Grapevine - Colleyville - Southlake Edition - January 2022

DEVELOPMENT

TOP DEVELOPMENT STORY TO WATCH IN 2022

Updated CarillonParc plan gets green light fromSouthlake council In a unanimous vote Dec. 7, Southlake City Council approved the second and nal reading for the newly updated plans for Carillon Parc. A groundbreaking is planned this summer. BY SANDRA SADEK

Following four years of discussions between the city and the developer and several modications to the site plan, council members approved an updated plan that includes 79 residential lots and sets aside land for a potential library, if the city should decide to place it there. The new library, initially planned to be built as one of the many amenities inside the mixed-use development, was removed from the nal plan Nov. 16 with city ocials citing the need to review responses from a citywide survey on library needs submitted this summer. The project, which will break ground this sum- mer, will start Phase 1 with a $3.5 million-$4 million investment from the developers to construct site infrastructure—roadways and utilities. Those must be completed before the 79 residential lots can be released. John Terrell, one of the developers of the project

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Groundbreaking for Phase 1 of Carillon Parc will take place this summer. (Rendering courtesy Carillon Parc)

“This development team is excited as it has ever been to move forward with this [project] and make it a reality,” Terrell said. “Residentials are simply a stepping stone to make the [rest of the project] occur.”

and a former Southlake mayor, said the idea is to start the project by building the homes so the revenue generated from the residential sales can be used to nance the commercial development that is part of Carillon Parc.

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