After years on hold, Carillon and Silver Lake are seeing new life
After years of waiting out the economic recession, the developers of Grapevine's second largest and Southlake's largest tract of undeveloped land are seeing signs of recovery as their mixed-use development projects get off the ground.
Newcrest Management LLC anticipates breaking ground at the end of June on a 300-room hotel planned for the mixed-use development called Silver Lake Crossings in Grapevine. In January, the city approved a conditional use permit for a hotel on the property spanning 52 acres near the intersection of Hwy. 26 and Bass Pro Drive, after it sat empty for years.
"I think this is a major milestone for the City of Grapevine, to have the hotel built," said Mehul "Mike" Patel of Newcrest Management LLC. "In the last four years, there was no hotel built and this will be a major investment coming into the city — a lot of new jobs, and it will be a state-of-the-art facility."
Silver Lake Crossings is not the only major development in the area to find new life recently. Along the northeast corner of Hwy. 114 and White Chapel Boulevard, 285 acres of land is under construction for a luxury, mixed-use community called Carillon.













