Developing southern Flower Mound From the cover
What’s happening
132 townhomes in Lakeside East
1 full-service hotel with up to 128 rooms in Lakeside East 64,000-square-foot office building in Silveron Park 15,000 square feet of restaurant and retail space in Silveron Park’s first phase 43,000 square feet of retail in Lakeside East 200 apartment units in Silveron Park’s first phase
Two mixed-use projects, Silveron Park and Lakeside East, are set to build out in southern Flower Mound, adding more mixed-use living options in town. Council approved Lakeside East on Oct. 6, after other Silveron Park projects got greenlit in August and September. For individuals entering town from Grapevine, the area serves as the “southern porch” into Flower Mound, Town Manager James Childers said. Jimmy Archie, a managing partner at Realty Capital, Lakeside East’s developer, said the updated proposal accounts for community feedback, such as density and traffic concerns. “I appreciate Jimmy for working with us to remove the multifamily to address our concerns on the density,” council member Chris Drew said. “This is a vastly improved project.” The Class-A office space within Silveron Park is expected to be “highly desirable” because of its proximity to restaurants and residences, Director of Economic Development Ray Watson said.
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A Lakeside East development At build-out, Lakeside East’s townhomes, hotel and commercial uses could be worth $160 million. Key:
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1 Restaurants 2 Townhomes
SPINKS RD.
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LAKESIDE PKWY.
3 Retail 4 Of f ice 5 Hotel
SILVERON BLVD.
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LONG PRAIRIE RD.
B Silveron Park development phases Silveron Park’s will include apartments, parks, retail, restaurant and office uses.
Key: X Phases
LONG PRAIRIE RD.
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SOURCES: REALTY CAPITAL AND THOMPSON REALTY CAPITAL/COMMUNITY IMPACT
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