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Dallas Morning News| May 30, 2024
The firm behind the more than $2 billion Lakeside Village development in Flower Mound selected a hotel flag for a prime parcel within the project with Lake Grapevine frontage.
Now in its final phase, Realty Capital’s Mediterranean-inspired Lakeside Village project includes about 2,500 residences, offices, 40 shops and restaurants, and entertainment options across its 160 acres.
With an official agreement with Marriott International Inc., Lakeside Village will also include an Autograph Collection hotel and residences called Hotel Miramar.
The property will rise to 12 stories with 181 guest rooms and suites including balconies overlooking the lake. A rooftop pool and terrace, a yacht, spa, full-service restaurant and bar, ballroom, lakefront wedding chapel, lakefront restaurants and outdoor music amphitheater are among some of the amenities planned for the Autograph property. It is set to feature 21 condominiums on the top three floors.
Coury Hospitality, which like Realty Capital is based in Irving, will manage the hotel. Coury Hospitality is the largest operator of Autograph Collection hotels in the U.S.
The hotel will connect with a 155,000-square-foot, six-story Class AA office building, dubbed 3301 Sunset Boulevard, on its first and second floors. The office building will also include social club Eden Roc on the second floor and will share amenities with the hotel.
JLL’s Jody Thornton and Dustin Dulin will lead financing efforts for the hotel and office properties. Daryl Mullin and Lauren Halstedt, also of the Chicago-based commercial real estate services firm, will aid in office leasing efforts.
The $230 million hospitality-office project has been approved to receive incentives from the Town of Flower Mound. It is set to break ground in the second quarter of 2025.
Set about five minutes from DFW Airport, the Lakeside development recently completed its sold-out Lakeside Tower condominium project. It is underway with 55 single-family villas, which are being built by Van Trease Architectural Designs. Realty Capital Residential is also in the midst of constructing a 207-unit multifamily tower.
Realty Capital recently announced plans to expand the project to the northeast corner of Lakeside Parkway and FM 2499.
The firm plans to utilize the parcel for additional restaurants with patios, shops, services, 350 luxury residences with structured parking, a four-story office building and a hotel.
Cross Timbers Gazette | November 1, 2023
Construction in Lakeside Village in south Flower Mound has been buzzing and a variety of projects have popped up, giving visitors a sense of what is coming.
One project, the GDS Wealth Management building on Lakeside Village Boulevard, was completed in mid-September, and nearly two dozen employees are now working there, according to Realty Capital, developer of Lakeside. Designed by Dallas’ Parscale Group (in conjunction with Lakeside’s master architect, Larry Boerder), the building offers a taste of the Mediterranean-style architecture to come.
That distinctive style will multiply as the Mediterranean Villas — seven having just completed the framing stage — are adorned with the traditional Mediterranean elements, including red tile roofs and stucco exteriors. Each Mediterranean Villa will enjoy distinctive elevations, an exercise in teamwork between builder Corey Van Trease and architect Larry Boerder, who is responsible for each building’s contribution to Lakeside’s Mediterranean vibe.
Construction on 3111 Sunset, by far the most imposing of the projects, has reached the seventh of its planned 16 stories. 3111 Sunset will feature an array of high-end amenities, including a private bar, a sports lounge, an indoor golf simulator, a fully equipped fitness center, a resort-style swimming pool and spa overlooking the lake from the sixth floor, a private lounge on the 15th floor, and two guest suites.
Construction on the underground parking garage — which will serve the future restaurants on the lake — is expected to begin in 2024.
Dallas Business Journal | September 5, 2023
Realty Capital Management LLC has partnered with builder Corey Van Trease to bring luxury homes to the Lakeside Village community.
Villas Van Trease LLC recently purchased lots for 10 homes. Home prices will start at $2 million with only 21 homes for sale in the initial phase, with a total of 58 “Villa Homes” planned for the community, according to a news release.
The 165-acre Lakeside mixed-use project features shops, restaurants, offices and a variety of residential options, including the 16-story Lakeside Tower condominium. The 40 acres to the south of Lakeside Tower are currently under development and will include the 58 Villa Homes, high-rise living options including the 207-unit apartment tower named 3111 Sunset, hotels, retail shops, a wedding chapel, lakefront restaurants, an amphitheater and a Class-A office building within a walkable community overlooking Lake Grapevine.
The Villa Homes will feature traditional Mediterranean architecture and custom quality finishes, ranging in size from 2,700 square feet to 3,800 square feet.
“Lakeside is designed for residents to live out the front door of their house,” said Jimmy Archie, managing partner for Realty Capital Management and master developer of Lakeside, in a prepared statement. “The main reason people choose to live in Lakeside is for the lifestyle that the community provides. Residents can walk out their front door and hike or bike on the North Shore Trail, golf cart to numerous shops and restaurants, converse with neighbors while their dogs run free in the one-acre Lakeside Dog Park, and watch the sun set over Lakeside Grapevine from Sunset Point, a 6,000-square-foot public deck for residents to take in the lake and all that it has to offer.”
Van Trease has spent most of his career building custom estate homes in Southlake, Colleyville, Westlake, Flower Mound, Argyle and other areas of Northeast Tarrant County and Southern Denton County.
In addition, Van Trease has built and sold numerous homes around Lakeside including seven condominium Villas on the east side of the Lakeside Tower, two poolside bungalows located on the pool deck of Lakeside Tower and eight three-story townhomes in other parts of the community.
“We pride ourselves on delivering a tradition of excellence and a commitment to uncompromised quality,” Corey Van Trease, master builder for Villas by Van Trease LLC., said in a prepared statement. “We have designed homes in various prestigious communities including Vaquero in Westlake, Chateau Du Lac in Flower Mound and numerous marquis estates that punctuate a drive through Southlake, Westlake and Colleyville, but nothing is quite like Lakeside. The Villas in Lakeside redefines what luxury living is all about with the focus shifting towards the luxuries that surround the home, not just what exists on the inside.”
The number of single-family homes selling at prices of $2 million and up — both new builds and existing —is up sharply in Dallas-Fort Worth.
Dallas Morning News | January 18, 2023
Developers have broken ground on a luxury apartment tower overlooking Lake Grapevine.
The 16-story 3111 Sunset high-rise is the next phase of the Lakeside Village development in Flower Mound.
Dallas-based Realty Capital Residential is building the apartment tower as part of a $500 million development that includes the rental units, a luxury hotel, offices and retail.
The 3111 Sunset tower will include 207 apartment units in the high-rise and adjoining townhomes. The project includes ground-floor retail and a pool deck overlooking the lake.
Merriman Anderson Architects designed the building, which will open in 2025.
“Residents of the new luxury tower will be provided with state-of-the-art amenities as well as entertainment, dining and shopping options within walking distance,” Jennifer Picquet-Reyes, Merriman Anderson Architects principal, said in a statement. “The residences offer fantastic views of Lake Grapevine and the Spanish Mediterranean design of the building cohesively aligns with the architectural style of the entire Lakeside Village project.”
The project includes 6,000 square feet of retail and restaurant space and a five-level parking garage.
Archer Western is the general contractor.
Global investment manager Barings provided construction financing for the project. Chicago-based Creek Lane Capital formed a venture with Realty Capital Residential to fund the project.