New Lewisville mixed-use project opens its first phase

Plans for the Crown Centre at Castle Hills on S.H. 121 call for 30 buildings with offices, apartments, retail, hotels and restaurants

The first building in a new Lewisville mixed-use project has opened its doors.

Bright Realty completed construction of the first phase of its 140-acre Crown Centre at Castle Hills project on State Highway 121.

The four-story, 109,000-square-foot office project is the first of 30 buildings planned in the development.

Almost 3 million square feet of offices, 2,000 apartments, 140,000 square feet of retail and restaurants plus hotels are planned in the Crown Centre development at State Highway 121 and Parker Road.

“Our vision for a pedestrian-friendly destination includes office interspersed with multifamily and retail linked by a system of trails, green space and water features,” Bright Realty CEO Chris Bright said in a statement. “Crown Centre is a great location for employers looking for a respite and potentially a major corporate campus.”

The Crown Centre building is one of two new office buildings in the huge Castle Hills development. The first high-rise office building at the Realm at Castle Hills opened last year.

The site for Crown Centre is some of the last remaining undeveloped land in the 5,000-acre Castle Hills community.

Castle Hills has been under construction for more than two decades and has over 4,000 homes plus apartments and commercial space.

By: Steve Brown, Dallas News

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Heavy-Equipment Adventure Company Leases Acreage Near Dallas

Extreme Sandbox to Relocate North Texas Location

In a move meant to bring heavy-equipment adventure a little closer to the Dallas-Fort Worth area’s more than 7.5 million residents and its Fortune 500 companies, Minnesota-based Extreme Sandbox has leased acreage for a new facility and plans to open the doors in September.

Extreme Sandbox, which was featured on “Shark Tank” in 2016, signed a lease for about 10 acres at The Station in Sachse, a 134-acre mixed-use development, to bring its flagship Texas location and only location outside of Minnesota closer to downtown Dallas. The land lease caps off the mixed-use district’s first phase of construction, including infrastructure, apartments and single-family housing in Sachse, a northeast suburb of Dallas about 26 miles from the city center.

By Candice Carlisle

CoStar News

 

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JaRyCo To Bring 135-Acre Mixed-Use Project To Allen

Allen is getting another mixed-use development alongside the 121 Corridor.

Developer JaRyCo announced plans to build out 135 acres of farmland owned by the Johnson family — and formerly set aside for the Strand development — transforming it into a mixed-use development featuring 1.6M SF of office, 142K SF of retail, a luxury hotel, restaurants, townhomes and urban apartments.

By: Kerri Panchuk, Bisnow Dallas-Fort Worth

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DFW Retail Sector Sees Slight Slip In Occupancy, Anemic Construction Activity

The Dallas-Fort Worth retail occupancy rate dipped a modest 1% from late 2019 to mid-2020 even after the coronavirus pandemic ravished shopping traffic and pushed store revenue to near zero for several months, a new report from Weitzman says.

But, this slight dip in retail occupancy during the first half of the year doesn’t tell the whole story of the complex DFW retail market.

Kerri Panchuk, Bisnow Dallas-Fort Worth

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