Grapevine - Colleyville - Southlake | May 2024

Southlake’s $400M Carillon Parc project takes shape From the cover

The details

A closer look

The backstory

The Carillon Parc development has featured a number of changes since its inception.

The scope of the project has changed since it was approved on Nov. 18, 2008. At the time, Hines, a development company, had 285 acres and planned to have more than 1 million square feet of retail and oce space, and no more than 404 homes, according to city documents. The project under construction has been pared down to 42.5 acres, but it will still oer restaurants, curated shopping, a hotel, residences and oce spaces centered around a park area, Terrell said. He was on Southlake City Council when it was originally approved, serving from 2004-09, and then was mayor from 2009-15. The estimated cost of the project is more than $400 million, and city ocials expect it will include up to $450 million in taxable value for Southlake, according to city documents. Houses will range from $1.5 million to $2.5 million and will look similar to the other homes in the adjacent Carillon neighborhood. All 79 lots have been sold to ve dierent homebuilders, Terrell said.

2008: Council approves project owned by Hines Development

2008

2009-15: Recession delays followed

2009

2015: Project updates approved by council; land sold by Hines

2015

2016

Restaurants are designed with outdoor dining space in mind.

2017: Property sale to Hunter Chase Development announced

2017

RENDERING COURTESY CARILLON CROWN

Terrell sid ocl points o this development will be the our che-driven resturnts nd wter ountin. He sid there re ongoing meetings with vrious resturnts owners tht hve expressed interest in coming to the development. “The progrmming o the resturnts is incred- ibly importnt,” Terrell sid. “This is not plce or rst-time resturnt. These need to be plces tht re estblished with gret ches.” Terrell sid possible resturnt options include: • A stekhouse • Itlin • Mediterrnen • Sushi Behind the resturnts will be the wter e- tures. He likened the round $5 million ountin eture to the ones t the Bellgio Hotel nd Csino in Ls Vegs. “We intend to hve the wter eture pro- grmmed to truly become n experience in nd o itsel,” Terrell sid. “People re going to wnt to [be] dining where they cn see tht.”

2018

2019: New project updated, approved by council

2019

2020

2022: Carillon Crown purchases property

2021

2023: Groundbreaking for Carillon Parc held

2022

2024: Phase I starts with housing, restaurants, streets, infrastructure installed

2023

26.7 acres of public park land 15.8 acres of retail/housing

total acres 42.5

2024

2024-25: Retail construction to start with Phase II

2025

2025-26: Completion of 79 houses expected

79 houses

1,200 projected jobs

2026

2028: Expected completion of full Carillon Parc development 2027: Hotel, oce building construction to start with Phase III

2027

50 condos

565,600 square feet of retail/oce space

2028

SOURCE: CARILLON CROWN, CITY OF SOUTHLAKECOMMUNITY IMPACT

SOURCE: CARILLON CROWNCOMMUNITY IMPACT

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