2017-10-11 Visit the Bright Realty Team at November’s ICSC Deal Making Event
The Bright Realty team is returning to the International Council of Shopping Centers (ICSC) Texas Conference and Deal Making event in Dallas November 8 through 10. The event, which will take place at the Kay Bailey Hutchison Convention Center, brings together potential retail partners from across the state, giving them the opportunity to share information about the area’s most exciting retail projects.
“This year’s most talked about properties are along the State Highway 121 Corridor,” said Lucas Patterson, Bright Realty executive vice president. “We anticipate a lot of activity at our booth as we have a significant number of opportunities in that area.”
Bright Realty properties getting attention in the area include The Realm at Castle Hills, the Castle Hills Village Shops and pad sites at the intersection of Josey and Windhaven. The Realm at Castle Hills is a 1.4 million-square-foot mixed-used project with retail, office and restaurant opportunities, as well as more than 4,000 luxury multi-family units at Discovery at The Realm. The popular Castle Hills Village Shops continues to grow, with Phase 5 offering 5,206-square-feet of available space. The Village Shops recently signed a craft brewery, TKO Libations, to its neighborhood location to complement its existing restaurants, as well as onsite townhomes and condominiums, which provide additional activity to retail tenants.
Bright Realty is also offering pad sites on the southeast corner of Josey and Windhaven. The corner features two available lots totaling more than 100,000-square-feet on the ALDI-anchored site. ALDI is currently under construction and will deliver in 2018, joining Dream Wash Auto Spa, Caliber Collision, Honest-1 Auto Care and CubeSmart Self-Storage.
In addition, Bright Realty recently broke ground on a 6,600-square-foot shopping center in Burleson. The retail site, near the corner of Hwy 174 and FM 731, will be developed as Elk Crossing and will have a 2,200-square-foot R Taco with a patio. Just over 4,400-square-feet, including an endcap with a drive-thru opportunity, is still available for lease. The intersection is high-traffic and is anchored by a Kroger and a Premiere Cinemas movie theater, with an HEB, Home Depot and Target across the street.
2017-10-10 Bright Realty Completes Sale of Castle Hills Commons
Bright Realty has completed the sale of its Castle Hills Commons retail site. Located on State Highway 121 near Nebraska Furniture Mart, Bright Realty broke ground on the 7,727-square-foot center in March 2016 and construction was completed August 2016. The site’s anchor, Starbucks, opened the following October and other tenants – Planet Sub, Great Expressions Dental Center and F45 Training – quickly followed. The location was fully leased when it was purchased by a private investor in September 2017.
“The State Highway 121/Castle Hills area is one of the fasting growing areas in the state,” said Britton Lankford, senior vice president. “Once again, we are proud to be front-and-center in the phenomenal growth we are experiencing here and to offer such a valuable investment opportunity.”
Bright Realty will implement the same successful strategy it used with Castle Hills Commons on its new Elk Crossing retail site in Burleson. The company broke ground on a 6,600-square-foot shopping center in September. The center will include a 2,200-square-foot R Taco with a patio, as well as 4,400-square-feet still available for lease, including an endcap with a drive-thru opportunity. The high-traffic intersection is anchored by a Kroger and a Premiere Cinemas movie theater, with an HEB, Home Depot and Target across the street. Upon completion of construction and tenant leasing, Bright Realty will offer Elk Crossing as an investment opportunity.
2017-09-28 Bright Realty Breaks Ground on New Burleson Shopping Center
Bright Realty broke ground on a 6,600-square-foot Burleson shopping center on September 7th. The retail site at 264 John Jones Drive (near the corner of Hwy 174 and FM 731) will be developed as Elk Crossing and will have a 2,200-square-foot R Taco with a patio. Just over 4,400-square-feet, including an endcap with a drive-thru opportunity, are still available for lease. The intersection is high-traffic and is anchored by a Kroger and a Premiere Cinemas movie theater, with an HEB, Home Depot and Target across the street.
Tim McNutt and Paul Harmon represented R Taco in the transaction. Pictured at the September groundbreaking celebration are Gary Grossman, Bright Realty SVP; Tim McNutt, Bright Realty VP; Connor Cupit, Greenbriar Restaurant Holdings managing partner & CEO; Paul Harmon, Bright Realty VP; and Lucas Patterson, Bright Realty executive VP.
2017-09-05 Bright Realty Returns as City of Lewisville Western Days Sponsor
Bright Realty’s Castle Hills is returning as sponsor of the City of Lewisville’s popular Western Days. The event takes place Friday, September 29, and Saturday, September 30, in Old Town Lewisville. The festival features live music on three stages, including performances by Friday’s headliner, Turnpike Troubadours, and Saturday’s headliner, the Randy Rogers Band. Families can enjoy unique arts and crafts vendors, gunfight re-enactments, Native American singers and dancers, the World Tamale Eating Championship and the annual cattle drive parade with Texas Longhorns.
The Kid Country Playground presented by Castle Hills features activities for young children. The Castle Hills Culinary Corner will feature live chef demos and tastings.
The event, which is anticipated to draw 25,000 attendees, is designed to showcase the history and spirit of the west and encourages attendees to find their inner cowboy. Other western-themed activities include a Stick Horse Rodeo, mechanical bull and pony rides. There will also be a Craft Beer Pavilion and car show.
“Bright Realty is a long-time supporter of the city of Lewisville and we are proud to be a five-year sponsor of Western Days, which just gets bigger and better every year,” said Eric Stanley, president & COO. “We consider them a great partner to Castle Hills and we are pleased to be a part of the event again this year.”
2017-09-04 Bright Realty is Front and Center at Forum on 121 Corridor Growth
More than 400 real estate professionals attended the August 8th “121 Corridor Development Update: The Boom Continues,” sponsored by Bisnow. Eric Stanley, Bright Realty President & COO, was a featured panelist on the topic of 121 Corridor growth, along with leaders from Gaedeke Group, Kaizen Development Partners, Altera Development and McKinney EDC.
The featured panelists at the event all have firsthand experience in the development of the area. Bright Realty had an early presence in 121 Corridor development and growth with its Bright family farm and Castle Hills master-planned community, which has approximately 4,000 single-family homes and is still growing. Stanley spoke about the entrepreneurial spirit, public/private partnerships and collaborative efforts that contributed to the area’s success, as well as the “live, work, play” concept that is a requirement in the current office tenant and residential marketplace.
“The number of people and jobs coming to this area – to such a small portion of land – now and over the next few years is unprecedented. We must have places for people to live, work, shop and play. They want an active environment and the marketplace requires those changes now,” said Stanley. Bright Realty has adapted to this demand with The Realm, a planned mixed-use development along State Highway 121 at Castle Hills Drive. The Realm will combine the best urban lifestyle benefits of retail, entertainment, office and multi-family in one vibrant setting. Bright Realty’s Crown Centre is a 150-acre corporate campus located along State Highway 121. Crown Centre will bring more than three million square feet of Class A office and retail space to the area along with tenant amenities such as outdoor seating areas and a lake, additional water features, abundant green space and a bocce ball court.
This event was a follow-up to Bisnow’s “121 Corridor Expansion” forum in August 2016, where Stanley was also a featured speaker.
Read more about Bright Realty’s developments in this area here.
2017-08-03 Bright Realty Attracts Local Craft Brewery to Castle Hills
TKO Libations to Open in Castle Hills Village Shops in September
Craft brewers in Texas face a unique set of issues as they start their businesses, and leasing commercial space is one of those challenges. Leases for breweries differ from those for traditional food and beverages sites, with specific permitting, zoning, parking, production, safety and build-out requirements.
Bright Realty was able to meet those challenges and attract TKO Libations to Phase 3 of Castle Hills Village Shops. TKO Libations, a 2,810-square-foot brewpub featuring the recipes of award-winning brewers, is slated to open at Bright Realty’s Castle Hills Village Shops in September 2017. The Village Shops is in the heart of the master-planned Castle Hills community in Lewisville, located at King Arthur Blvd. and Lady of the Lake Blvd.
“As a landlord, we were willing to put in the needed extra work to bring a brewery into the Castle Hills community,” said Lucas Patterson, executive vice president. “We determined that the brewery was a good fit for the vibrant Castle Hills community, with hopes it will attract beer lovers beyond Castle Hills. Along with our tenants, we agreed that the location, unlike the traditional industrial brewery setting, was also a benefit.” The unique site offers views of Lake Avalon, The Lakes at Castle Hills golf course and the plaza’s water features, with an indoor bar, seating areas with games and TVs, outdoor patio seating areas and a separate brewery space with windows to view the brewing operations.
Bright Realty went the extra mile for the brewery tenant to ensure that state and federal regulations surrounding the brewing and selling of alcohol were met, as well as regulations regarding distance from the community’s onsite elementary school, and brewery-specific ventilation and safety measures.
TKO Libations will craft bold, all natural ales and lagers onsite, as well as refreshing non-alcoholic beverages, all using ingredients sourced locally. The brewpub will also offer beverages including beer and wine from select local craft brewery and winery partners, as well as national products that are underrepresented in North Texas.
The menu will feature a variety of favorite brews including several Brew Riot Homebrew award-winning recipes. Beer selections consist of a seasonal gingerbread porter, called Gingerbread Monster, 2016 1st place winner of 2016 Best Specialty Beer and 2015 1st place in the Christmas/Winter category; a Belgian strong dark ale, Abbey Delight, 2016 3rd place winner in the Belgian and French Ale Group; and a dopplebock, called Dopple the Pleasure, which won 3rd in its category.
TKO Libations is among other popular tenants at the Village Shops such as T.B.D. Kitchen, PI.E 3.14 Everyday Eatery, Kanzi Sushi & Hibachi, Sophia’s Kitchen and Z’s Wok.
