Construction has begun on a new four-story apartment community in downtown Frisco.

Stoneleigh Companies broke ground on Waterford at Frisco, a 381-unit apartment community that will be located off Main Street near Toyota Stadium.

“[Frisco] is one of the fastest growing and most sought after suburbs of the north Dallas area,” Stoneleigh Companies President Rick Cavenaugh said in a news release. “The lifestyle benefits with the Toyota Stadium us as excellent fundamentals for the addition of Waterford at Frisco to the residential choices to new and existing residents.”

Waterford at Frisco will feature luxury apartment in two four-story wrap buildings, a private access parking garage and more than 9,000 square feet of retail and restaurant space.

EDI Architecture is the project architect, and Aurora National Life Company is the construction lender.