A local development project promises to provide more opportunities to live, work, eat, and play in DFW upon its completion.
The Crown Centre at Castle Hills is a sprawling 140-acre master-planned community in Lewisville that is expected to include up to 2,000 multifamily units, 3 million square feet of office space, and up to 500 hotel rooms once the mixed-use development is completed, which could be as early as 2030.
Construction on the $1.3 billion project is currently underway, with around 300 multifamily units and about 105,000 square feet of office space already finished. Once the mixed-use development is completed, it will feature multiple pedestrian trails with easy lake access, green space for outdoor events, as well as 140,000 square feet of space zoned for nonresidential commercial uses.
Located in the well-established Castle Hills community off State Highway 121 and Carrollton Parkway, the 35-building development is a modern reflection of the many mixed-use projects popping up all over North Texas, according to Lucas Patterson, executive vice president at Lewisville-based Bright Realty, the commercial real estate firm in charge of the project.
“Crown Centre is wonderful for commuting,” said Patterson, Community Impact reported. “It offers employers and residents access to Dallas’ airports, shopping venues, Grandscape, Top Golf, [and] all kinds of entertainment in the area.”
According to Bright Realty, many employers are moving their workforce to mixed-use developments like Crown Center because of the dynamic workspace with convenient access to nearby restaurants, retail shopping, green space, and more.
The Crown Centre development provides “great access to work and play,” Patterson said, per Community Impact. “It’s kind of an ideal place to mix work and leisure.”
Although the mixed-use development is far from complete, it seems to be gradually coming together. According to Patterson, roughly 300 additional multifamily units are expected to be completed by the end of 2024. Once the project is completed, the Castle Hill community will have built on all available undeveloped land.
With a housing shortage in DFW, demand for mixed-use projects has only seemed to increase as time goes on. However, while new construction continues rapidly in other parts of North Texas, Dallas often struggles to attract new development interest.
The City’s slow permitting process is one of the main hindrances to new construction in Dallas under the leadership of City Manager T.C. Broadnax, as reported by The Dallas Express.
