The Lakeside Tower and Bungalows

Lakeside Tower Condos now Pre Selling.

They are going fast! Call Jeffrey to reserve your Waterfront Dream Home. 972-365-4069

 

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Lakeside Condominium Tower Groundbreaking on June 14th!  Welcome to our neighborhood!

 

Having met the required number of pre-sold units, the residential condominium tower at Lakeside DFW is moving forward! The broker handling sales for the Lakeside Tower said that 54% of the units have already been pre-sold. But first, the project will need approval from the town of Flower Mound. A site plan and a replat are expected to go before the Planning and Zoning Commission on May 9. If approved, the condo tower would be 15 stories tall and would include 48 individual units. Hayden said all of the units would have a view of the lake. The project would also include four bungalows adjacent to the condo. Currently, unit prices start out at $675,000 and increase based on square footage and what story the unit is on. Square footage ranges from 1,100 square feet to 5,000 square feet. 57200a5b5c01a_image

Leslie Bardo, vice president of marketing for Realty Capital, said the condo tower has drawn interest from not only Flower Mound residents wanting to downsize and live in luxury but also from residents in nearby cities such as Grapevine, Colleyville and Southlake. “That demographic wants to stay in the area,” Bardo said. “They have the choice to go to Uptown Dallas, but they don’t want to.”Bardo said the process to bring the first condo tower to Flower Mound has been different than other parts of the Metroplex.“When we searched for financing, one of the boxes that bankers check is what’s out there that’s comparable,” Bardo said. “Obviously, there aren’t suburban condo towers around here that we can compare. Not even in the vicinity.” Bardo said project leaders had to find the market to prove that this project would be viable. “We had to establish that market and let (the banks) know that there is a market, but there isn’t a product out there to purchase,” Bardo said. Bardo said it helped having several buyers sign agreements and put earnest money down early on. And for the most part, they stayed on board for months. “That was a light bulb moment for the lenders and the equity partners,” Bardo said. “There really is a market for this.”

 Richard Myers, managing director of Realty Capital, said the tower’s success will be key in Lakeside DFW’s development. “This is a pioneer project, and when you have a pioneer project, it can be difficult,” Myers said. “But once it proves itself, then it makes it easier.” Myers said the Lakeside Tower’s success would help justify a second tower, which is also planned for the project. He said it could be residential or commercial and that the first tower could draw interested parties for tours.

He said Lakeside Tower would generate “tremendous” ad valorem tax value to the town. “This will likely provide the most ad valorem taxes on any two-acre site in Flower Mound,” Myers said. He said the tower could also help attract a developer for the hotel and conference center that is proposed for the peninsula just south of the Lakeside DFW project. Plans for the hotel are on hold, however, as there was a change in developer earlier this year.

Overall, Bardo said the tower will also draw attention to the existing and future retail in Lakeside DFW. “This will create a synergy that will help finish out the area,” Bardo said.

A busy lifestyle deserves indulgent relaxation

Sip refreshing cocktails poolside or catch the cool breeze under a cabana. An invigorating massage is moments away at the on-site spa. The Lakeside Tower and Bungalows offer many first-class amenities for your enjoyment. Conveniently located on the Lobby level you will find a spa retreat, 24-hour concierge services, coffee bar, valet parking and on-site management offices. The Mezzanine will include a full-service salon, beautifully decorated guest suites for out-of-town visitors as well as climate-controlled storage units for each owner. Outdoors, residents will find a pet park with rinse station and convenient access to the Northshore Trail and the community’s 3.5-mile-long trail/boardwalk.

The best Click Here: Lakeside Tower Floorplans

Click Here: To download a full Tower Brochure PDF

Location

FM-2499-lake-airport-DRIVE-PATTERNS-aWhen the day calls for sailing, fishing, trail riding or a round of golf with good friends you are just minutes away. Water sports and recreation can be found year-round at Lake Grapevine; off-road biking on the Northshore Trail is accessible from Lakeside, and two beautiful golf courses are less than five minutes away.

A quick drive to Dallas or Fort Worth brings you all of the excitement of the big city including major sporting events, world-class restaurants, concerts, museums and shopping.

DFW International Airport and its gates — with their world of non-stops — lie just ten minutes away.

 

Lakeside Bungalows

bungalowsFrom the moment you arrive at The Lakeside Tower and Bungalows you’ll feel the elegance of resort-style living as you enter through the two-story porte-cochére into the welcoming modern lobbyA private elevator delivers you into a spacious floorplan with 10-foot ceilings and designer-inspired finishes and fixtures. The Lakeside Tower residences offer five floorplans ranging in size from 1,345 square feet with 2 bedrooms and 2 baths to 5,726 square feet with 4 bedrooms and 4.5 baths. Nesting floor-to-ceiling glass doors open to oversized balconies for indoor / outdoor entertaining and state-of-the-art home automation allows you to easily control your environment. Your choice of luxurious appointments include solid-wood cabinets, hardwood flooring, beautiful stone countertops, Wolf and Sub-zero stainless steel appliances and top-of-the-line faucets and fixtures to complete your home.

 

The “Tower Team”

Developer: Managing director Richard Myers of Realty Capital spearheads The Lakeside Tower project. Myers is a veteran of Dallas real estate, having served as a partner with GSC Realty Corporation and subsequently Lincoln Property Company. Realty Capital is the master developer of the 150-acre mixed-use Lakeside DFW project.

Architect: Dallas-based Humphreys and Partners has won national acclaim for its expertise with high-rise, multi-family projects. Most recently, the firm’s design for One Light Tower, a 25-story residential project in Kansas City, won a 2014 Gold Nugget Award.

Builder: Yates Construction brings a great deal of experience with high-rise structures, including The Residences at Stoneleigh in Dallas. The firm also has built hotels such as The Water Club in Atlantic City, NJ.-