Nack Development, a boutique-style real estate development company, announced May 20 its plans for a more than 17,000-square-foot, mixed-use development at 201 N. Kealy Ave., just one block from City Hall in Old Town Lewisville.
The new project, marking the developer’s debut in Lewisville, will include three separate buildings that will introduce a 4,000-square-foot restaurant with outdoor patio seating, a 1,600-square-foot restaurant or coffee shop and a 12,000-square-foot office space.
The projected completion date is the second quarter of 2020.
The real estate company said in a news release the buildings’ architecture, styled in the same spirit as the city’s history, will include raw and painted brick facades paired with a modern twist of visual and experiential interest with muraled artwork and an outdoor patio to better encourage everyday street life and even interaction during the downtown’s many annual festivals.
“I believe Lewisville can be the next great old town,” said Donny Churchman, the president and owner of Nack Development, in a news release. “The guiding framework for future growth and development is already in place, but the Lewisville market currently is underserved for this type of opportunity.”
The news release said this move is an indication of the city’s steady economic growth, which is one of the key performance indicators for a location that grabs the attention of Nack Development and its investors. Together with former Major League Baseball All-Star Torii Hunter and his wife, Katrina, as well as current MLB player Matt Kemp, the plans are in place for reactivating a historic old town with main street-style modern conveniences.