Texas & Louisiana On the Scene: February 2023

Abstract

Merriman Anderson Architects and Realty Capital Residential broke ground on the 16-story luxury residential tower located at 3111 Sunset Boulevard on Lake Grapevine in Flower Mound, Texas. The residential tower will consist of 207 one-, two- and three-bedroom units including penthouses and townhomes. The residential tower is part of the new 40-acre Lakeside Village resort community development. Lakeside Village is the final phase of the 160-acre Lakeside mixed-use project featuring an existing residential tower, hotels, lakefront restaurants, office space, retail shops, walking trails and an outdoor performance venue. The 3111 Sunset residential tower is adjacent to the new community lawn and provides luxury high-rise living with stunning views of Lake Grapevine. Construction will include a 250,000-sq-ft hospital and a 160,000-sq-ft medical office building. Wadley Regional Medical Center expects that construction of the new hospital combined with the ongoing impact of the hospital's employee base will result in a total economic impact of $408 million in the two-county Texarkana service area.