“The Village Shops has become a destination for foodies,” added Patterson. “Our determination to work with tenants and finish out the space for a brewery means that it will now become a destination for craft beer fans.”
2017-08-02 Take a Video Tour of Bright Realty’s The Realm at Castle Hills
Creating inviting places to shop, dine, live, work and play is what mixed-use developments strive to achieve as people continue to simplify their demanding lives. Bright Realty has embraced this concept with their planned project The Realm at Castle Hills which offers office, retail and multi-family surrounding a pedestrian-friendly outdoor plaza and entertainment area. Located on the south side of the Sam Rayburn Tollway at Castle Hills Drive, The Realm is approximately five minutes from both the new Legacy West and Grandscape projects, and 15 minutes from DFW International Airport. This mixed-use development plans to add an urban core of 1.5 million square feet of retail, office, restaurant and entertainment space, in addition to nearly 1,000 multi-family units.
Brokers and potential tenants interested in The Realm can now take a video tour, which offers an overview of the development, starting with its location. Situated along the much sought-after SH 121 corridor, the nine-story office building, currently being preleased by Colliers International, also offers ground floor retail and restaurant with outstanding tollway visibility and prominent building and monument signage. Its 239,000-square-foot Class A office space provides exceptional amenities such as an outdoor plaza, tech-enhanced public and tenant conference areas, a fitness center, a two-level parking structure and is located within the exclusive golf course community of Castle Hills. Modern streetscapes connect retail, entertainment and residential amenities to the outdoor entertainment plaza, with seating, a lake with water features, and green space.
“The Realm offers the very best urban live-work-play setting in a thriving suburban location,” said Eric Stanley, president and COO. “The area provides significant employment opportunities and accessibility, as well as proximity to a growing affluent population of potential shoppers and clientele from Castle Hills, Frisco, Plano and Lewisville. It’s also walkable from Bright Realty’s luxury Discovery at The Realm multi-family development, the first project to fulfill Bright Realty’s plans for The Realm.” Discovery offers resort-style amenities like a staffed clubhouse with local craft beers and wine; a dog park; a lake with a beach entry, piers and shaded seating; and a fitness center that offers classes like spin and yoga.
Ground will break on The Realm at Castle Hills in Q4 2017. For more information on pre-leasing office space, contact Colliers International:
John Conger, email@example.com, 972-759-7850
Michael Carmichael, firstname.lastname@example.org, 214-706-6020
David Quisenberry, email@example.com, 214-217-1226
For more information on leasing retail sites, contact Bright Realty:
Britton Lankford, firstname.lastname@example.org, 972-410.6597
Paul Harmon, email@example.com, 972.410.6596
More information on The Realm at Castle Hills can be found at the following: http://www.brightrealtyco.com/experience/developments.php
2017-07-06 Bright Realty-Sponsored Concert Series Draws Crowds, Emphasizes Community
Castle Hills Spring Concert Series was a huge community success, underscoring the value Bright Realty places on funding free events that build community. The Saturday night concerts, on May 13 and June 10, drew large crowds to the Village Shops, exposing retail and restaurant tenants to potential customers, reinforcing the Village Shops as the heart of Castle Hills and exemplifying again Bright Realty’s commitment to community.
The concerts – Big City Outlaws’ country rock show in May and The Boy Band Night’s boy band tribute in June – drew hundreds of friends and neighbors to the shops. The concerts also included a long list of family-friendly pre-show activities surrounding the music performances: bounce houses, carnival games and prizes, a black light photo booth and more.
“Bright Realty’s commitment to creating a sense of community is evident at these neighborhood events. They become annual traditions for families, opportunities to see your neighbors and to make new friends,” said Eric Stanley, president and COO. “They are also a great chance for us to promote the Village Shops retailers, as guests are encouraged to arrive early for events to have dinner at one of the neighborhood restaurants or drinks on one of the restaurant patios. The events also expose potential home buyers to the community as many people attending are first time visitors to Castle Hills.”
While Bright Realty funds the bulk of the costs for the concerts, local businesses have also been eager for the opportunity to serve as event sponsors. This year’s concert series underwriters are all repeat sponsors: Kroger and Grande Communications have served as sponsors since the series’ inception three years ago; the City of Lewisville has served as overall event sponsor for the last two years; and Krieger Orthodontics & Smile Design is also a two-year sponsor.
In addition to the Castle Hills Concert Series, Bright Realty plans annual holiday-themed community events throughout the year at the Village Shops including the July 4th Freedom Fest, in its 19th year, the Holiday in the Plaza Christmas Tree Lighting and the Fall Festival. Additional family-friendly events are also scheduled, such as classic car and truck shows, art & wine walks, and marionette shows among others. The events bring increased foot traffic to the shops throughout the year and are posted and chronicled on Castle Hills Village Shops website.
“We see these events as an investment in our community,” added Stanley. “They benefit our current residents, showcase the community to potential home buyers and bring customers to our Village Shops tenants.”
2017-07-05 Annual Bright Realty Golf Classic was a “Big” Success
The 50th Annual Bright Realty Golf Classic for Big Brothers Big Sisters (BBBS), held on May 1st at The Lakes at Castle Hills, was a great success. The event raised $196,000 for the local organization that provides children facing adversity with role models and mentors who will change their lives for the better.
“Bright Realty has served as title sponsor for this event for eight consecutive years,” said Chris Bright, CEO, “because we support the BBBS vision of helping children at risk achieve success in life. All of the money raised goes directly toward getting Big Brothers and Big Sisters for local children on waiting lists. We are proud to support an organization that has such a direct and lasting effect on the lives of so many young people.”
Two hundred golfers participated in the event which took place on a gorgeous day at The Lakes, a private country club and course in the master-planned Castle Hills community. Golfers enjoyed drinks and food at The Lakes clubhouse and goody-filled swag bags. Top winners walked away with a Yeti cooler.
Big winners for the morning round included 1st place: Crossland Construction; 2nd place: Bright Realty; and 3rd place: Maxim Management. Afternoon winners were a 1st place independent team: Marc Lyons, Pat Shultz, Wayne Pickering and Pat Arthur; a 2nd place independent team: Jacob Murray, Matt Shem, Andy Nord and Mike Oswald; and 3rd place: Bright Realty.
2017-05-31 Bright Realty RECon Recap: Brick and Mortar Still Rule
The Bright Realty team returned from this year’s ICSC RECon event with a strong message: brick and mortar retail is still very much alive in spite of the ongoing expansion of online shopping outlets. This year’s International Council of Shopping Centers convention in Las Vegas May 21-24 drew more than 37,000 participants. While at the convention, individuals from Bright Realty’s brokerage team met with real estate representatives in the Bright Realty suite at Bellagio and at the Las Vegas Convention Center.
Of the more than 1,200 exhibitors, many were vying for access to restaurant, entertainment, fitness and hotel tenant reps seeking physical locations for their “internet-proof” clientele, while others were hoping to appeal to tenant reps seeking attractive retail spaces to complement their online stores. “While big development news is focused on restaurants and entertainment tenants like Top Golf, many retailers are working on smaller deals to simply expand locations or complement their online businesses,” said Britton Lankford, senior vice president.
While in Vegas, Bright Realty team members spoke with convention attendees about opportunities Bright Realty has at its planned mixed-use development The Realm at Castle Hills and other sites along the booming State Highway 121 Corridor. Team members met with economic development representatives from south of DFW looking for opportunities for restaurant-driven spaces in their cities and also met with a major hotel group to discuss opportunities on third-party Bright Realty-owned property.
Another Bright Realty property, Castle Hills Village Shops, captured the attention of a rapidly growing local restaurant chain looking to expand to a unique neighborhood space with consistent foot traffic. In 2017, Bright Realty expanded its Village Shops to include townhomes and condos with a brand-new phase for restaurant and retail. This is on the heels of a recent press announcement that TKO Libations, a local craft brewery, will open the area’s first brewpub at the Village Shops this month. This latest tenant lease rounds out a line-up of interesting local eateries operating from Village Shops. With regular, ongoing traffic from residents in the local neighborhood and beyond, Castle Hills Village Shops is fast becoming a foodie destination.
The event culminated with a successful dinner at Lotus of Siam restaurant, with Bright Realty hosting economic development representatives, brokers and attorneys.
2017-05-26 Bright Realty to Offer Condominiums in Castle Hills: Quarters at The Shops
Bright Realty is near completion on a condominium project in Castle Hills Village Shops, which is expanding to include a new phase of luxury living above ground-level retail. Quarters at The Shops will offer 18 condominiums in Phase 5 of the Village Shops with plans to deliver all units later this month.
Quarters at The Shops condominiums offer nine distinct floor plans featuring one, two and three bedrooms. All units are one-story, accessible by elevator, and set above retail space plus an outdoor covered seating area. Each buyer at Quarters at The Shops can customize their condo by selecting interior finish options, choosing select cabinet styles and color, fixtures, flooring, tile, countertops, paint, appliances, crown molding and hardware. All units come with two covered parking spots (one garage parking space under the building and one under a porte-cochère), valet trash service, keyless fob entry into the building and private patios with several offering great views of Lake Avalon.
Residents of Quarters at The Shops can take advantage of the community HOA amenities such as neighborhood pools, community garden, workout facilities, basketball and tennis courts, sports fields and parks as well as basic cable and security system monitoring. The location at The Shops means that popular restaurants like PI.E 3.14 and Z’s Wok, as well as lively events like the Castle Hills Spring Concert Series, are just steps away.
Built by Bright Realty, condominiums range in size from 850 to 1,615-square-feet, and are priced from the $170s.
“Quarters at The Shops condos are a great option for residents who want to downsize from larger homes and anyone who wants an easy live-work-play lifestyle. They are also a great location for those officing in The Shops or at any of the nearby employment hubs like Legacy West,” said Parker Bright, Senior Vice President at Bright Realty. “They are appealing to anyone who wants a low maintenance, lock-and-leave lifestyle.”
