 months, and the need for upscale housing in this area still remains strong,” says Ed Garahan, Chief Executive Office of Carbon Companies. “The Links’ incredible location and best-in-class amenities will ensure it is a dynamic part of the Frisco landscape for years to come.”
The Links’ interior was designed internally by Carbon, and the development is being constructed by the Carbon’s own construction group, Carbon Landmark Construction. While Phase One was designed by Architecture Demarest, Phase Two is being designed by GSR Andrade Architects. Kimley-Horn and Associates is the Civil Engineer for both phases. Financing was provided by Origin Bank, Oakwood Bank, Simmons Bank, and Century Bank.
“We have a great relationship with Ed and The Carbon Companies, and we have really enjoyed working together to make this exceptional development come to life,” said Warrie Birdwell, North Texas President of Origin Bank. “The project has been an incredible success, and we look forward to seeing that continue with this next phase.”
Construction on The Links Phase Two has already begun, and the development is expected to deliver the first units in February 2023. Pre-leasing will begin in December 2022. The property will be self-managed by Carbon Companies.
About Carbon Companies
Based in Dallas, the Carbon Companies is a vertically-integrated real estate development firm with a wealth of experience in the multifamily, retail, and commercial sectors. Through a unique combination of business acumen, design excellence, and quality execution, Carbon has developed over 35,000 apartment units across the United States totaling over $2 billion. From acquisition to design and construction, to asset management and property management to disposition, the company has a long track record of delivering an exceptional product for residents and impressive returns for investors.
About Greenway Investment Company
Founded in 1979 by Gerald (“Jerry”) Stool, Greenway Investment Company is a privately-held real estate investment company focused on the acquisition, sale, and development of commercial real estate. Greenway’s strategic ability, insight, and ability to commit its own capital to projects ensure the long-term success of the company’s endeavors. Greenway has developed or acquired in excess of 2.5 million square feet of retail space. They have also acquired more than 2 million square feet of office space, 1.5 million square feet of industrial space, 5,000 apartment units, and more than 5,000 acres of land for development.