Stillwater to start $70M multifamily in Plano

More details of Stillwater Capital’s ambitious mixed-use project in West Plano have emerged. 

The Dallas-based firm and landowner Haggard Enterprises are planning a $70 million, 569,000 square-foot apartment complex  at Spring Creek Parkway and Parkwood Boulevard, the Dallas Morning News reported. 

About 700 units are planned, which would work out to $100,000 per unit.

The multifamily project will be part of Haggard Farms, a 142-acre development that will also include office, retail, a hotel and dozens of acres set aside for a park and green space. Construction of the $20 million office building is expected to start soon. O’Brien Architects is designing Haggard Farms.

The developers aim to start construction in October, targeting completion in 2025. The site is one of the last remaining farm tracts in the north Dallas suburb.

Stillwater — led by managing partners Aaron Sherman, Robert Elliott and Rich Coady — is no stranger to large-scale developments. The firm is working on a $1 billion, 240-acre mixed-use project called the Link, next to the new PGA of America headquarters and resort in Frisco, of which Stillwater is a partner.

The firm is also planning a $40 million, 450,000-square-foot industrial complex in Austin. Most of Stillwater’s projects are in the Dallas-Fort Worth area, but it also has investments in Colorado, Nashville and Arizona, according to its website.

—Quinn Donoghue 

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