Bright's billion to Crown Centre Lewisville office parkBright's billion to Crown Centre Lewisville office parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=28092014-10-13T07:26:00Z2014-10-13T00:00:00Z

LEWISVILLE - Bright Realty has started work on a $1 billion, 3 million-sf corporate office park along the Sam Rayburn Tollway.

The 150-acre office park — called Crown Centre at Castle Hills — will attract Fortune 500 companies and firms seeking a high parking ratio, according to Bright Realty CEO Chris Bright.

Work is underway on the office park's first 200,000-sf speculative office building. Each building in the park is expected to range from 150,000 sf up to 400,000 sf of Class A space, depending on tenant demand.

The corporate office park will take 12 to 20 years to completely develop and is expected to have a lake with water views and outdoor art installations.

Right now, Bright Realty's Castle Hills development has added nearly $1.6 million to the tax base. In the next five to seven years, Bright expects to add more than $1 billion to the property tax base.

Bright Realty has continued to develop home lots, with 3,300 homes or home lots on the ground after the community's first resident moved into the development in 1998.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/news/2014/10/09/exclusive-castle-hills-developer-kicks-off-1b.htmlRead more at {Source}

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