The new Flower Mound mixed-use development will include apartments, retail and offices. Thompson Realty Capital LLC is working with Trez Capital to build the 50-acre He Silveron Park project at FM2499 and Lakeside Village Parkway.
Phase 1 of a planned project near Lake Grapevine intention MeIt includes 200 apartments, 15,000 square feet of retail and restaurant space, and a 60,000 square foot office building.
More than one-third of the development land will be reserved for parks, open spaces and walking trails.
Thompson Realty CEO Taylor Field said, “After more than four years of numerous site designs, the Flower Mound Planning and Zoning Board has approved the project plan. We are committed to delivering a new mixed-use destination district.” statement. “This is our first project at Flower Mound and we are excited to create a new gateway to the area and the Lakeside District that will provide residents with a unique environment to live, work and play. “
Cross Architects, GSO Architects and Alliance Architects are designing Silveron Park.
The first phase of the project will begin this fall with an opening set in 2024.
Vancouver-based Trez Capital is an investor in the development. Trez Capital has funded more than 1,700 real estate transactions since his 1997, and the Dallas office has funded more than $6.2 million of his.
“With more than 25 years of experience in acquiring, developing and managing properties for multi-family, office and single-family home projects, Thompson Realty Capital is the perfect partner for this project and is excited to launch our ninth joint venture. “Flower Mound is a growing area and we are excited to see this as an ideal new mixed-use development,” said John Hutchinson, vice chairman of Trez Capital, in a statement. It’s just one of the many reasons why it’s such an iconic place.”
Thompson Realty has been in business since 1980 and has developed commercial and residential real estate projects valued at over $2 billion.
Thompson Realty and Trez Capital are jointly building seven apartment communities with 2,100 rental units in Texas.
Thompson Realty’s new Flower Mound development is in the same area where the developer is building the Lakeside Village mixed-use project on Grapevine Lake.
Approved by the Hanazuka Town Council in May More than $500 million development in Lakeside Village will include high-rise apartments, luxury hotels and office space. Irving-based Realty Capital hopes to start the development later this year or early 2023.