June 4, 2019 - (Lewisville, TX) - Bright Realty broke ground this week on Phase II of Discovery at The Realm, a multi-family development in the master-planned The Realm at Castle Hills community. This project is an expansion of the current 423-unit Discovery at The Realm multi-family complex and is one of several developments currently underway in the mixed-use community that includes multi-family, office, condos, retail, single family and entertainment. Phase II of Discovery at The Realm will include 271,868 square feet of multi-family space and is located just south of Windhaven Parkway at Castle Hills Drive in Lewisville, just off State Hwy. 121/Sam Rayburn Tollway.
The newest phase of Discovery at The Realm will feature two 4-story over podium buildings with 312 luxury apartments and high-end amenities such as a dog park with bench seating, a second fitness center and flex work-out/yoga room, bocce ball court and landscaped, outdoor seating areas with barbecue grills, fire pits and water features. The property will also include an extensive trail system that connects to the current Discovery trail system and, upon completion, will connect to the much larger system throughout The Realm at Castle Hills community.
In addition to its luxury amenities, Discovery at The Realm is equipped with an award-winning Variable Refrigerant Flow (VRF) heating and cooling system. The system was recognized in 2018 by the National Association of Home Builders for its "Game Changing Technology" in energy efficiency.
This phase of construction in the Castle Hills area complements several other projects currently underway or planned in Castle Hills:
- Phase I of The Realm at Castle Hills, Offices at The Realm, includes a nine-story development currently leasing office and first-floor restaurant and retail space.
- Phase II of The Realm at Castle Hills, currently under construction, features a 260-unit, 5-story apartment community with ground-floor restaurant and retail space. The first units are expected to deliver in late 2020.
- Sojourn at The Realm is an 80-unit condo project under construction and pre-selling now.
- Cottages at The Realm is a unique, all new rental home community that is now leasing three- and four-bedroom houses.
- Crown Centre is a planned mixed-use development that will include a corporate campus, apartments and retail.
"Texas continues to be the top destination in the country for business, and people who live and work here need a variety of residential products to choose from," said Bright Realty CEO Chris Bright. "Our multi-family residents have an average household income of $70,000 a year so they have several choices when it comes to where they want to live. They are telling us they want the advantages of a suburban setting - outstanding schools, access to a large airport and major employers - while living in a walkable, urban-type setting that allows them to upgrade over time without leaving that community."
The first phase of Discovery at The Realm delivered 423 high-end apartments and amenities, including a staffed, resident-only bar and lounge, in 2016. The second phase of Discovery at The Realm apartments is set to open in late 2020.
Partners for Phase II of Discovery at The Realm include master-plan architect 505Design; project architect BB&M Architecture, civil engineer and landscape architect LandDesign; general contractor Andres Construction; lenders First United Bank & Trust Company and ORIX Public Finance LLC.
About Castle Hills
Castle Hills is a 2,900-acre master-planned community located in Lewisville, Texas, offering new single-family homes, detached luxury golf villas, townhomes, condominiums and estate homes. Castle Hills is also home to Discovery at The Realm, an urban-inspired collection of apartment homes within a walkable community, including programming, activities and amenities. Located south of SH121/Sam Rayburn Tollway at Josey, with easy access to Dallas North Tollway, I-35 and DFW airport, Castle Hills residents enjoy shopping, parks, lakes, schools, swimming pools, hike-and-bike trails, a community garden, tennis and basketball courts, and multiple community centers. The Castle Hills Village Shops & Plaza is the neighborhood gathering place for dining, shopping and free community events, and The Lakes at Castle Hills private country club and golf course provides access to championship golf, tennis, swimming, social activities and more. www.CastleHills.com.
About Bright Realty
Founded in the 1950s by the late H.R. "Bum" Bright, former Dallas Cowboys owner and businessman, Bright Realty is the full-service commercial and residential real estate arm of parent company Bright Industries. Led by a family legacy of integrity and dedication, the Bright Realty team acts as developer, owner and operator of its residential and commercial developments. Best known for the highly successful 2,900-acre, master-planned residential community, Castle Hills, in Lewisville, Texas, Bright Realty also specializes in mixed-use, office, retail and multi-family development and brokerage. www.BrightRealty.com.
The Realm at Castle Hills
Discovery at The Realm