BY COLBY FARR
The impact
The takeaway
For Cynthia Dearnbarger, owner of Flourish flowers and gifts on Main Street, new residential developments are bringing stability to businesses in the area. Dearnbarger has owned the flower store in Old Town Lewisville for eight years and she’s lived in the area for nine years, she said. Since the new residential projects have opened, Dearnbarger said she’s noticed an increase in foot traffic, something that businesses have been waiting to see for years. Members of the Old Town Business Association, including Dearnbarger, are also hosting events to bring more people from out of town. “The business owners are at a place where we’re trying to do anything and everything that we can to get people aware of where we are and what we’re doing,” she said. “It definitely helps when people come in for the first time.” Lewisville Mayor TJ Gilmore said it was key for the city to create an experiential space that people want to visit through its revitalization efforts.
Aura Main Street will be the latest multifamily development to open in Old Town Lewisville. The $50 million project is expected to open later this spring with 325 units available for rent. The five-story building will offer a mix of one-, two- and three- bedroom floor plans, according to Trinsic Residential Group’s website. New residential developments help bring people to the area, Williams said. Retailers that the city’s economic development corporation hope to attract are looking at the amount of residents who are in the area, she said. “That’s been a majority of our goal when we work with developers,” she said. “It’s like bringing the customer base in to stimulate the expansion of businesses down here.”
Old Town Lewisville Development plans in
new parks and open spaces 8 mixed-use/urban housing projects 15
senior living projects 2 8 townhome projects
office/showroom projects 4 large format tech projects 4 3 retail/restaurant projects
SOURCE: CITY OF LEWISVILLE/COMMUNITY IMPACT
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LEWISVILLE - COPPELL EDITION
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