The development will feature multifamily units by developer Trammell Crow Residential. The apartments will be built in two phases. The first phase will contain
301 multifamily units and 32 carriage homes, which were also referred to as townhomes. The multifamily units will range in price from
$1,200/$1,400 to $2,000 a month.
Phase 1 will also include a
Hilton branded hotel, Tru. Developers are also required to have a
minimum of 57,500 square feet of commercial space under construction in Phase 1.
Phase 2 will include the rest of the development’s residential units but only once the commercial space is finished in Phase 1.
The applicant, Direct Development, said
two Class A office buildings will likely be built in Phase 2.
The developer said the reason why Flower Mound has not been able to attract Class A office buildings is because there is no where for the workers to live. Therefore, the multifamily must be built first.
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