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$150M development to bring new residential, commercial and hotel buildings to suburban Dallas

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The Flower Mound City Council has approved a plan by Direct Development to build a new $150 million mixed-use project with 500 residential units, two office buildings and a 100-room Hilton hotel. Construction on the 35-acre Point project will begin in 2018. Direct Development has built five projects in Flower Mound over 20 years, and the area, which is in the Lakeside DFW district, is also expecting large new developments from Greystar and Realty Capital Management. [Dallas Morning News]