Lewisville office, apartments, retail run to Castle HillsLewisville office, apartments, retail run to Castle Hillshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=18302015-02-02T12:18:00Z2015-02-02T00:00:00Z

LEWISVILLE - The Castle Hills development is entering a new phase of development with the start of construction on thousands of apartments, more retail space and an office park.

Bright Realty is breaking ground on a 20-acre, 423-unit urban-style apartment project that will be on Castle Hills Dr. south of SH 121. The new apartments and other suburban Dallas residential developments are bringing a lifestyle now preferred by the majority of young office workers.

The $75 million development is across the street from where Bright plans to build several hundred thousand sf of shopping and entertainment venues.

Construction has started on a 150-acre office and business park at SH 121 and Carrollton Pkwy. The Crown Centre Office Park is planned for as much as 3 million sf of construction. The first office building will have more than 200,000 sf.

Castle Hills is just up the Sam Rayburn Tollway from where Nebraska Furniture Mart is about to open its almost 2 million-sf store and distribution center next year at SH 121 and Plano Pkwy.

Toyota Motor Corp.’s $350 million North American headquarters campus is also under construction nearby, on 121 at Legacy Dr. It will bring almost 4,000 new professional workers to the area.

The 2,600-acre community is about 60 percent built out, according to Chris Bright, CEO of Castle Hills developer Bright Realty.

tags: DFW Market Data Sources (Housing, Industrial, Multifamily, Office, Retail)

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/commercial-real-estate/headlines/20150129-castle-hills-growing-with-new-corporate-park-apartments-and-retail.eceRead more at {Source}

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