High-rise will overlook Lake Grapevine in Lakeside Village development.
Developers have broken ground on a luxury apartment tower overlooking Lake Grapevine.
The 16-story 3111 Sunset high-rise is the next phase of the Lakeside Village development in Flower Mound.
Dallas-based Realty Capital Residential is building the apartment tower as part of a $500 million development that includes the rental units, a luxury hotel, offices and retail.
The 3111 Sunset tower will include 207 apartment units located in the high-rise and adjoining townhomes.
The project includes ground floor retail and a pool deck overlooking the lake.
Merriman Anderson Architects designed the building, which will open in 2025.
“Residents of the new luxury tower will be provided with state-of-the-art amenities as well as entertainment, dining and shopping options within walking distance,” Jennifer Picquet-Reyes, Merriman Anderson Architects principal said in a statement. “The residences offer fantastic views of Lake Grapevine and the Spanish Mediterranean design of the building cohesively aligns with the architectural style of the entire Lakeside Village project.”
Archer Western is the general contractor.
The project includes 6,000 square feet of retail and restaurant space and a five-level parking garage.
Global investment manager Barings provided construction financing for the project. Chicago-based Creek Lane Capital formed a venture with Realty Capital Residential to fund the project.