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Published 1st Mar. 2017

Realtor Advisory Board Members Hear Castle Hills Future Development Plans

 

Comprised of the area’s top-producing Realtors, the Castle Hills Realtor Advisory Board learned about Bright Realty’s upcoming plans for residential development in Castle Hills at the board’s first meeting for 2017. Held at The Lakes at Castle Hills, the board meeting featured Bright Realty CEO Chris Bright who outlined the plans for residential activity in Castle Hills which will see 500-600 new lots developed in the coming years.

The CEO noted that since the first lot was developed in January 1997 Castle Hills has grown to 4,000 single family homes. Bright shared that Castle Hills will continue to diversify its product mix, which in recent years has included patio homes in the very successful Golf Villas neighborhoods, and more recently expended to townhomes and multi-family products.

The newest residential product selling in Castle Hills is Chateaux at The Shops. These 19 luxury townhomes, built by American Legend Homes, are situated within the Castle Hills Village Shops and address the “live/work/play” aspect of the community – connecting residents to retail, office and entertainment – which is a driving factor in all of Castle Hills’ development.

In addition to the townhomes, Bright Realty will also be offering 18 multi-family units at the Village Shops, the first to be delivered this summer. This is in addition to Bright Realty’s luxury apartment community Discovery at The Realm, which houses 423 units in 3 buildings, currently leasing.

The second phase of The Villas is selling now, with more than 80 percent of Phase 2 sold out. Buyers at The Villas appreciate a low maintenance, country club lifestyle with stunning golf course views. Sales are also brisk in Southpointe, with only about 70 home sites available, and Northeast is in close-out. Upcoming phases for single-family development on a variety of lot sizes from 41-foot to 80-foot are under development, with delivery timeframes 12-24 months out.

Beyond residential development, Bright explained that Bright Realty’s development activities will continue to shift to commercial projects. The Realm at Castle Hills is a planned mixed-use project that will combine the best of shopping, dining, working and living, and Crown Centre is a corporate campus which continues to get attention from brokers, as do the numerous smaller pad sites in and around Castle Hills commercial corridor.

Bright attributed much of Castle Hills’ success to its residents. “As the developer, we give tools and access to residents to allow neighborhoods to be what they want them to be,” said Bright. “The residents drive that evolution.” And regarding his approach to development this year, he said, “I still have my foot mashed down on the accelerator, and I don’t anticipate changing that thought process in 2017.”

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