16-Story Residential Tower Takes to Sky at Lake Grapevine
Realty Capital Residential has closed on financing and started construction on 3111 Sunset Boulevard, a residential tower in Lakeside Village, a 40-acre resort community on Lake Grapevine in Flower Mound.
3111 Sunset will be a 16-story residential tower with views of Lake Grapevine. The project consists of one through three bedroom tower residences, penthouse units, townhomes, 6,000 square feet of retail and restaurant space, and a five-level parking garage. The average unit size is 1,485 square feet and guest suites will be available for residents to reserve. Building amenities include a sixth floor landscaped pool deck with lake views, a full-service bar, a 14th floor private dining room, 24-hour attended lobby, concierge, valet parking, billiards room, golf simulator and a 50-foot lap pool and spa.
3111 Sunset is now under construction by Archer Western. Barings provided the construction funding and Creek Lane Capital and Realty Capital Residential provided the equity for the project. Construction of 3111 Sunset should be complete by early 2025.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!