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)

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Peter B. Stewart, son of landowner Peter P. Stewart, spoke at the groundbreaking. (Liesbeth Powers/Community Impact Newspaper)
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The development runs along Grapevine Lake and has a large area that will be preserved for viewing and visiting. (Liesbeth Powers/Community Impact Newspaper)
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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)
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The groundbreaking for Lakeside Village took place off Lakeside Parkway on June 30. (Liesbeth Powers/Community Impact Newspaper)
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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, including education and transportation.


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