DALLAS–SWBC Real Estate has purchased 11 acres within the master-planned, mixed-use RiverWalk at Central Park in Flower Mound, TX. The locally-based company plans to build a 357-unit class A multi-family building on the property. Ground is scheduled to break in July.
"Only one multi-family property has been built in the past 12 years in Flower Mound," says Stuart Smith, senior vice president with SWBC Real Estate. "With its location in the heart of the Dallas/Fort Worth Metroplex and easy access to major thoroughfares, Riverwalk Village will attract tenants looking for first-class amenities in close proximity to numerous retailers, restaurants, and entertainment venues that are being built in The River Walk at Central Park community."
Riverwalk Village will be composed of 12 streetscape apartment buildings. Units will average 857 square feet and range from one-, two- and three-bedroom spaces. Interior amenities include nine-foot ceilings, walk-in closets and storage, crown molding in formal living areas, stainless steel appliances, and granite countertops.
Within Riverwalk Village, residents will be able to utilize the clubhouse, resort-style pool and spa, fitness center, private entrance gate system, and river walk views.
While construction will begin later this summer, the property is expected to deliver in 20 months.
SWBC Real Estate is also in the midst of two other Texas multi-family projects. It is constructing Overlook Ranch in Fort Worth and Twin Creeks at Alamo Ranch in San Antonio.
As GlobeSt.com previously reported, Twin Creeks at Alamo Ranch, will consist of 300 units on approximately 17 acres within the Alamo Ranch master-planned community, on the west side of San Antonio. Overlook Ranch will be a 318-unit, class A multifamily property situated in the 17,000-acre master-planned AllianceTexas.
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