The North Texas real estate market continues to push forward, with several large projects planned in the metroplex this year.
Here are a few of the top projects hitting the region in 2024:
Margaritaville Resort + Lake Texoma Community
Margaritaville-themed developments continue to spread across Texas. Now, developers have secured 3,100 acres adjacent to Lake Texoma and plan to build a $6 billion mixed-use development alongside a 250-room, $100 million Margaritaville resort.
The massive project, 20 years in the making, will see the creation of 7,500 new homes in a master-planned development called Preston Harbour. The development will be located in Denison, roughly 75 miles north of Texas.
New Downtown Dallas Tower
Dallas is set to break ground on a new 35-story residential tower downtown. Despite the City’s overly burdensome building regulations and periodic permitting backlogs, Swiss investment management firm Empira Group says it plans to complete the 711 N. Pearl St. build by 2026.
As previously reported by The Dallas Express, Empira Group acquired the 1.1-acre development site in Dallas’ Central Business District last year.
Once complete, the tower will house 370 market-rate apartments in various layouts: studio, one-, two-, and three-bedrooms. Eight penthouses will also be available.
The tower will include 9,000 square feet of ground-floor retail space, a co-working area, an art market studio, and a pool overlooking the city on the ninth floor.
Rainwater Crossing Housing Development in Celina
By the time it is complete, Rainwater Crossing will include more than 1,900 homes on more than 550 acres. The development will be located east of Preston Road near County Road 134.
The development will include a mix of residential properties, including townhomes, single-family homes, multi-family units, and tiny homes.
The project is a joint effort between the family office of Ken Hersh, president and CEO of the George W. Bush Presidential Center, and the co-founder and former CEO of NGP Energy Capital Management and Green Brick Partners Inc., the third largest homebuilder in the metroplex.