Also available in Phase 5 is 5,300+ square feet of storefront space suitable for restaurant, retail or service businesses, ready for occupancy in summer 2017. For information about retail space at The Shops, visit www.BrightRealtyCo.com or contact Britton Lankford at 972-410-6597 or Britton.Langford@brightrealtyco.com.
Quarters at The Shops model home is scheduled to open late July. Read more about Quarters at The Shops at the link below, or contact Sales Associate Cleburne Smith at 972-410-6553 or firstname.lastname@example.org for more information.
2017-05-02 Bright Realty Serves as Partner Sponsor for CREW Dallas Golf Classic LPGA Pro-Am
Bright Realty was pleased to support CREW Dallas as one of the top sponsors of CREW’s 31st Golf Classic LPGA Pro-Am. The April 24th tournament at Las Colinas Country Club benefited several local non-profits whose mission is to improve the lives of women and girls in the community. CREW Dallas is a non-profit organization of commercial real estate professionals dedicated to advancing the achievements of women in the CRE field. CREW Dallas supports local community organizations through its philanthropic effort, CREW in the Community, which has donated more than $3.5 million to benefit women and girls in need since 1985. This event marks the first year for the CREW Dallas Golf Classic to partner with the LPGA.
In addition to its sponsorship, Bright Realty had a team playing in the event. “The CREW Dallas Golf Classic LPGA Pro-Am took place on a gorgeous day with over 100 industry colleagues participating,” said Tim McNutt, vice president at Bright Realty. “It was an excellent opportunity for Bright Realty to show its support for local charitable efforts and women in real estate.”
This year’s event supported organizations including Genesis Women’s Shelter, The Family Place, The Wilkinson Center, Galaxy Counseling Center, Child Abuse Prevention Center, Girls, Inc. and more.
Bright Realty supports several local charitable and educational organizations throughout the year, including Big Brothers Big Sisters, Lewisville Independent School District, the City of Lewisville, several Castle Hills-area schools and more. It is the third consecutive year that Bright Realty has supported the CREW Dallas Golf Classic tournament.
2017-05-01 Bright Realty Multi-Family Development Wins Big with Dallas Builders Association
Bright Realty’s Discovery at The Realm was recognized with two awards at the recent Dallas Builders Association’s annual McSAM Awards. The awards recognize excellence among Dallas home builders and developers and were given at the group’s annual gala on March 25th at the Westin Galleria in Dallas.
“We are pleased to be recognized by the industry for this unique achievement in multi-family community development, and we share this honor with our architectural partners who helped bring the vision for Discovery to life,” said Chris Bright, CEO, Bright Realty. “Our goal for Discovery was to create a comfortable environment where residents can engage with one another, achieved through thoughtful design and site planning with integrated features desired by today’s luxury tenant.”
Discovery at The Realm is Bright Realty’s luxury multi-family development located on Windhaven Parkway and Castle Hills Drive. Part of Castle Hills, the development offers upscale apartment homes and unrivaled amenities in a walkable community that will ultimately be a significant component of The Realm at Castle Hills. Bright Realty’s The Realm, upon completion, will feature major anchors, restaurants, office and entertainment space, conveniently located along the south side of State Highway 121 at Castle Hills Drive.
At the recent awards ceremony, Discovery at The Realm was recognized with the award for Best Architectural Design - Multi-Family Community, Apartment or Condominium, based on its overall exterior and interior architecture, design appeal, and functional and creative use of space. Designed by 505 Design along with BB+M Architects, Discovery features a clean, contemporary and urban aesthetic within a suburban setting, along with a resort feel and the latest technology. The award recognizes one of Discovery’s most unique architectural features – its “podium-style” construction, which allows for the convenience of underground parking while maximizing open space, which has been used for amenities that support Discovery’s goal to “live, connect, explore and thrive.” Amenities for the luxury apartment homes include a fully staffed club serving beer and wine, home office work space and a fitness center with instructor-led classes like spin and yoga.
Discovery at The Realm also won the award for Best Outdoor Living Space. Designed by LandDesign, Discovery’s outdoor areas were created to integrate both interior and exterior for a more open and accessible living space. Residents at Discovery enjoy the outdoors designed for group get-togethers, couples and pets. Several courtyards provide opportunities to relax or socialize with contemporary seating and shaded areas. Relaxing water features include a one-acre lake and fire pit situated at the end of a 65-foot-wide boulder waterfall, two sandy beach areas, and piers for sunning. The resort-style pool and cabanas are ideal for relaxing. The outdoor kitchen area with lounge seating and a flat-screen TV are popular gathering spots during sports events. Four-legged residents enjoy the abundant green space and fenced-in dog park, and the pedestrian promenade with mature trees and lush landscaping seamlessly connects all of the property’s amenities with its residents.
Read more about Discovery at The Realm here - www.discoverycastlehills.com
Read more about The Realm at Castle Hills here - www.brightrealtyco.com/services_and_solutions/mixed_use.php
Read more about the McSAMS Awards here - www.dallasbuilders.com/special-events/mcsam-awards/
2017-03-29 Bright Realty Team Returns to Bellagio for Vegas ICSC
The Bright Realty team is looking forward to the 2017 International Council of Shopping Centers (ICSC) “RECon” convention May 21-24 in Las Vegas. This is the world’s largest event for real estate professionals in the shopping center industry. The Bright Realty team will again this year have a suite at Bellagio, which gives Bright Realty brokers an opportunity to meet privately with prospective tenants.
Bright Realty has several projects in the State Highway 121 area, one of the fasting growing regions in North Texas and the country. Corporate relocations such as Toyota have prompted both commercial and residential development in the area. Bright Realty’s Discovery at The Realm, along State Hwy. 121, has delivered 423 units in its luxury multi-family mixed-use project. Office and retail delivery for The Realm, which offers pad sites, anchor locations and retail space surrounding a pedestrian-friendly plaza and entertainment area, is scheduled for 2018.
“In the DFW market, the 121 corridor is the place to be and Bright Realty has an incredibly strong presence here,” said Executive Vice President Lucas Patterson. “We are looking forward to another successful ICSC event this year.” Schedule a meeting with the Bright Realty team at ICSC by calling 972.410.6600.
The Bright Realty team will also be discussing opportunities at Crowne Centre, its 150-acre office park, which offers more than 3 million square feet for Class A office and retail space along State Hwy. 121, and the Castle Hills Village Shops, which recently announced the signing of the area’s newest craft brewery.
2017-03-28 Bright Realty’s Concert Series Returns to Castle Hills Village Shops
Bright Realty, in partnership with the City of Lewisville, is bringing the popular Castle Hills Spring Concert Series back to the Castle Hills Village Shops. The third annual series features two concerts: Big City Outlaws, a country/rock band on Saturday, May 13, and The Boy Band Night, a boy band cover band on Saturday, June 10. Both concerts also offer family-friendly activities, food trucks and concessions, as well as opportunities to showcase Village Shops tenants to those from the Castle Hills neighborhood and from neighboring communities.
“Bright Realty recognizes the importance of events in building community, and activities like the concert series draw hundreds of people to the Village Shops and spotlight our tenants as well as our entire community,” said Eric Stanley, president and COO. “These events are a great way to remind people of all of the great amenities available to homeowners here, including the Village Shops.”
Guests will be able to spread out on blankets or lawn chairs in front of the main stage built for the event. Family-friendly activities such as bounce houses, carnival games and prizes, face painters and a black light photo booth start at 6:30 p.m. Big City Outlaws will take the stage from 8 to 9:30 p.m.
“In addition to encouraging neighbors and friends to come to the concerts, we are also reminding visitors that they can enjoy dinner or drinks at one of our restaurants either before or after the event,” added Stanley. Several Village Shops restaurants are serving food and drinks at different times during the events. PI.E 3.14 Everyday Eatery specializes in signature pizzas and a one-of-a-kind drink menu; T.B.D. Kitchen offers tacos, burritos and specialty cocktails; Kanzi Sushi & Hibachi serves a variety of fresh sushi options; Z’s Wok offers several Chinese specialties; and Froyo Smoo-licious has a variety of frozen yogurt flavors and toppings.
The Big City Outlaws concert is sponsored by Grande Communications, local cable and internet provider for Castle Hills residents. The Boy Band Night concert is sponsored by Kroger.
The Plaza area at the Village Shops offers permanent shaded seating, a built-in stage, extensive green space and water features including the very popular interactive water fountain. The concerts are FREE and open to everyone. Visit the Castle Hills Village Shops website for information on all events and tenant hours.
2017-03-01 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.”
2017-03-01 Annual Bright Realty Classic Benefiting Big Brothers Big Sisters Returns to The Lakes at Castle Hills
Bright Realty is proud to return as title sponsor for the 2017 Golf Classic benefiting Big Brothers Big Sisters (BBBS) taking place on Monday, May 1, at The Lakes at Castle Hills. This year, BBBS is celebrating the 50th year of the annual golf tournament and the 8th consecutive year that Bright Realty has served as lead sponsor.
The Bright Realty Golf Classic raises funds to match children in North Texas with a mentor who can enrich, empower and encourage them to reach their highest potential. In Dallas and Collin counties alone, there are more than 1,000 children currently on a waiting list for a Big Brother or Big Sister.
Research has shown that BBBS mentoring works. Children with a Big Brother or Big Sister show improvement academically, socially and at home. A child with a Big Brother or Big Sister, for example, is 52 percent less likely to skip school and 98.2 percent of little brothers and sisters in the program are promoted to the next grade level.
“By enjoying a day at The Lakes, and donating to BBBS, you directly support children in our community,” said Chris Bright, Bright Realty CEO. “No matter how little or big the amount, donating makes a difference in the lives of young people around us. In fact, I have never personally found an organization that I believe has the potential to change the world our children will live in more than Big Brothers Big Sisters.”
