Flower Mound City Council Approves 120,000 SF Spec Office Project

FLOWER MOUND, TEXAS — The Flower Mound City Council has approved an agreement with FM 2499 Office Venture LLC, an affiliate of Irving-based Realty Capital, to develop a 120,000-square-foot speculative office building in the northern Dallas suburb. The city will commit $25 million to the four-story, Class A project, which has a target completion date of late 2022. The project will include the development of a 480-space parking structure.