Bright Realty broke ground today on a 324-acre, mixed-use development, The Realm at Castle Hills, which will include office, dining, retail, entertainment and multifamily projects.
The development is located just west of SH 121/Sam Rayburn Tollway and Josey Lane in the Castle Hills community of Lewisville.
Phase I of the project, Offices at The Realm, is a nine-story Class AA office building consisting of 235,000 square feet of office space and an additional 15,000 square feet of first-floor restaurant space. Situated in front of the office building is Crescent Park, an expansive park and outdoor entertainment space. The office building and park are scheduled to be complete in mid-2019. Groundwork has also started on Phase II of the project, a 260-unit multifamily complex above 35,000 square feet of retail.
“The demand to live, work and play in the same area has transformed our suburban communities,”Bright Realty CEO Chris Bright said. “The Realm is designed with that in mind and with a focus on an overall quality of life that offers a sophisticated suburban setting with generous outdoor and event spaces. We want people to live, work, play and stay at The Realm, and with the varied and numerous lifestyle products we are offering here, they will be able to do just that for generations to come.”
Inspiration for the architectural and interior design of the community blends classic forms with contemporary gestures to create a fresh, new interpretation of “Texas Hill Country” and modern design.
Amenities at the Offices at The Realm will include tenant common areas with WiFi; a community lounge and patio; conference center; rooftop deck seating; computer bars; and a fitness center. The office complex also includes ample surface and structured parking.
The restaurant space below the office will have second-floor terraces overlooking Crescent Park as well as shaded seating, event space, a water feature with custom shows sequenced to music and a splash fountain for children and pets.
Companies involved in the project include architect BOKA Powell, design architect and interior designer 505 Design, landscape architect Land Design and general contractor Hill & Wilkinson. Southwest Bank, a division of Simmons Bank, is the lender for the project. Colliers International will oversee leasing the office space, and Bright Realty is managing the brokerage of the retail/restaurant space.
Phase II of the project, which has a delivery date of mid- to late 2020, will be a mix of multifamily with first-floor boutique-style retail space. BOKA Powell, 505 Design and Land Design are also working on the project, which will be built by general contractor Andres Construction.
Additional phases of The Realm include condominiums, a large amphitheater entertainment district, retail, restaurants and additional multifamily living opportunities.