Zale Properties has plans to develop The View at Sapphire Bay, a class A, 394-unit, mid-rise multi-housing community located on the shore of Lake Ray Hubbard in Rowlett, Texas.
JLL Capital Markets closed the $58.3 million construction financing for the project.
Upon completion in May 2024, the five-story View at Sapphire Bay will consist of one-, two- and three-bedroom floorplans averaging 941 square feet. The units will feature open-island kitchens, white custom cabinetry, full-size washers and dryers, designer-pendant lighting, spacious walk-in closets, quartz and granite countertops, 10- to 14-foot ceilings, hardwood-style flooring, stainless-steel appliances and private balconies. Community amenities will include co-working office space, game rooms, resort-style pool, cabana and grill house with outdoor fireplace, state-of-the-art fitness center, pet spa, a garden courtyard and kitchen, and a landscaped picnic area.
The site is located within the master-pl
