New development to bring $2M homes to Lakeside From the cover
BY DON MUNSCH
Zooming in
What’s next?
A closer look
O ce Restaurant/retail Hotel
LAKESIDE VILLAGE BLVD.
Nelson said Flower Mound has seen more mixed-use developments in recent times, noting a change in Town Council leadership over the years has helped pave the way for developers to get more projects o the ground. Melissa Demmitt, Flower Mound communica- tions director, said more developments in town are due to the increased housing demand in North Texas. Flower Mound is a “sought-after community to buy into,” she said, and the town’s consistent growth rate in recent history happened primarily because of policies crafted by previous and current councils to manage that growth. The average home price increasing could lead to higher appraisal values and ultimately more in taxes for residents down the line, Nelson said. The project should increase the average value of homes in Flower Mound, which is now $774,000, Nelson said, and with the addition of the Lakeside Village homes, he estimates it would increase the average in the town by about $8,000-$10,000.
options that meet our residents’ and future residents’ needs,” Demmitt said. Archie said there’s a segment of the Flower Mound population that has been here for a long time and is looking to move. “They are at a di erent point in their life, but they’re still Flower Mound people,” he said. “[Residents are] looking for a di erent lifestyle, but want to remain a Flower Mound resident. Mixed-use communities o er a place … for a di erent lifestyle.”
The town’s estimated build-out population is 112,271, Demmitt said. The June 2024 population was 81,270, according to town gures. The timeline for reaching the build-out population number primarily depends on when property owners choose to develop their properties and how quickly they do so, she said. “When it comes to residential development, the town’s goal is for quality housing that is responsibly developed in line with our master plan and provides for a variety of
Hotel/condos
Realty Capital has been developing Lakeside DFW since 2012, Archie said. The nal phase includes 52 custom single-family villas starting at $2 million, Archie said. There are also 207 high-rise rental units being built. “Those will be targeted for empty nesters and Baby Boomers that have lived out in the suburbs for the last 15-20 years that want a high-rise, lock-and-leave lifestyle but don’t want to go to downtown Dallas or downtown Fort Worth, or the Plano-Frisco area to get it,” he said. He said there are also 21 condos that will be built on top of the 181-room hotel. The rental units will range from $4,000-$15,000, and a 2,000-square-foot condo would be $2.4 million. Lori Walker, Flower Mound Chamber of Commerce president, said the Lakeside Village development provides access to shopping and lake views.
Residential Mixed use
VILLAGE LN.
VILLAGE BLVD.
SUNSET BLVD.
Completed
2019
2022
2030
10 acres of land purchased for Lakeside International O ce Center in Lakeside business district
Realty Capital purchases land for expansion on the northeast corner of Lakeside Drive and FM 2499
Build-out completion for Lakeside Village expected
2012
2023
2021
The Lakeside Tower
GRAPEVINE LAKE
Construction begins with real estate and commercial components
Infrastructure development for the nal phase, Lakeside Village, begins
Construction begins on the 3111 Sunset multifamily project at Lakeside Village
N
MAP NOT TO SCALE
SOURCE: REALTY CAPITAL COMMUNITY IMPACT
SOURCE: REALTY CAPITAL COMMUNITY IMPACT
LEWISVILLE 2416 S Stemmons Fwy (214) 488-0888
WESTLAKE 2341 Highway 377 (817) 490-9072
DENTON 2315 Colorado Blvd (940) 243-2929
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