The Bright Realty Golf Classic has previously been ranked one of the Top 10 Charity Golf Tournaments in Dallas-Fort Worth by the Dallas Business Journal. The event is a great opportunity to experience The Lakes at Castle Hills, a private country club in the Castle Hills master-planned community. The tournament will feature a morning and afternoon four-person scramble in addition to great golfer gifts, food trucks, hole vendors and a post-tournament reception featuring dinner, drinks and a live auction. Sponsorship opportunities are available.
“Last year, participants in the Bright Realty Golf Classic raised more than $200,000 to benefit the children of Big Brothers Big Sisters,” added Bright. “May 1 will be a great day at The Lakes. Hope to see you on the golf course!”
The Lakes at Castle Hills is located at 699 Lady of the Lake Blvd., Lewisville, TX 75056. For more information, visit www.TheLakesatCastleHills.com. Registration and sponsorship information for the 2017 Bright Realty Golf Classic is available www.bbbstx.org/golf.
2017-02-01 Only Two Sites Remaining at Busy Josey/Windhaven Retail Site
Only two pad sites remain in Castle Hills’ growing retail development on the southeast corner of Josey Lane and Windhaven Parkway. The site, owned by Bright Realty, offers high visibility and traffic counts, as well as a grocery-store anchor.
“A new ALDI is set to break ground in late summer 2017 at the site, the first in The Colony/Lewisville area,” said Britton Lankford, senior vice president. “That will serve as a great draw to this location.”
Current tenants at the site include Caliber Collision; Honest-1 Auto Car; DreamWash Auto Spa, opening February 2017; and a self-storage facility opening June 2017. Two pad sites are still available. Lot 3 offers 47,757-square-feet; lot 5 is 57,980-square-feet. Bright Realty has plans to deliver a building on lot 2a, which will be available for lease in summer 2017. That 6,000-square-foot building will be next to ALDI and also offers an option for restaurant patio space.
“This is an ideal location for tenants. It sits directly across from a SuperTarget-anchored center and is just down State Highway 121 frontage road from the busy Nebraska Furniture Mart and Grandscape development,” added Lankford. “In addition to the residential growth we are seeing in this area, the daytime population is booming, as well.”
Bright Realty had a busy and productive 2016, with success in brokerage efforts as well as retail properties, office properties and residential development. Here is a quick recap of the year:
Bright Realty Brokerage
Brokers were active across the Metroplex in 2016, adding new clients for landlord representation including: 4/4 Music School in McKinney; Altamirano Tex-Mex in Decatur; DC Dent Center in Arlington; Half of Half Name Brand Clothing in Irving; Papillon Fitness in Sunnyvale; Texas Rug Gallery in Southlake; TruKitchen in McKinney; and F45 Fitness, Starbucks and Z’s Wok in Castle Hills. Under tenant representation, Bright Realty expanded its client list to include R Taco (formerly Rusty Taco), WingStop and multiple Spirit Halloween franchisees.
Bright Realty Retail
Bright Realty successfully leased all units in Castle Hills Commons, with construction on the retail center’s Starbucks—the newest neighborhood outlet in the growing area—completed in October. Located off SH121 in Lewisville adjacent to Nebraska Furniture Mart, Castle Hills Commons also includes a Planet Sub, opening in the first quarter of 2017, along with a national dental group and fitness facility.
In Castle Hills Village Shops, Bright Realty began construction on the last phase of the mixed-use center. Phase 5 will add approximately 8,500-square-feet of ground floor retail with delivery targeted for spring.
Bright Realty Office
With land development activities complete, Crown Centre, on 2,600 acres in the State Hwy. 121 area, will be meeting corporate campus needs as soon as mid-2018. Crown Centre is build-to-suit and is a stone’s throw from corporate headquarters such as Toyota, FedEx, JC Penney, Liberty Mutual and more.
Bright Realty’s other signature office project, the Realm at Castle Hills, continues to spur interest. The Realm was featured on the North Texas Commercial Association of Realtors’ (NTCAR) office property tour last fall. More than 100 commercial agents from all over the DFW area learned about prominent North Dallas office projects, focusing on the SH121 corridor. As the availability of future Class A office space in the popular West Plano-Legacy-Frisco corridor continues to dwindle, developers for corporate relocations are looking west for premium office space.
Bright Realty Residential
Bright Realty continues to diversify its residential product mix in Castle Hills, a 2,600-acre development which has grown to 3,942 single-family homes. Most notable is the delivery of the first phase of Bright Realty’s luxury apartment community Discovery at The Realm, which is on track to achieve full occupancy this spring. With 423 units, Bright Realty has been able to achieve higher rental rates with the addition of notable amenities such as a staffed Club with craft beer and wine service, lake with pedestrian promenade, resort-style pool pavilion, dog park with walking paths and much more.
In Castle Hills Village Shops, Bright Realty delivered 19 lots for townhome development. With inspiration from a European-inspired lock-and-leave lifestyle, “Chateaux at The Shops” will feature 2-story townhomes with yard maintenance included and a shared landscaped garden area for residents to enjoy. The townhomes will be built by American Legend Homes, with pre-sales underway for spring occupancy.
2016-12-20 Bright Realty Team in the Spirit of Giving
The Bright Realty team celebrated the 2016 Christmas holiday by ensuring children of Cumberland Presbyterian Children’s Home in Denton had gifts under the tree. Cumberland offers residential care and emergency shelter for children in need, as well as counseling and parenting classes for families. According to staff at Cumberland, “The holiday season is both joyous and challenging for those we serve. Our children have faced hardships that no child should ever face.”
The team participated as part of the annual Bright Industries holiday event that benefits a local non-profit organization.
Twenty-three children at the home completed wish lists that were forwarded to Bright Industries. The Bright Realty team helped fulfill Christmas gift wishes for those children with items including Fitbits, UGG boots, clothes and shoes, makeup, art supplies, a pogo stick, basketball and football. One child has his request for a Western outfit (boots, belt, belt buckle and jeans) filled. Other items provided by the team included DVDs, gift cards, an iPod, headphones and a set of Harry Potter books.
“The children being served by Cumberland have been in crisis and participating in this effort is a great chance to demonstrate what the Christmas season is all about,” said Eric Stanley, president and COO. “We consider it a privilege to serve our community in this very small way and hope it makes a difference for the children there.”
The staff was very grateful for the generosity shown by Bright Industries and Bright Realty employees. “Thank you for being a wonderful part of our community at Cumberland and giving so generously this holiday season to our Angels,” they said. “The words ‘thank you’ don’t seem to cover how we feel! You are all so wonderful!”
Bright Realty’s Castle Hills Commons, located at 4920 State Highway 121 in Lewisville, adjacent to Nebraska Furniture Mart, is an ideal investment property with 100 percent of the building fully leased.
The 7,727-square-foot retail site is anchored by a Starbucks that opened October 31, 2016. A Planet Sub, F45 Training and a national dental group will open after the December holidays.
The property is situated in a highly visible location on Sam Rayburn Tollway between Josey Lane and Plano Parkway in Castle Hills master planned community. The five-mile residential population surrounding the center exceeds 231,000 with an average household income of $96,947. Its daytime population exceeds 177,000, boosted by headquarters for Fed Ex, Liberty Mutual, Toyota and more. Traffic exceeds 125,000 cars per day.
“The location of the property and nearby retailers make this an excellent investment opportunity,” said Britton Lankford, senior vice president. “This trade area is a great destination for customers with the number of grocery-anchored developments, national retailers, specialty shops, full and quick service restaurants. With the amount of traffic generated by the increase of daytime population, surrounding residential communities and the 433-acre Grandscape development anchored by Nebraska Furniture Mart, this area will continue to see growth in consumer traffic and spending.”
For information on the property, contact Britton Lankford or Timothy McNutt at Bright Realty.
2016-11-30 The Realm at Castle Hills Featured Prominently in NTCAR Tour
Bright Realty’s The Realm at Castle Hills was featured prominently in a recent NTCAR (North Texas Commercial Association of Realtors) office bus tour. More than 100 commercial agents from all over the DFW area learned about The Realm after starting off the event with lunch and a presentation from Stephen Jones at The Star in Frisco.
“The three-and-a-half hour tour featured stops at some of the most impressive office locations in the Frisco/SH 121 area so The Realm was a natural fit for the agenda,” said Lucas Patterson, executive vice president. The Realm at Castle Hills is Bright Realty’s 324-acre mixed-use development combining office, retail, dining and apartments along prominent SH 121 frontage and Standridge Drive. The first phase of the project is scheduled for delivery in 2018.
“Brokers were especially interested in hearing about the office space and amenities available in this busy area,” said Britton Lankford, senior vice president. “The Realm features 239,000 rentable square feet of Class A office space over nine floors in addition to a tenant lounge with patio seating, a fitness center, tenant conference center and a two-level parking garage.” Colliers International reps John Conger and Michael Carmichael were also at the event to answer questions about the project.
“It was an ideal setting for informing local real estate professionals about both the retail and office opportunities at The Realm,” added Patterson. “The setting is a live, work and play environment. It features modern office space as well as retail and restaurant space surrounded by an outdoor plaza and fountains, an event pavilion, a food truck area and more. It is within walking distance of Discovery at the Realm, Bright Realty’s luxury apartment community.” Bright Realty is managing leasing on the retail portion of The Realm at Castle Hills; Colliers International is coordinating the brokerage of office space.
Visit Bright Realty for more information on The Realm.
A growing population along the State Highway 121 corridor is bringing a diverse mix of grocers to the area to meet the needs of both residents and daytime employees.
“Activity in the Castle Hills area – both residential and commercial – is exceptional and it’s not going to slow down any time soon,” says Eric Stanley, Bright Realty President and COO. “Major corporate relocations and record-breaking housing starts have impacted the area. This kind of growth requires retail services to support a more diverse demographic, one that is requiring a certain level of retail experience with more options.”
There are several grocery retailers currently open or coming soon to the Castle Hills area. The Kroger Marketplace on State Highway 121 and Josey Lane offers traditional items as well as premium beer and wines, international items and even fine jewelry. This particular location is also one of a handful in the state to offer the grocer’s new “ClickList” program which allows shoppers to purchase items online and pick up at the curb. According to The Dallas Morning News, the ClickList service targets two types of shoppers: those with limited time and those with limited mobility.
In addition to the Kroger Marketplace, Super Target occupies the opposite corner, east of Josey Lane. At the southeast corner of Josey and Windhaven Parkway, ALDI is scheduled to begin construction in the next year. An additional European-based grocer is also eyeing Castle Hills for a new location.
“There are 4,000 single family homes in Bright Realty’s master-planned Castle Hills community alone, with several hundred more planned in the coming years. Our multi-family project, Discovery at The Realm, will bring thousands of luxury apartment homes to the area and Crown Centre, our corporate campus, will increase daytime population. These grocery options are a community asset to our buyers and renters, as well as to the growing employee population in the area,” added Stanley.
2016-10-27 Bright Realty Shines at Texas ICSC
Bright Realty’s revamped booth – with a more open floor plan – was a big hit at the International Council of Shopping Centers (ICSC) Texas Conference and Deal Making event October 5 – 7 in Dallas. The “open flow” set-up drew hundreds of visitors at the Kay Bailey Hutchison Convention Center, where team members discussed Bright Realty’s most exciting projects with brokers and potential retail tenants.
“This year’s event was one of the largest ever in Dallas,” said Lucas Patterson, Bright Realty Executive Vice President. “The increased attendance had a definite impact on the traffic we saw in our booth, as well.” This year’s event hosted 4,049 registered attendees, compared to last year’s 3,895.
“Guests to the booth were very interested in seeing our oversized aerial of Castle Hills and the surrounding State Highway 121 area because of the incredible amount of growth there,” added Patterson. “We are a huge part of the activity there so we had a very consistent and attentive audience.”
Bright Realty is currently developing significant projects in the area, including Crown Centre, a 150-acre corporate campus, and The Realm at Castle Hills, a 1.4 million-square-foot mixed-used project with retail, office, and restaurant. The Realm’s luxury multi-family development Discovery at The Realm delivered its first phase of 423 units in October and will have more than 4,000 units at completion. Bright Realty brokers also have several retail opportunities along State Highway 121 frontage road and at specific high traffic intersections such as Josey Lane and Windhaven Parkway. In addition, there are pre-leasing opportunities within Phase 5 of the popular Castle Hills Village Shops, located within Bright Realty’s master-planned Castle Hills community.
“The event was a great opportunity to keep Bright Realty projects top-of-mind. We received positive feedback from everyone there and anticipate great results from our networking efforts,” added Patterson.
2016-10-04 Discovery at The Realm Gains Momentum on Delivery, Leasing
Bright Realty’s luxury apartment community Discovery at The Realm gained momentum over the summer months. The second of three distinct apartment buildings was completed along with several key amenities, including the leasing office, fitness center, yoga studio, business center, a lake with docks and beaches, pedestrian promenade, and most notably, a resort-style swimming pavilion with two pools and a cabana entertainment area.
“Discovery at The Realm was designed to maximize opportunities for socializing, playing and relaxing with an emphasis on programming and a concierge approach,” said Eric Stanley, Bright Realty president and COO. “Its suburban location and placement within The Realm at Castle Hills mixed-use development allow residents to live, work and play, all in one spectacular setting.”
Discovery at The Realm is Bright Realty’s first apartment project in decades; the organization’s founder, H.R. “Bum” Bright, was involved in the development of several apartment community projects in the 1960s.
Slated for completion this month, the third building will bring the total number of units at Discovery to 423. Among these are studios, 1-bedroom, and 2-bedrooms available for rent. Also, this fall Bright Realty will complete Discovery with a fully staffed onsite club-like café/coffee shop and dog park.
2016-10-03 Bright Realty Partners with Colliers International on Rentable Office Space at The Realm
Bright Realty has partnered with Colliers International, an international real estate firm, to coordinate the brokerage of office tenant space for Bright Realty’s The Realm at Castle Hills. The Realm features 239,000 rentable square feet of Class A office space over nine floors in the busy State Highway 121 corridor. The first 70,000 square feet will be delivered mid-to-late 2018.
“This is an important partnership for us because Bright Realty is contributing significantly to the growth we are seeing in this region,” said Eric Stanley, Bright Realty president and COO. “Colliers is a great fit for this project because we are able to pair Colliers’ well-known global presence with our brokerage team’s knowledge of Texas, DFW and especially the 121 corridor.”
Bright Realty’s The Realm will feature the best elements of leisure, dining, shopping, entertainment, living and working. Tenants in The Realm’s office space can take advantage of the entertainment, retail and restaurant space the project will ultimately have to offer. Office tenants are also just a short walk to The Realm’s luxury multi-family development Discovery at The Realm, which delivers its first phase of 423 units this month. The Realm at Castle Hills is located on State Highway 121 with easy access points on Windhaven Parkway and Castle Hills Drive. Its location is just minutes from Legacy West and corporate sites for Toyota, Liberty Mutual, FedEx, JPMorgan Chase, Frito-Lay and more. It’s also an easy 15 minute commute to DFW International Airport.
“The Realm won’t be your typical suburban office space,” said Stanley. “Tenants will enjoy being a part of the real live, work and play environment. And in addition to the highly functional and modern office space, tenants will enjoy an outdoor plaza and fountains, tenant lounge with patio seating, event pavilion, food truck area and sand volleyball court.” Other features for office tenants include a fitness center, tenant conference center and two-level parking garage.
The Realm office space offers exceptional visibility from State Highway 121 and prominent signage. There is also up to 160,000 contiguous rentable square feet available on floors two through seven.
For more information on office space at The Realm, contact:
For information on retail space at The Realm, contact:
2016-09-01 Bright Realty’s Eric Stanley Serves as Resource on 121 Corridor Expansion
Bright Realty President and COO Eric Stanley was center stage at Bisnow’s August 25th “121 Corridor Expansion” event, sharing his insight, experience and even some anecdotes on growth in the area with a room of more than 200 DFW-area commercial real estate executives. Stanley shared the stage with Hines Managing Director Drew Steffen, Granite Properties Director of Development David Cunningham, TIG Director Brad McJunkin, Myers & Crow Company Principal and Co-Founder Marc Myers, and panel moderator Dan Bowman, Allen EDC CEO and executive director.
The panelists offered a current assessment of the office market in the State Highway 121 area and compared the activity there with the rest of Collin County and DFW. They also addressed the level of tenant interest, space needs and costs, what drove them to develop on 121 and what changes they anticipated in the coming years. Each of the panelists added to the discussion with insight on a significant project they won or contributed to in the area.
“There was no Sam Rayburn Tollway or State Highway 121 back in the ‘50s when the Brights started buying the land that is now Castle Hills,” said Stanley. “People thought we were crazy to put that price point on homes in the area but at the end of day, we’ve got almost 4,000 rooftops, with more coming, as well as more than 4,000 apartments under construction. With The Realm at Castle Hills and our Crown Centre corporate campus, we have a good size little town in Castle Hills with components for walkability. Our residents and tenants can work, play and live there.”
The panelists, who together brought decades of real estate experience to the presentation, agreed that the major game changers in the 121 corridor expansion are both the Sam Rayburn Tollway and job creation. The tollway has allowed for an easier commute to DFW International Airport and to other parts of the city, and major corporate relocations have impacted the area.
“The pallet is big and the time is now,” one panelist stated. Everyone onstage, and in the audience, agreed!
2016-08-29 Visit the Bright Realty Team at ICSC Texas Conference
The Bright Realty team returns to the International Council of Shopping Centers (ICSC) Texas Conference and Deal Making event October 5 – 7. Bright Realty’s 600-square-foot, high-tech set-up will be located at Booth 1549 in the Kay Bailey Hutchison Convention Center in Dallas. It will offer retail partners the opportunity to learn about the company’s most exciting projects including The Realm at Castle Hills, a 1.4 million-square-foot mixed-used project with retail, office, restaurant and more than 4,000 luxury multi-family units on 324 acres in the rapidly growing State Highway 121 area.
“The ICSC environment is ideal for sharing information on the opportunities we are offering,” said Lucas Patterson, Bright Realty executive vice president. “It’s also the perfect backdrop to showcase the impressive amount of activity we are generating in the busy Nebraska Furniture Mart area. Our team is part of the historic growth we are seeing there, and we’re excited to share that with our potential partners.”
In addition to The Realm, Bright Realty has several other opportunities along the highly visible State Highway 121 frontage road and at specific high traffic intersections such as Josey and Windhaven. The company’s brokers have already closed deals at these locations with high profile tenants like Starbucks, ALDI, Planet Sub, Unser Karting and Events and Honest-1 Auto Care.
Brokers are also working to pre-lease Phase 5 of the popular Village Shops, located within Bright Realty’s master-planned Castle Hills community, which currently has almost 4,000 single family homes and 423 newly constructed apartments at Bright Realty’s Discovery at The Realm multi-family project. Commercial opportunities are also available throughout North Texas in Richardson, Plano, McKinney, Frisco, Allen, Anna, Murphy, Southlake, Irving, Desoto and Arlington, and even into Oklahoma.
2016-08-03 Bright Realty’s Eric Stanley is Featured Speaker at Area Growth Forum
Eric Stanley, Bright Realty president and COO, has been tapped as a featured speaker at BisNow’s “121 Corridor Expansion” forum. “The event will feature developers, owners, investors and government officials addressing the area's past, present and future,” said Stanley. “It will be an outstanding resource for anyone interested in the growth in the 121 area, what it takes to make new projects stand out here and how to stay competitive in the city's changing environment.”
Other Speakers at the event include Brian Loughmiller, mayor of the city of McKinney, who will serve as keynote speaker, and Dan Bowman, executive director and CEO of the Allen Economic Development Corporation, serving as moderator. Other featured speakers are leaders from Granite Properties, Hines and Craig Ranch, among others.
Bright Realty is the developer of Castle Hills, a master-planned community with approximately 4,000 single family homes in the SH 121/Lewisville area, with 750 more homes planned in the coming years. Also under development is Discovery at The Realm, a 4000-unit luxury multi-family that is part of Bright Realty’s mixed-use The Realm at Castle Hills project. The Realm will consist of 1.4 million square feet of retail, office, restaurant and theater on a total of 324 acres. Bright has also completed the first phase of land development of an over 150-acre office park along SH 121 known as Crown Centre at Castle Hills. With the infrastructure and the development now complete, Bright Realty is proceeding with plans for the first office building which is planned at seven stories with a total of 202,350 rentable square feet. Bright Realty also has several pad sites for lease and sale in the area.
“The region is home to some of the top employers in the Dallas-Fort Worth area including Toyota Motor Company, Nebraska Furniture Mart, Frito Lay, JC Penney, and FedEx Office, all located within minutes of Castle Hills,” said Stanley. “With the employment growth rate in Dallas-Fort Worth at a consistent incline, and a residential population that will continue to expand and thrive, the area will continue to require housing, retail and entertainment to those living and employed in the area.”
BisNow is a trade outlet that covers commercial real estate both nationally and internationally. For more information about the event, visit: https://www.bisnow.com/dallas-ft-worth/events/neighborhood/The-121-Corridor-Expansion-549
2016-08-01 Castle Hills Business Breakfast Addresses the State of the Commercial Office Market
The team from JLL, the commercial real estate firm brokering leases for Bright Realty’s Crown Centre and The Realm projects, provided its perspective on office park development in DFW to guests at Bright Realty’s most recent Business Breakfast. Attendees met at The Lakes at Castle Hills for a “state of the market” on commercial office development across the nation, in Texas, in Dallas-Fort Worth and specifically in the Castle Hills area.
“Despite the slowdown in the oil patch,” said JLL Managing Director Jeff Eckert, “DFW still leads in job creation across the nation. In fact, DFW carries Texas with a whopping 74 percent of the state’s job growth.”
That job growth translates into activity in commercial office development. Bright Realty’s The Realm, offering 220,000-plus-square-feet of Class A office space in the growing Nebraska Furniture Mart area, offers a true “live, work, shop, play experience in one of DFW’s fastest-growing submarkets.” The Realm offers walkable retail, entertainment, restaurants and a multi-family component, also developed by Bright Realty. Eckert stated that 70,000-square-feet of The Realm will deliver in mid- to late-2018.
The first phase of land development has been completed on Crown Centre, on 2,600 acres in the State Hwy. 121 area, and will be meeting corporate campus needs as soon as mid-2018. Crown Centre is build-to-suit and, like The Realm, is a stone’s throw from corporate headquarters such as Toyota, FedEx, JC Penney, Liberty Mutual and more.
Eckert was joined in his presentation by JLL Executive VP James Esquivel and JLL Associate Ahnie Gampper.
The Castle Hills Business Breakfasts are a series of informational presentations open to members of The Lakes at Castle Hills and their invited guests. The Lakes at Castle Hills is a private country club owned and operated by Bright Industries. Visit website for more information on joining The Lakes. www.thelakesatcastlehills.com
2016-07-05 Bright Realty Celebrates Community with Castle Hills July 4th Event
The annual Castle Hills Fourth of July Freedom Festival was all about family fun with lots of kids’ activities, music, food trucks, one of the best fireworks shows in the area, and perhaps even more importantly, “community.” This year’s Freedom Festival, sponsored annually by Bright Realty, took place Monday, July 4th, at the Castle Hills Village Shops.
“Events like the July 4th Freedom Festival create a sense of community here in Castle Hills. They also serve as a vehicle to draw business to our Village Shops property and potential home buyers to the neighborhood,” said Eric Stanley, Bright Realty President and COO. “In addition to holiday festivals like the July 4th event, Bright Realty sponsors several events throughout the year in the Plaza.”
The Castle Hills Village Shops offers the perfect setting for events year-round with tree-shaded walkways, gardens and numerous water features, including the very popular interactive water fountain, a permanent stage and shaded outdoor seating. The shores of Lake Avalon also provided the perfect spot for viewing the fireworks.
“Castle Hills provides an environment for living, playing, working, shopping and dining. The Village Shops and our developer-sponsored events mean not having to leave the neighborhood for entertainment. They allow neighbors to get to know each other and become friends. And they are also good for Village Shops tenants and home builders in the community,” Stanley.
Activities at this year’s Freedom Fest included a euro bungee, a water slide, two mobile gaming units, a giant inflatable obstacle course, bounce houses, carnival games and prizes, as well as face painters, balloon artists, and arts & crafts by Village Shops tenant The Enchanted Artist. Several of the area’s favorite food trucks were also onsite. The fireworks show topped off the evening in a grand finale.
Read more about the Castle Hills Village Shops tenants and events here.
The food truck industry has experienced remarkable growth over the past few years, and foodies aren’t the only ones taking notice.
“Bright Realty has incorporated food trucks in its event programming for its master-planned community Castle Hills for the past few years,” said Eric Stanley, Bright Realty President and COO. “Food trucks continue to be popular, so Bright Realty is analyzing future projects with the consideration of creating food truck food courts,” he added. “In our upcoming mixed-use project, The Realm at Castle Hills, we are currently reviewing designs for an area dubbed The Crescent that incorporates food truck parking within a park-like setting.
“We believe Millennials are drivers of food trucks’ popularity because they are inherently social. Food trucks offer communal eating opportunities with ties to social media, as the trucks use viral marketing to communicate with followers. We have also seen that food trucks are a great addition to our family events in Castle Hills because they offer an expanded variety of both traditional and gourmet foods beyond the cuisine offered by our restaurants,” added Stanley.
The Bright Realty-sponsored Fourth of July Freedom Festival in Castle Hills features some of the area’s most popular food trucks including Easy Slider, Ruthie’s Rolling Cafe, Nammi Truck , Cousins Maine Lobster, SmokeWerks and The Butcher’s Son. The event takes place Monday, July 4th at 5:00 p.m. at the Castle Hills Village Shops & Plaza with fireworks after dusk. The event is free and open to the public with family-friendly activities, music and concessions available for purchase. Read more about the event here. http://castlehillsvillageshops.com/
2016-06-01 Bright Realty Team: On the Move at 2016 RECon
This year’s ICSC RECon in Las Vegas was a deal-making success for the Bright Realty team. Changing its strategy from the traditional – and static – booth to a more mobile and dynamic approach, the Bright Realty team was on the move at this year’s event, covering ground at both the convention center and in the team suite at Bellagio.
“With more than 36,000 attendees and 1,000 exhibitors, we chose a strategy that would give us the most impact,” said Executive Vice President Lucas Patterson. “We covered the halls of the convention center introducing Bright Realty’s Castle Hills master-planned community to retailers, restaurants and vendors, focusing on the tremendous opportunities in the surrounding area with growth driven by corporate relocations such as Toyota, Chase and Liberty Mutual.”
“Bright Realty has several new development sites in Castle Hills along State Hwy 121 and Windhaven surrounding Discovery at The Realm, a Bright Realty-developed luxury multi-family project; Castle Hills Marketplace, anchored by Kroger; and Lewisville Towne Crossing, anchored by SuperTarget. We are playing a substantial role in North Texas’ retail and office expansions,” said Senior Vice President Britton Lankford.
The Bright Realty team conducted several meetings over the three-day convention and hosted a dinner for brokers, retailers and vendors. As a result, the team was successful in finalizing negotiations with an anchor for Bright Realty’s mixed use development, The Realm at Castle Hills, as well as with its third party portfolio and in making headway with municipalities in creating new commercial development opportunities.
“Our team is seeing the most activity in all of North Texas in the Lewisville/Nebraska Furniture Mart area,” added Patterson, “specifically on State Hwy 121 near The Realm at Castle Hills. Everyone wants to be a part of this activity, and we are front and center,” added Patterson.
2016-05-20 Bright Realty Golf Classic Recap: Great Day on the Course Brings in $198,000 for BBBS
Thanks to everyone who attended and supported the 49th Annual Bright Realty Golf Classic benefiting Big Brothers Big Sisters (BBBS). The event on Monday, May 2, at The Lakes at Castle Hills raised $198,000 to match at-risk youth of North Texas with caring role models who will forever encourage them to reach their true potential.
“We are proud to be a long-time supporter of BBBS, serving as title sponsor for seven consecutive years, and could not have enjoyed this kind of fundraising success without the participating golfers and sponsors,” said Chris Bright, Bright Realty CEO.
This year’s event had a great turnout – despite an unseasonably cold day – with almost 200 golfers participating and supporting a great cause. Thirteen teams teed off in the morning and 34 teams played in the afternoon.
The event has long been popular in the DFW area, ranking 18th on the 2015 list of highest grossing Charity Golf Tournaments in DFW by the Dallas Business Journal. The event also gave local golfers an opportunity to experience The Lakes a Castle Hills, a private country club recently ranked 5th on Avid Golfer’s “Best Country Club – First Class” list.
“The funds raised in this tournament will change young people’s lives all across North Texas,” added Bright.
2016-05-10 Bright Realty Partners with Lewisville in Second Annual Concert Series
Bright Realty is partnering with City of Lewisville to present the 2016 Castle Hills Spring Concert Series. This year’s concert series features two unique cover bands, BLUFFETT, a Jimmy Buffett tribute band on Saturday, May 14, and LIVE 80, an ‘80s cover band on Saturday, June 18. A special stage will be erected on Lady of the Lake near Bright Realty’s Castle Hills Village Shops mixed-use development, and both concerts will offer family-friendly activities, food trucks and concessions. The concerts are free and open to the public, and participants will have a chance to win prizes in two costume contests.
Now in its second year, the Castle Hills Concert Series is produced in conjunction with various sponsors, most notably City of Lewisville who is the presenting sponsor. Concert sponsors include: Grande Communications who is sponsoring the BLUFFETT performance and Baylor Scott & White Medical Center of Carrollton who is sponsoring LIVE 80. Kroger returns as the activity sponsor and the costume contests are sponsored by Village Shops’ tenant Krieger Orthodontics and Smile Design.
“Developer-sponsored activities like the concert series draw hundreds of people – both from inside and outside the community – to the Village Shops,” said Eric Stanley, Bright Realty President and COO. “First-time visitors see how the Village Shops serve as the heart of the Castle Hills community, both as a gathering place to meet neighbors and friends, and a setting that offers a long list of neighborhood conveniences, dining and entertainment. The events support our tenants as they bring in customers.”
The Plaza area at the Village Shops offers permanent shaded seating, a built-in stage, extensive green space and water features including the very popular interactive water fountain. Visit the Castle Hills Village Shops website for information on all events.
2016-05-09 Bright Realty Hosts General Contractor Appreciation Event at Discovery at The Realm
Bright Realty celebrated a major milestone in the construction of its Castle Hills multi-family project, Discovery at The Realm, by hosting an appreciation event for the General Contractor and its subcontractors at the site. The first of Discovery at The Realm’s 423 apartment units are leasing, with residents beginning to move in daily.
Joining the Bright Realty development, leasing and marketing teams at the appreciation event were representatives from general contractor Andres Construction, including Senior Vice President Warren Andres and Project Manager Jared Powell.
In addition to hosting a fully-catered BBQ lunch for the 250 workers at the project site, Bright Realty handed out prizes, culminating in a YETI cooler that was awarded to one lucky attendee.
Discovery at The Realm is the first project to fulfill Bright Realty’s upcoming plans for The Realm at Castle Hills, a mixed-use project to be built along State Highway 121 frontage with Bright Realty as the developer. At completion, Discovery at The Realm will include over 4,000 apartment units, with another 800 units in The Realm mixed-use.
“The Realm at Castle Hills will create the very best elements of dining, shopping, entertainment, living and working, all in the thriving State Highway 121 area. It offers major anchor locations, retail space and convenient pad sites surrounding a pedestrian-friendly outdoor plaza and entertainment area, all adjacent to the growing population of affluent shoppers from Castle Hills, Lewisville, Plano, Frisco, and Carrollton,” said Bright Realty President and COO Eric Stanley.
2016-03-30 Meet Bright Realty at Bellagio Las Vegas!
The Bright Realty team is returning to the annual International Council of Shopping Centers (ICSC) “RECon” convention May 22 -25 in Las Vegas. ICSC RECon is the world’s largest event for real estate professionals in the shopping center industry. This year, the Bright Realty team will have a suite at Bellagio, providing prospective tenants an opportunity to meet privately with Bright Realty brokers.
“Having a suite at Bellagio will give us the space and setting we need to meet privately with potential clients about our new projects like The Realm at Castle Hills,” said Senior Vice President Lucas Patterson, who leads the commercial, retail and residential development efforts for Bright Realty. “With the first phase of 5,000 planned units currently leasing, The Realm at Castle Hills will be the premier living, retail, dining and entertainment destination in north DFW. Surrounded by a pedestrian-friendly outdoor plaza and entertainment area, The Realm is uniquely situated to take advantage of an exploding residential market.”
Bright Realty has several projects in the rapidly growing State Highway 121 area. In addition to The Realm, Bright Realty is currently seeking national credit service tenants to join the Starbucks and Planet Sub at its Castle Hills Commons shopping center located just west of the new Nebraska Furniture Mart and the developing Grandscape, which currently has just over 2,300-square-feet of available space. Bright Realty also has pad sites available in a grocery-anchored development in the area.
“As the seventh largest mega-development in DFW, Castle Hills residents are a highly sought-after demographic with generous amounts of disposable income,” added Patterson. “With growing business and corporate relocations, the daytime population in this area is projected to climb to 20,000 in the next five years. The residential market is growing with additional single family homes and premium multi-family units. In the DFW market, Castle Hills is the place to be.”
To schedule an appointment with the Bright Realty team call 972-410-6600.
2016-03-30 Castle Hills Business Breakfast Explores Residential Values
The Castle Hills Business Breakfast, held monthly at The Lakes at Castle Hills, provides insight and perspective to the trends and issues affecting Castle Hills and surrounding businesses. This month’s meeting was no exception, with Bright Realty CEO Chris Bright presenting “The Economics of Residential Valuations” to a packed audience comprised of The Lakes members and their invited guests.
With 4,239 single-family home lots either built or under development, Bright traced the 18-year history of Castle Hills from an economic standpoint, demonstrating the obstacles that residential developers face in offering marketable product at a price consumers can afford. Bright explained the impact of land prices on new homes and how today’s market is limiting the size of lots. The average price for a lot in Castle Hills in 2010 was $61,222, while in 2015 that same lot size price jumped to $90,040. Bright explained how these lot costs, which are passed on to the end buyer, impacts how much “home” the buyer can afford, making these calculations from a development standpoint increasingly difficult.
Bright also discussed how buyers’ expectations have changed since Castle Hills’ first homes were built, introducing the idea of “functional obsolescence”—in which older homes become increasingly obsolete in terms of their functional value as new homes continue to incorporate higher standards of product and energy efficiency. This makes new homes far superior and, more valuable. Bright also explained how increasing land prices impact resale values of existing homes. He believes that in the older sections of Castle Hills, residents can maintain their home values by updating them to current new home offerings. However, even some features cannot be corrected, like a 2-car garage. “It’s a disadvantage when a home only has a two-car garage,” he stated. “Today, most families prefer a three-car garage.”
In reviewing Bright Realty’s plans for future Castle Hills residential development, Bright cited the recent acquisition of the adjoining 100-acre Singer Ranch (70 acres developable), which Bright said was necessary to maintain Castle Hills’ value. “Not buying the land leaves us exposed to what might go up there,” he said. “Our acquisition of Singer Ranch demonstrates our desire to maintain the value of homes in Castle Hills and the value of the neighborhood.”
The Castle Hills Business Breakfasts are a series of informational presentations open to members of The Lakes at Castle Hills, a private country club and golf course. Visit thelakesatcastlehills.com for more information on joining The Lakes.
2016-03-26 Bright Realty Brokers Another Sale in Busy Nebraska Furniture Mart Area
- Bright Realty brokered the sale of a 1.966-acre site in the rapidly growing Castle Hills area just off State Highway 121 at the southeast corner of Josey Lane and Windhaven Parkway. A climate-controlled mini-storage facility will go in this location.
Josh Meyer with Ranches and Rivers Realty represented the buyer, Brookwood Properties, in the transaction. Bright Realty’s Tim McNutt, Blake Davis and Britton Lankford represented the seller, SEC JWH, LLC, in the transaction.
In February, Bright Realty also brokered the sale of two acres at this location to an undisclosed buyer. The corner will be anchored by an ALDI grocery store and is adjacent to Nebraska Furniture Mart and The Realm, a future 1.5 million-square-foot mixed-use Bright Realty development.
2016-03-02 Bright Realty Classic Benefiting Big Brothers Big Sisters Returns to The Lakes at Castle Hills
The 49th Annual Bright Realty Golf Classic benefiting Big Brothers Big Sisters (BBBS) returns on Monday, May 2, to The Lakes at Castle Hills. Bright Realty has been a long-time supporter of BBBS, serving as title sponsor for seven consecutive years.
“I am a firm believer that the mentoring relationships provided by BBBS can be life-changing for at-risk children in Texas and our sponsorship of this event gives us an opportunity to be a part of that,” said Chris Bright, Bright Realty CEO. “Last year’s event raised more than $200,000 to help local children on the waiting list for a big brother or big sister. We hope this year’s event will be even more successful, giving even more hope to the 3,000 children still waiting to be matched.”
The Bright Realty Classic has been ranked as one of the top charity golf tournaments in DFW by the Dallas Business Journal and is a great opportunity to experience The Lakes at Castle HIlls, which is a private country club located in Lewisville, Texas. The event will feature a morning and afternoon four-person scramble in addition to great golfer gifts, food trucks, hole vendors and a post-tournament reception featuring dinner, drinks, and a live auction.
“Our partnership with BBBS has given me an opportunity to see firsthand how the big brother-big sister mentoring relationships provide a direct and measurable impact on area children and I am proud that we can be part of that success,” added Bright. “We invite you to enjoy a great day on the course while helping to raise funds that will match children with a mentor who can enrich, empower and encourage them to reach their highest potential.”
Read more about the event and sponsorship opportunities at www.bbbstx.org/golf and The Lakes at Castle Hills at www.thelakesatcastlehills.com. Register today.
2016-03-02 Bright Realty Does “Mixed-Use Developments Right”
Bright Realty’s expertise in creating community was recognized in a front-page feature in Texas Real Estate Business. The article focused on a short list of regional projects that demonstrate creative solutions to overcoming the obstacles faced by developers. Dubbed “smart projects,” the article cited Bright Realty’s success in building Castle Hills and its plans for a large mixed-use component, The Realm at Castle Hills.
