It’s hard to believe that Lewisville’s Castle Hills community is now more than than 15 years old, and despite getting started all the way back in the late 1990s and having a population of over 12,000 residents to date, development for this sprawling master plan is still only about 60 percent complete, with plenty more work ahead for developers.
Conveniently situated right off Highway 121, single-family homes in Castle Hills typically price between $300,000 and $1.5 million, with some even exceeding that. Until recently, single-family dwellings were really what the Castle Hills community was known for, but now that the market has changed and everybody seems to be going after Millennials and young professionals, rentals are now starting to make their way over to the neighborhood, expanding the area’s demographic and broadening the appeal of this incredible suburban Dallas community.
According to reports, the next stage of Castle Hills calls for 4,000 luxury rental apartments—a project that’s going to cost an estimated $75 million.
Called Discovery at The Realm, these incredible new residences will offer between one and two bedrooms, while views from many of its units will overlook a community lake with a waterfall. With young professionals in mind, amenities will include a full fitness center, a clubhouse, and another new commercial development called The Realm, which will be a 324-acre urban center with 269,500 square feet of retail, restaurant, and entertainment space, as well as an additional 300,000 square feet of office space, 546 residential units above the retail stores, and even a boutique 100-room hotel.
Those behind the project have already broken ground for Discovery at The Realm back in December and the first group of units should be available in April 2016. So, if you’re looking for a stylish new apartment and want the perfect combination of urban and suburban, Discovery at The Realm may just be a perfect fit.
For more information about Discovery at The Realm in Castle Hills, contact DFW Urban Realty today at (214) 764-4124 or simply fill out the contact form below to receive updates about this dynamic new addition to the Castle Hills community in Lewisville.