PHASE I OF LAKESIDE IN FLOWER MOUND TO BREAK GROUND

FLOWER MOUND, TEXAS — Phase I of Lakeside, a mixed-use development located at FM 2499 and Lakeside Parkway in Flower Mound, is slated to break ground on April 24. The development will be located on the shores of Lake Grapevine. Phase I will include six buildings featuring 45,000 square feet of commercial space on the ground floors and 170 residential lofts on the upper floors. Phase I will also include 170 single-family homes by Darling Homes, American Legend Homes and Normandy Homes. Additionally, multifamily developer Greystar is planning to build urban-style residences in Phase I. Seven new parks are also planned. In all, Lakeside will span 150 acres and feature single-family and multifamily residences, lake-view restaurants, shops, cafes, hotels, a boardwalk and an amphitheater. Realty Capital Management is overseeing Lakeside's development.