Construction of a pair of office/warehouse buildings at Lakeside Ranch Business Park in Flower Mound is scheduled to begin in August, according to a state filing.
The projects are one-story properties — each measuring 64,406 square feet. They carry a combined estimated construction cost of nearly $11.3 million. Both projects are expected to be completed by July 2025.
Lakeside Ranch Business Park is a 230-acre master-planned development near Dallas-Fort Worth International Airport. It offers 3.5 million square feet of industrial space and includes 30 acres of green space with walking trails. The site plan calls for the construction of 34 Class A buildings.
Flower Mound is a city of about 80,000 in Denton County. A master-planned community incorporated in 1961 to avoid annexation by the City of Irving, it encompasses about 45 square miles that includes Lewisville Lake and Grapevine Lake and a pair of “world-class” golf courses.
“More than 1,300 businesses, including many major employers and national firms, call Flower Mound home and are supported by an active Chamber of Commerce,” according to a city document. “Flower Mound’s strategic central location, low tax rate, excellent school system, and unsurpassed quality of life continue to garnish national recognition.”
Major employers in Flower Mound include Texas Health Presbyterian Hospital, MI Windows and Doors, Lewisville ISD, Communication Test Design Inc., Stryker Communications, Town of Flower Mound, Thirty-One Gifts, BOHM Technologies, Best Buy Distribution & Service Center, and FUNimation Entertainment.
To attract major industries, Flower Mound’s economic development incentives include a triple freeport tax exemption, tax abatements and rebates, a tax increment reinvestment zone, and sales-tax sharing.
