Realty Capital Adding to $2.2B Flower Mound Development
A $160 million development in Flower Mound will include up to 132 townhomes, 43,000 square feet of retail, a hotel and multiple open spaces, plazas and a public nature trail. Realty Capital is helming the project. The development is an expansion of the company’s $2.2 billion Lakeside Village development.
The Dallas Business Journal reports that the Flower Mound City Council approved an economic development agreement that would provide over $5 million in grants across seven years for the retail and hotel elements of the project.
Dubbed Lakeside East, the project is expected to commence construction in the summer of 2026 and be completed by the summer of 2027. Jake Sherrington with Shop Cos. is leasing the retail and restaurant components of the development.
Lakeside Village (photo) features 40 shops and restaurants, 260 homes, 1,090 garden-style multifamily residences, 207 high-rise villa homes, 48 high-rise condos, and 165,000 square feet of office space. The company is finishing up preliminary design of a Marriott Autograph Collection hotel.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout