Toll Brothers, Pondmoon Capital Break Ground on Mirra in Frisco, Texas

by Lynn Peisner

FRISCO, TEXAS — Toll Brothers and Pondmoon Capital USA are co-developing Mirra, a five-story, 285-unit property in Frisco, about 40 miles north of Dallas. The joint venture will fund the project with equity as well as a $49.5 million construction loan provided by Santander Bank. Amenities will include a resort-style pool, co-working spaces, a bike area and outdoor lounge with games and barbecues. Mirra is located on a 3-acre lot in Frisco Square Town Center, a mixed-use development, and is adjacent to two other properties Toll Brothers developed with other partners. A completion-date estimate was not disclosed.

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