Rosewood, MetLife Break Ground on 382-Unit Multifamily Project in Frisco, The Penrose, within the Southstone Yards Mixed-Use Development

7/28/2025

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REBusinessOnline

• Subcategory: MF: Market Rate

• Tag: JV-Partnership | New Construction

• Additional Filters-Subcategory: MF: Midrise

• Company: Rosewood Property Company (RPC), MetLife Investment Management

A partnership between Dallas-based developer Rosewood Property Co. and MetLife Investment Management has broken ground on Penrose, a 382-unit multifamily project located within the Frisco Southstone Yards mixed-use development. Information on floor plans was not announced.