Realty Capital Management announced the sale of 24 acres of land in the northwest sector of the 150-acre Lakeside DFW development to a local land development company for the first phase of single-family homes.
“We are very excited about this first sale which will kick off the long anticipated development of Lakeside DFW”, said Jimmy Archie, Managing Director of Realty Capital Management.
“Attracting quality homebuilders to Lakeside is essential to the success of the project and we are very pleased to have American Legend Homes and Darling Homes as two of our single-family building partners.”
American Legend Homes at Lakeside will be priced from the low $400’s to the $600’s for four and five bedroom luxury homes with 2,400 square feet to well over 4,000 square feet.
“American Legend Homes is opening three communities in Flower Mound in 2013 and we believe Lakeside will be the crown jewel,” said Forrest Hartley, Manager of Land Acquisitions for American Legend Homes.
Darling Homes was also named as a builder in the community.
“When we received the master development plan for the project, we knew the Villa home design would be an ideal product for the unique vision that Lakeside represents,” said Larry Delzell, Vice President of Land Acquisition, Darling Homes. “We believe our Villa home designs will provide residents all the amenities they expect in a traditional custom home design with less upkeep and the added bonus of being able to walk to work, shop or grab a meal.”
The multilevel, stand-alone Villas offer a variety of floor plan options, architectural details, lifestyle amenities, and energy-efficient packages. Darling Homes developed the Villas-styled homes to fit the lifestyle needs of the empty nester, busy professional or first-time homebuyer. In addition, Darling will also be building on larger lots in Lakeside offering luxury homes for families in need of more space and yard.
Single-family homes are just one component of the planned mixed use, urban-style Lakeside DFW development that sits along the northeast shore of Lake Grapevine in Flower Mound. At build-out, the community is planned to include retail, restaurant and office space, a hotel, urban-style and loft apartments, townhomes, and condominiums.
Lake view restaurants will be a key component of the Lakeside Village which is located at the southern end of the property overlooking the Gaylord Texan Resort & Convention Center as well as the western sunsets across the water. Unique public amenities of Lakeside will include an amphitheater, boardwalk, and an observation deck.
“We know that Flower Mound residents are eager to see the dirt fly as construction gets underway this spring,” Archie said, “In addition, we are finalizing plans with our mixed-use development partner to build the Phase I retail/loft component at FM 2499 and Lakeside Parkway. We expect to see lots of sticks on the ground this time next year.”