Multi-housing / PRS

Crown Centre (4.8 Acres)

5500 Tx-121 Lewisville, Texas United States 75056
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 2018
Building Area

Property Description

JLL is pleased to present a SHOVEL READY 4.8 ACRE, 300 UNIT MULTI FAMILY ENTITLED SITE in Lewisville, TX.  

Investment Highlights

• 4.8-acre multifamily site available for sale in the 130-acre master planned community of Crown Centre.

• Located in the 2,900-acre master planned golf course community known as Castle Hills

• Just south of Lake Lewisville in the highly-sought area of Sam Rayburn Tollway and SH 121 Business, this opportunity is one of the only remaining tracts of developable infill land in DFW of this size and magnitude. 12-miles northeast of DFW International Airport, 7 miles west of Legacy and less than

5- miles from the recently developed Nebraska Furniture Mart .

• Crown Centre’s designed plan and remaining entitlements include 2,000 apartment units, 500 hotel keys, 3.4 million SF of office, and 200,000 SF of additional non-residential

• A unique Public/Private Partnership exists with the City of Lewisville and Denton County to provide funding for roads, water, sewer, drainage, and park spaces (and others uses) through a Public Improvement District/Fresh Water Supply District (“PID #5” or “FWSD 1-G”) and a Tax Increment Reimbursement Zone (“TIRZ #3”).

Last Updated Date: 02 Nov 2020
Nick Hayden
Nick A. Hayden
Senior Director
Michael Swaldi
Michael Swaldi
Senior Managing Director, Capital Markets

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Last Updated Date: 02 Nov 2020

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