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Developer Bright Realty has broken ground on another apartment community in its Castle Hills development in Lewisville.
Work has started on the second phase of the Discovery at The Realm apartments, located near Windhaven Parkway off State Highway 121.
The first phase of the project includes 423 apartments opened in 2016.
The 312 rental units just started are in two 4-story buildings. The new apartment community includes a dog park, a fitness center with work-out/yoga room, bocce ball court and landscaped outdoor seating areas.
Bright Realty is already building a 260-unit, 5-story apartment community and an 80-unit condo project on nearby sites.
The projects are all part of a $1.5 billion mixed-use development called The Realm at Castle Hills.
"Texas continues to be the top destination in the country for business, and people who live and work here need a variety of residential products to choose from," Bright Realty CEO Chris Bright said in a statement. "Our multifamily residents have an average household income of $70,000 a year so they have several choices when it comes to where they want to live.
"They are telling us they want the advantages of a suburban setting – outstanding schools, access to a large airport and major employers – while living in a walkable, urban-type setting that allows them to upgrade over time without leaving that community."
The new Castle Hills apartment project was designed by 505Design and BB&M Architecture. The general contractor is Andres Construction.
The development is funded by lenders First United Bank & Trust Co. and ORIX Public Finance LLC.
Castle Hills is just west of the huge Grandscape development on Highway 121, which is anchored by Nebraska Furniture Mart.
The community, which was started in the 1980s, is one of the Dallas-Fort Worth area’s most successful residential communities.
Bright Realty started construction on The Realm last year with a 9-story office and retail building in the first phase.
Bright Realty has broken ground on a second phase of its Discovery at The Realm apartments in Lewisville.