Rowlett’s Sapphire Bay development will soon house a brand new apartment complex. JLL Capital Markets announced that it closed the $58.3 million financing for the View at Sapphire Bay project.
JLL announced an eight-year fixed-rate construction loan for Zale Properties to construct the new multi-family unit.
The View at Sapphire Bay will be a mid-rise complex on the shores of Lake Ray Hubbard and is expected to open for occupancy in May 2024. Floorplans will include one, two, and three-bedroom options, with an average size of 941 square feet.
According to Culture Map Dallas, units will include several amenities such as granite countertops, walk-in closets, and secluded lanais.
Property amenities, according to JLL, will include an outdoor fireplace, a cabana with a grill house, a state-of-the-art exercise facility, a kennel, a garden courtyard with a fully-equipped kitchen, and manicured picnic areas.
The apartments will be located in the 116-acre Sapphire Bay project. The mixed-use development is currently under construction at I-30 and Dalrock in southern Rowlett, along the shores of Lake Ray Hubbard.
Sapphire Bay will include a 7-acre artificial crystal lagoon and a surfing lagoon. Blue Ribbon News provided details on some of the elements of the project.
The surfing village will include a simulator that can create waves for surfers of all skill levels to try out. This area will also feature a white sand beach where people can watch the action.
Other amenities will include resort-style pools and swim-up bars.
Sapphire Bay has been in the works for over five years, and construction is expected to be fully complete in seven to 10. The City of Rowlett and Sapphire Bay Land Development LLC are developing the project.