The development will be located within the Castle Hills community at 1921 Hwy. 121, Lewisville. Crown Centre II is part of the real estate company’s long-term plan to invest in Lewisville and continue to elevate the region’s economic development efforts, according to a press release.
“This expansion is a positive step in furthering the development of the Castle Hills community,” said Britton Lankford, senior vice president for Bright Realty, in a press release. “This is one of many recent investments aimed at growing the company’s premium portfolio and transforming the company’s offerings to meet market demand in Denton County.”
The $50 million investment will bring a four-story, 147,000-square-foot office building to the area. Crown Centre II will neighbor Crown Centre I, which was completed in 2020 and is currently 89% leased.
Upon completion, the Crown Centre development will include up to 2,000 multifamily units, 3 million square feet of office space and up to 500 hotel rooms. It will also have open spaces with lakes and trails, outdoor event space, retail, and green space. The land encompassing Crown Centre is the last remaining undeveloped land in the Castle Hills community. 972-410-6500. www.brightrealty.com
Destine Gibson, Community Impact