LEWISVILLE, Texas, June 13, 2018 /PRNewswire/ -- Bright Realty
breaks ground today on a 324-acre, mixed-use development, The Realm
at Castle Hills, a new lifestyle
destination that includes office, dining, retail, entertainment and
multi-family developments, located just west of State Highway
121/Sam Rayburn Tollway and Josey
Lane in the Castle Hills
community in Lewisville. Upon
completion, the project will be a seamlessly connected, walkable
environment with an extensive trail system. Phase I of the project,
Offices at The Realm, is a nine-story Class AA office building
consisting of 235,000 square feet of office space and an additional
15,000 square feet of first-floor restaurant space. Situated in
front of the office building is Crescent Park, an expansive park
and outdoor entertainment space. The office building and park
are scheduled to deliver in mid-2019. Groundwork has also started
on Phase II of the project, a 260-unit multi-family complex above
35,000 square feet of retail.
The Realm is a 15-minute drive to DFW International Airport, a
two-minute drive to Grandscape and Nebraska Furniture Mart, and a
four-minute drive to Legacy West and the corporate headquarters of
Toyota, Liberty Mutual, FEDEX and JP Morgan Chase. It offers an
easy commute from Plano,
Carrollton, The Colony and Frisco. The Realm is situated
on the former H. R. "Bum" Bright family ranch, merging family
legacy with a design that maintains natural elements, creating
streetscapes that connect office, retail and luxury living into a
comfortable yet vibrant setting.
"The demand to live, work and play in the same area has
transformed our suburban communities," said Chris Bright, Bright Realty CEO. "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. We want people to live, work, play and
stay at The Realm and with the varied and numerous lifestyle
products we are offering here, they will be able to do just that
for generations to come."
Inspiration for the architectural and interior design of the
community blends classic forms with contemporary gestures to create
a fresh, new interpretation of "Texas Hill Country" and modern
design.
"In collaboration with our design partner 505Design, BOKA Powell
incorporated contemporary materials into the design of the office
building to create a place that is welcoming and refined. The
exterior of the building is a blend of limestone, concrete, glass
and metal with a 47-foot core-to-glass lease depth and a five-foot
grid for ease of space planning," said Chris Barnes, principal-in-charge at
Dallas-based design firm BOKA
Powell.
Phase I of the project, Offices at The Realm, includes Wi-Fi
connected tenant common areas to promote interaction including a
community lounge and patio, conference center, rooftop deck
seating, computer bars and a fitness center. The office complex
also includes ample surface and structured parking. The restaurant
space below the office offers a reprieve from the work day with
second-floor terraces overlooking Crescent Park, which includes
shaded seating, event space, intricately designed water feature
with custom water shows sequenced to music and a splash fountain
for children and pets. In addition to architect BOKA Powell and
design architect and interior designer 505 Design, Offices at The
Realm landscape architect is Land Design and general contractor is
Hill & Wilkinson. Southwest Bank, a division of Simmons Bank, is the lender for the
project. Colliers International will oversee leasing the
office space and Bright Realty is managing the brokerage of the
retail/restaurant space.
Phase II of the project, with a delivery date of mid- to
late-2020, is a mix of multi-family with first-floor boutique-style
retail space. The Realm apartment architect is BOKA Powell; design
architect and interior designer is 505 Design; landscape design is
Land Design; and general contractor is Andres Construction.
Additional phases of The Realm include condominiums, a large
amphitheater entertainment district, retail, restaurants and
additional multi-family living opportunities.
The Realm at Castle Hills
complements Bright Realty's highly successful Castle Hills master-planned community, which
currently has almost 4,500 single family homes; Discovery at The
Realm, a luxury, 423-unit multi-family development; Cottages at The
Realm, a unique all-rental, single-family home neighborhood; The
Lakes at Castle Hills, a private
golf course and country club; and the Castle Hills Village Shops, a
neighborhood shopping and entertainment destination with
condominiums.
Read more about The Realm here:
http://www.brightrealtyco.com/developments/TheRealm. See a
video about Offices at The Realm here: https://vimeo.com/219007477.
For information on leasing office space at Offices at The Realm,
contact the Colliers International leasing team. For information on
leasing restaurant space at Offices of The Realm, and/or Phase II
retail, contact Bright Realty's leasing team.
About Bright Realty
Headquartered in Castle Hills,
Bright Realty specializes in residential and commercial land
development, including master-planned communities, office, retail
and mixed-use lifestyle centers. The company is a full-service real
estate firm offering services such as land brokerage; customized
property management and accounting; leasing advisory services;
owner and tenant representation; project management; asset
disposition; golf course operations; and landscape
services.
About Southwest Bank
Southwest Bank is based in Fort
Worth, Texas. Southwest Bank is a division of
Simmons Bank, based in Pine Bluff, Arkansas, and is a $15 billion regional bank operating in seven
states.
About Colliers International Group Inc.
Colliers International Group Inc. is an industry-leading real
estate services company with a global brand operating in 69
countries and a workforce of more than 12,000 skilled professionals
serving clients in the world's most important markets. Colliers is
the fastest-growing publicly listed global real estate services
company, with 2017 corporate revenues of $2.3 billion ($2.7
billion including affiliates). With an enterprising culture
and significant employee ownership and control, Colliers
professionals provide a full range of services to real estate
occupiers, owners and investors worldwide. Services include
strategic advice and execution for property sales, leasing and
finance; global corporate solutions; property, facility and project
management; workplace solutions; appraisal, valuation and tax
consulting; customized research; and thought leadership
consulting.
View original content with
multimedia:http://www.prnewswire.com/news-releases/bright-realty-breaks-ground-on-the-realm-at-castle-hills-a-324-acre-mixed-use-development-featuring-office-retail-restaurant-entertainment-and-multi-family-300665727.html
SOURCE Bright Realty