Developer breaks ground on Old Town Lewisville apartment project

Lewisville development renderings
AMAC broke ground on its Old Town Lewisville development. (Rendering courtesy AMAC)

AMAC broke ground on its Old Town Lewisville development. (Rendering courtesy AMAC)

AMAC, a national real estate investor and developer, announced that it has broken ground in downtown Lewisville for a new luxury rental development.

The development site, located at 120 E. Main St. and 127 S. Mill St., will consist of 203 rental apartments across two buildings as well as three retail spaces, according to an AMAC news release. The project is expected to be completed in fall 2023.

The firm closed on a $29.3 million construction loan from Truist.

The project features a mix of one- and two-bedroom rental units, averaging 724 and 1,134 square feet. Amenities for both buildings include a fitness center, an elevated courtyard with a pool and grilling areas, a dog wash, a residents lounge, a clubroom and private workspaces operated by Ora, according to the release.

“We’re excited to break ground on this site and take the first step towards delivering an exciting rental development in one of North Dallas’s most dynamic communities,” AMAC Founding Principal Maurice Kaufman said in the release. “Given the booming growth of the Dallas metro area, we anticipate very strong demand for new rental product in this market.”
By Samantha Douty
Samantha Douty joined Community Impact Newspaper in 2021 as the Lewisville/ Flower Mound/ Highland Village editor. She graduated from the University of Texas at Arlington in 2018 with a degree in journalism. But her passion for journalism started when she was 16 years old. Before joining Community Impact Newspaper, she reported on education for the Victoria Advocate, a rural South Texas daily newspaper.