MLG Capital has acquired The Jade at Frisco, a 424-unit Class A community in Frisco. According to Commercial Edge, the property was sold by JPI and financed with a $70.5 million Freddie Mac note set to mature in August 2029, making it MLG’s 54th property acquisition in Texas.
The project was designed by a team of experts from JHP Architecture and United Structural Consultants and broke ground in 2020. It officially opened its doors to residents in March of 2023.
Situated on an expansive 17-acre site, this eight-building community offers one- to three-bedroom floorplans ranging from approximately 664 to1,460 square feet. Residents can enjoy luxurious amenities such as a swimming pool with cabanas, parlor lounge area,gym facilities,a conference room,and EV chargers.
Conveniently located at16220 Phoebe Road just five miles south of U.S.Route380,the Jade at Frisco is nestled within the highly sought-after master-planned community known as The Grove Frisco.This impressive development spans over90 acresand will feature numerous recreational offerings including4.5 miles of trails,five parks,and much more.
