The new owners working with urban planner TBG and Torti Gallas + Partners have planned the property for several buildings plus a traffic roundabout and open space. “B/K Multifamily owns the land and plans on developing select parcels,” Beneke said. “We intend to work with other developers on the remaining parcels.” Late last year B/K Multifamily teamed up with Toll Brothers Apartment Living to develop a 259-unit apartment project in Frisco Square called the Kilby. The new land purchase is next door to the Kilby construction site. “Our development team continues to focus on the long-term growth of Frisco,” Mark Beneke said in a statement. “The city’s aggressive pursuit of high paying jobs and investment have made it one of the most dynamic areas in North Texas.” Frisco Square is a 147-acre mixed-use project that was started almost 20 years ago. The project includes retail, apartments, office space, medical facilities and Frisco’s city hall. “For nearly two decades, the city has curated Frisco Square to be one of the great walkable urban places in the Metroplex,” Arcadia Realty’s William Gietema said.