Second phase on the way at Lewisville's $1 billion Crown Centre development

recent news Published Articles January 24, 2023

Developers are eyeing construction of the second phase of a Lewisville office campus.

Bright Realty in 2019 broke ground on the first phase of its 140-acre Crown Centre office campus at State Highway 121. The first building in the project opened in 2020. The four-story, 109,000-square-foot project is the first of 30 buildings planned. Retail inventory and analytics firm WIS International leased most of the new building last year.

Now Bright Realty is planning to start Castle Hills Crown Centre - Phase 2, according to planning documents filed with the state. That four-story, 147,000-square-foot speculative office building will be built on Regent Way and will start construction in March, according to the Texas Department of Licensing and Regulation.

The $30 million project is scheduled to open in 2024. Dallas architect Corgan designed the building.

Crown Centre is a more than $1 billion mixed-use development in Bright Realty’s Castle Hills community, which also includes thousands of homes and commercial space. Almost 3 million square feet of offices, 2,000 apartments, 140,000 square feet of retail and restaurants plus hotels are planned in Crown Centre on S.H. 121 at Parker Road.

The site for Crown Centre is some of the last remaining undeveloped land in the 5,000-acre Castle Hills community. Castle Hills has been under construction for more than two decades.

Dallas-Fort Worth is one of the country’s fastest-growing office markets with more than 7 million square feet of buildings on the way.

Steve Brown, Dallas Morning News

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