Bright Realty has broke ground on the $1.5 billion The Realm at Castle Hills, a mixed-use project in Lewisville, Texas.
Construction of Phase I will be completed in mid-2019. Phase I of The Realm consists of Offices at The Realm, a 235,000-square-foot, class A office building. The nine-story tower will feature 15,000 square feet of ground-level retail space and a park and outdoor entertainment venue.
“The demand to live, work and play in the same area has transformed our suburban communities,” said Chris Bright, CEO of Bright Realty. “The Realm is designed with that in mind and with a focus on an overall quality of life that offers a sophisticated suburban setting with generous outdoor and event spaces.”
The second phase of the project will include 260 apartments above 35,000 square feet of retail. It has a delivery date of mid- to late 2020.
Mixed-use development is the second largest market, accounting for nearly 25 percent of all cranes in Nor
