Luxury lakeside condo tower gets underway in Flower Mound


Dallas Business Journal
Mar 3, 2017

Construction has started on a luxury Mediterranean-styled condominium tower along Lake Grapevine in Flower Mound, which will bring the long-awaited 16-story, 48-unit building to fruition.

The tower is part of a $1 billion Lakeside DFW mixed-use development and will be the first suburban luxury condo tower of its kind in the Town of Flower Mound.

“After about a year of meeting and planning we are looking forward to getting the tower in the air,” said Richard Myers, managing director of Realty Capital Management.

He is overseeing the development on behalf of the ownership group, a venture between Colorado-based Real Capital Solutions and Realty Capital.

Yates Construction is the general contractor of The Lakeside Tower, which has been planed for more than two years.

In all, the condo tower will bring about 226,000 square feet of living space to Flower Mound, with a three-story enclosed parking garage and four 3,000-square-foot bungalows on the perimeter of the high-rise building.

Each condo unit will have high-end finishes with expansive balconies and nesting glass doors. It is expected to rival prominent condo towers in Uptown and downtown Dallas, development officials say.

The 25,000-square-foot pool deck above the garage and the tower’s third-floor amenity area will include:
• A 50-foot resort-style lap pool with an adjacent hot tub
• Fire pits with lounging areas and an outdoor bar
• A gourmet outdoor kitchen
• Putting green and bocce ball court
• Wine room for private dining
• Club room with whiskey bar
• Movie theater
• Fitness center and steam room

The homes range from 1,345 square feet to 5,726 square feet with a 24-hour concierge, valet, on-site space, fitness studio and much more.

Even though creating a luxury condo tower in the suburbs presented its challenges, Realty Capital’s partners, Real Capital Solutions and Prosperity Bank, helped make the project a reality, said Leslie Bardo, a senior vice president of Realty Capital Management.

About 60 percent of the condo tower is pre-sold to homebuyers. Construction is slated for completion in July 2018.

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