Sunset Legacy LP breaks ground on Lakeside Village development in Flower Mound

The groundbreaking for Lakeside Village took place off Lakeside Parkway on June 30. (Liesbeth Powers/Community Impact Newspaper)
The groundbreaking for Lakeside Village took place off Lakeside Parkway on June 30. (Liesbeth Powers/Community Impact Newspaper)

The groundbreaking for Lakeside Village took place off Lakeside Parkway on June 30. (Liesbeth Powers/Community Impact Newspaper)

Image description
Peter B. Stewart, son of landowner Peter P. Stewart, spoke at the groundbreaking. (Liesbeth Powers/Community Impact Newspaper)
Image description
The development runs along Grapevine Lake and has a large area that will be preserved for viewing and visiting. (Liesbeth Powers/Community Impact Newspaper)
Image description
Realty Capital Managing Director Jimmy Archie urged those present to remember the views around them and to spread the word about the project. (Liesbeth Powers/Community Impact Newspaper)
Image description
The groundbreaking for Lakeside Village took place off Lakeside Parkway on June 30. (Liesbeth Powers/Community Impact Newspaper)
Image description
The groundbreaking for Lakeside Village took place off Lakeside Parkway on June 30. (Liesbeth Powers/Community Impact Newspaper)
Officials broke ground June 30 on Lakeside Village, a 35-acre mixed-use development in Flower Mound along the edge of Grapevine Lake, west of Lakeside Parkway. The $1.5 billion development will include a mix of retail, restaurants, offices, possibly three hotels and residential areas.

Sunset Legacy LP, a partnership between the Peter P. Stewart family of Dallas and Realty Capital of Irving, is developing the area.

Lakeside Village will also follow the vision of Peter P. Stewart, who purchased the land more than 45 years ago. He died in 2018.

“He always envisioned this property as having tall buildings,” his son, Peter B. Stewart, said at the groundbreaking.

The property is expected to have up to five towers as well as lofts over retail spaces and villas for residential living.


The tall buildings will give residents and those who work in the area views of the preserved area of nature by Grapevine Lake, Realty Capital Managing Director Jimmy Archie said. The development also includes plans for a 16-mile bike and hike trail as well as an amphitheater.

“The vision is to create a place that lifts the spirits by a celebration of nature,” Stewart said. “Man and nature can coexist if mutual respect is paramount.”

The project is expected to take several years to be fully built out, with construction of the main infrastructure taking roughly a year, as previously reported by Community Impact Newspaper.

Editor's note: This post has been corrected to show that the development is located on Lakeside Parkway. In addition, Peter B. Stewart is president of Sunset Legacy, the landowner.
By Liesbeth Powers
Liesbeth graduated from Baylor University with a degree in new media journalism in December 2018. She gained her newspaper experience as a staff writer and multimedia editor at her campus paper, The Baylor Lariat. Liesbeth joined the Community Impact team in August 2019, where she reports on all things Plano and Richardson, including Plano City Council and Dallas Area Rapid Transit.


MOST RECENT

Cars line up Jan. 22 for a county vaccine clinic at First Baptist Church of Lewisville. (Ally Crutcher/Community Impact Newspaper)
Denton County seeks volunteers as health officials ramp up vaccination efforts

Denton County is seeking volunteers—including people with and without medical backgrounds—to assist with vaccine administration as officials look to scale up their inoculation efforts in the coming weeks.

Tasty Casa opened Jan. 24 at 1213 S. McDonald St., McKinney. (Matt Payne/Community Impact Newspaper)
Tasty Casa opens in McKinney; Premier Grilling relocates in Plano and more DFW-area news

Read business and community news from the Dallas-Fort Worth area.

The candidate filing period for the May 1 special election for Place 3 will remain open until March 1. (Community Impact staff)
Lewisville City Council calls special election as council member vacates seat to run for mayor

Lewisville City Council member TJ Gilmore’s mayoral aspirations call for a special election, according to the Texas Election Code. 

The Flower Mound Planning and Zoning Commission approved a specific-use permit for retail at its Jan. 25 meeting. (Liesbeth Powers/Community Impact Newspaper)
Verizon store seeks permit to open at Flower Mound shopping center

With the commission’s approval on Jan. 25, the specific-use permit will now advance to Town Council for consideration.

Krust Pizza Co. opened Jan. 21 at 7701 Stacy Road, Ste. 300, McKinney. (Matt Payne/Community Impact Newspaper)
Krust Pizza Co. opens in McKinney; P.F. Chang's coming to Flower Mound and more DFW news

Read the latest business and community news from the Dallas-Fort Worth area.

Taco Bell opened its location in Lewisville in January. (Courtesy Taco Bell)
Taco Bell opens new location in Lewisville

The fast-food restaurant offers staples such as tacos, burritos, quesadillas and nachos.

P.F. Chang's To Go is expected to open in Flower Mound soon. (Courtesy P.F. Chang's)
P.F. Chang's To Go to open in Flower Mound

“Asian has always been a go-to takeout cuisine and off-premise dining is a model where P.F. Chang’s shows its strength, which has allowed us to continue to meet consumer demand for elevated Asian cuisine in an easily-accessible way,” P.F. Chang's CEO Damola Adamolekun said.

Scott Palmer administers a COVID-19 vaccine shot to a Roanoke police officer. (Sandra Sadek/Community Impact Newspaper)
Vaccination hubs open in Plano, McKinney Fire Dept. and more DFW-area news

Read the top stories from the past week from the Dallas-Fort Worth area.

Aspire Nutrition opened Dec. 9 in Highland Village. (Community Impact staff)
Aspire Nutrition now operating in Highland Village

The business serves healthy shakes, energizing teas and coffees, and other products for pre- and post-workout routines.

Scott Palmer administers a COVID-19 vaccine shot to a Roanoke police officer. (Sandra Sadek/Community Impact Newspaper)
2 vaccination hubs to open in Plano; BigShots Golf coming to Fort Worth and more DFW news

Read the latest business and community news from the Dallas-Fort Worth area.

In Denton County, the number of beds occupied by confirmed COVID-19 patients remained near 200 after trending down from its recent peak. (Community Impact staff)
Tracking COVID-19: Hospitalized population, still high, shows early sign of decline in Denton County

Nearly 200 patients with COVID-19 were being treated in Denton County hospitals as of Jan. 20, but that number was starting to trend downward for the first time in months.

Grizzly Burger House's menu includes the Hawaiian cheeseburger and more. (Courtesy Grizzly Burger House)
Grizzly Burger opens in Richardson and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.