City Council on April 19 was joined by dozens of Edgestone residents protesting the plans that were approved by the planning and zoning commission in March. Roughly 12.6 acres on a triangular tract of property in the neighborhood at the northeast corner of 4th Army Drive and Stonebrook Parkway would be allocated to the townhome development, according to city documents. A total of about 61 townhome units would be built, plans indicated.
Concerns voiced by residents revolved around the townhomes adversely affecting property values and having a negative impact on traffic. In addition, the possibility of the townhomes eventually becoming rental properties was also worrisome to residents.
Jim Tchoukaleff with Contour Real Estate & Development, the developer of the project, said the townhomes are intended to serve residents who grew up in Frisco and are looking for their first homes. The townhomes would start in the $500,000 price range, he said.
“We really believe that this project is going to attract a lot of buyers,” Tchoukaleff said. “There’s an affordability here with these homes.”
After hours of discussion, council members unanimously decided to table further debate on the plans to the May 17 meeting by recommendation of Mayor Jeff Cheney.
Cheney said a “perfect outcome” following the discussion would be for Contour Real Estate & Development and the neighborhood to meet and potentially alleviate concerns. The mayor also expressed concern for the north end of Edgestone, which he said lacked ample open space.
Council Member Angelia Pelham called it “wise leadership” to table the vote on townhome plans for Edgestone.
“Take the opportunity that the mayor has given to communicate with these residents. Help them understand what this change is about," Pelham said. “And then hopefully we can come back together and make a decision in which they are informed about how you're getting ready to change their community.”
