Realty Capital Supersizing Suburban Dallas Development

Realty Capital is planting more seeds at its 160-acre Lakeside community in Flower Mound.

The Irving-based company wants to expand the mixed-use development by building out the northeast corner of Lakeside Parkway and FM 2499, the Dallas Morning News reported.

The development, called Lakeside East, will span 21 acres. It’s slated for 350 luxury residences, a four-story office building, a hotel, retail and a parking garage.

The expansion will also have public trails and open spaces designed for community engagement, such as entertainment, arts and activities.

The Mediterranean-inspired Lakeside community has over 40 shops and restaurants, 260 single-family homes, nearly 1,300 multifamily units, 61 condominiums and 165,000 square feet of office space.

At full build, the Lakeside development will include up to 2,200 residences and 705,000 square feet of commercial space, carrying a combined value of $2.2 billion, the outlet reported.

For Lakeside East, Realty Capital is seeking input from the public on preferred retailers and restaurants, as well as the types of businesses to include in the office component. The developer aims to seamlessly integrate Lakeside East with adjacent development by ensuring walkability throughout the grounds.

“We want the intersection of Lakeside Parkway and FM 2499 to feel well-planned and very intentional, and we want visitors to feel like you are supposed to walk across FM 2499 from one corner to the other and take it all in as one place,” Realty Capital’s Jimmy Archie told the outlet.

Flower Mound officials must approve a zoning change and a master plan amendment in order to proceed.

The population of Flower Mound, north of Dallas-Fort Worth, grew 3.8 percent, to about 78,800, between 2020 and 2023, according to the Texas Demographic Center. Akin to many other north DFW suburbs, Flower Mound is experiencing a surge in development activity.

Other notable projects include Jack Furst’s 1,066-acre community, and Thompson Realty Capital’s 50-acre mixed-use development.

—Quinn Donoghue