Developers broke ground on a new apartment community called Penrose in Frisco on July 15.

Penrose will include 383 multifamily units sitting on a little more than 5 acres.

Construction is expected to take two years with homes becoming available for lease by early 2027, according to a news release. Developer Rosewood Property Company and equity partner Metlife Investment Management are behind the new community.

Residents there will have access to amenities such as a clubhouse, fitness room, co-working space, sauna and cold plunge pools.