In the article, Bright Realty CEO Chris Bright explained the thinking behind his vision for The Realm, in which everything from shopping patterns to parking spaces is considered. The key to success in mixed-use, believes Bright, is anticipating how people will want to live. Another key element, according to Bright, is creating a social environment “where people want to be around other people.” Bright Realty has tried to create this environment in Castle Hills retail center, The Village Shops, with family-friendly events that range from free concerts to their annual fireworks show.
Bright Realty hopes to achieve the same success in building community with their multi-family project, Discovery at The Realm, which is currently pre-leasing. The $75-million project plans to deliver an initial phase of 423 units starting in April. Some of the features Bright Realty hopes will attract its target Millennials include the urban feel of the design; concierge services; walkability to neighborhood entertainment and conveniences; and common spaces that encourage an active social environment. At build-out, The Realm mixed-use is planned to include more than 5,000 units with office, retail and open space on 400 acres. With a location close to the busy Nebraska Furniture Mart area, Discovery is poised to capitalize on filling the needs of corporate relocations to the surrounding market area.
Read more about how Chris Bright and his team are ‘Building for the long-term” in the full article here.
2016-02-03 Entertainment, Retail, Office and More: It’s All Within The Realm
Bright Realty is bringing together the best elements of dining, shopping, entertainment, living and working with development of the entertainment district in its planned mixed-use The Realm at Castle Hills.
The Realm’s “entertainment district” will be located just south of The Realm at Windhaven Parkway and Crider Road and will feature 15,000-20,000 square feet of available restaurant space, all with lakeside dining or lounging options. Adding to the draw are an amphitheater and event barn for concerts and family-friendly events. In addition to the entertainment project, pad sites are pre-leasing and selling now on the southwest corner of State Highway 121 and Castle Hills Drive. These sites vary in size from approximately .38 to 1.72 acres.
“As the seventh largest mega-development in DFW, Castle Hills residents are a highly sought after demographic with generous amounts of disposable income,” said Lucas Patterson, Executive Vice President of Bright Realty. “The daytime population in this immediate area is projected to climb to 20,000 in the next five years and the residential market includes more than 1,000 additional single family homes and 1,200 premium multi-family units in the direct vicinity. In the Dallas-Fort Worth market, this is the place to be.”
For more information about The Realm at Castle Hills click here - http://www.brightrealtyco.com/services_and_solutions/mixed_use.php
2016-02-02 Discovery at The Realm Pre-Leasing Now
Bright Realty reached a major milestone with its Discovery at The Realm multi-family project in Castle Hills with the opening of an onsite leasing facility this month. Prospective tenants can visit the leasing center daily to review floor plans, interior selections and of course, submit a lease application.
The first 400-plus units – studio, one and two- bedrooms – will be ready for move-in in April. The resort-style pool and lakeside promenade will be complete just in time for Memorial Day weekend; the permanent leasing office space will open in June.
“With the number of corporate relocations coming to the area, we are already getting quite a bit of interest both locally and from outside Dallas-Fort Worth,” said Tim McNutt, Executive Vice President of Bright Realty. “We anticipate the excitement about the property and its amenities will only increase as we make more progress and potential residents can actually visualize and experience life at Discovery.”
At build-out, Discovery at The Realm will feature more than 4,000 units with amenities like the resort-style swimming pools and water features, services including food and beverage, spa, fitness programs, concierge, housekeeping, pets, technological enhancements and a host of interactive programs and events. The first phase of the property will be complete in October. The multi-family project will ultimately be part of Bright Realty’s larger mixed-use and entertainment project The Realm, all located along State Highway 121 and near the Grandscape and Nebraska Furniture Mart developments.
For more information about Discovery at The Realm, visit http://www.discoverycastlehills.com/.
2016-01-04 Bright Realty: Year in Review
2015 was a very productive year for Bright Realty, with major developments in commercial, residential, office and multi-family projects. Big announcements in the retail arena include a new Starbucks, which Bright Realty will develop at their retail center adjacent to Nebraska Furniture Mart. With a target completion date in the fourth quarter of 2016, Starbucks joins other big name tenants there such as a Potbelly Sandwich Shop and Culver’s (both now open) as well as Unser Racing and Public Storage. In addition, Bright Realty brokers closed numerous deals all over North Texas as landlord and tenant reps for clients such as Orange Theory Fitness, Pure Plates, Mathnasium, Crickett Wireless, Kolache Factory, Halloween City, Anytime Fitness, WingStop, Spirit Halloween and more.
Progress on Bright Realty’s multi-family project Discovery at The Realm, near State Highway 121 and Castle Hills Drive, continues to be on track with delivery in April 2016. A topping out ceremony took place December 17 on the first phase of the luxury product, with more than 4,000 units projected at build-out. Bright Realty will begin pre-leasing Discovery at The Realm in January 2016 with move-ins starting in April 2016. The website for the property went live this summer. (for hyperlink: http://www.discoverycastlehills.com/ )
Progress continues in office development on Crown Centre at Castle Hills, a billion dollar office park located on State Highway 121 and Business 121. The infrastructure on the development is complete and Bright Realty is marketing Crown Centre’s pad sites for Class A office for sale or build to suit. The corporate campus will bring more than 3 million-square-feet of Class A office and retail space to the area.
Single-family residential growth in Bright Realty’s master-planned community Castle Hills continues to be strong, especially with the number of corporate relocations to the area. More than 270 home sites were delivered to the community by Bright Realty in 2015, bringing the total number of lots there to just under 4,000.
The popular Castle Hills Village Shops received great publicity with the opening of a new restaurant concept that is drawing “foodies” from all over DFW. T.B.D. Kitchen received great reviews for its cocktails and street tacos just a few weeks after opening. The Village Shops will expand into its fifth phase in 2016, breaking ground late in the year, adding approximately 8,500-square-feet of ground floor retail and 18 multi-family units above the retail.
Bright Realty continued its community involvement with a sponsorship of the 16th hole at the annual Commercial Real Estate for Women (CREW) Dallas Golf Classic, which benefits local women and girls, and the Independence Elementary PTA Fall Run.
“2015 was a great year for Bright Realty and especially our development projects in and around Castle Hills and State Hwy 121,” said Eric Stanley, Bright Realty president and COO. “We are looking forward to another year of outstanding growth and anticipate 2016 bringing even more success.”
2015-12-09 Christmas Done Bright
Bright Realty continued its Christmas tradition of making the holidays happier for local children in need by donating hundreds of gifts to Buckner Children’s Home in Dallas. The organization provides foster group care for children at its east Dallas campus in cottages that allow siblings to remain together, providing a consistent home environment while in the state’s custody after having been abused, neglected or abandoned.
Bright Realty led the charge to collect items to fulfill children’s wish lists, by combining efforts with other Bright Industries divisions including American Legend Homes, Bright & Co. Marketing, Bright Equities and Infinity Lawnscape. Employees from each organization filled those Christmas wishes with items such as skates, scooters, books, soccer balls, basketballs, movies and even a “pretty Christmas dress.” The Bright Realty staff filled up their sleighs and delivered the gifts December 3rd.
“We hope these gifts bring lots of Christmas joy and excitement to the Buckner Children’s Home,” said Eric Stanley, president and COO. “The Bright Realty team members certainly had a great time shopping for the kids and checking off the items on their lists. And that is really what Christmas is all about.”
2015-12-02 Bright Realty: ICSC Texas Recap
The Bright Realty team returned to the International Council of Shopping Centers (ICSC) Texas Conference and Deal Making event in November. The conference took place at the Kay Bailey Hutchison Convention Center in Dallas.
Bright Realty’s 800-square-foot, high-tech set-up offered retail partners the opportunity to learn about the company’s latest projects including pad sites in the Lewisville/Castle Hills area; a junior anchor development on the southeast and southwest corners of SH 121 and Castle Hills Drive; and the expansion of the Castle Hills Village Shops.
The Bright Realty pad site on SH 121, just west of Plano Parkway and adjacent to Nebraska Furniture Mart, got the attention of many national brand service retailers at the convention. This high visibility and easy access address already has a Planet Sub restaurant, a dentist office and a Starbucks under tentative agreement, leaving just 2,400-square-feet of building space at the site.
Bright Realty reps also used the convention to present opportunities at The Realm, a junior anchor development with opportunities for a large grocer, big box retailers, restaurant and entertainment sites as well as pad sites. The population growth within one mile of The Realm, as well as another Bright Realty pad site on the busy southwest corner of Josey and Windhaven, is projected at 25.6 percent within the next five years, making these developments a draw for a number of tenants.
Growth at the Castle Hills Village Shops was also a topic of discussion. This popular neighborhood destination within the Castle Hills community has become known with local “foodies” for its trendy dining spots. Bright Realty will be adding a fifth phase to the Village Shops in the coming months.
In addition, Bright Realty continues to build a list of impressive transactions with tenants such as ALDI, Wingstop, Orangetheory Fitness, Unser Racing, Little Caesars, Cricket Wireless, Spirit Halloween and more.
“Bright Realty is front and center in the massive development along the State Highway 121 area. It’s exciting to be instrumental in this kind of change and to be able to share that with potential partners at ICSC,” said Britton Lankford, Senior Vice President.
2015-12-02 Castle Hills Business Breakfast Spotlights Population and Retail Growth in Area
Several local business leaders met recently at The Lakes at Castle Hills for an update on commercial and residential growth in what has become one of the busiest development corridors in all of North Texas: the SH 121 area in Lewisville and The Colony that includes Castle Hills and the busy Nebraska Furniture Mart/Grandscape area.
“What had previously been a bedroom community is transforming into one of the fastest growing areas of DFW. The population within the Retail Trade Area (RTA) along SH 121 has almost tripled in the last 15 years. And the total number of businesses in Lewisville grew from 4,300 in 2009 to more than 5,000 in 2012. That kind of growth will certainly continue with the number of corporate relocations to the area,” said Lucas Patterson, executive VP for Bright Realty and a veteran in the commercial real estate field. The group met on November 17 at The Lakes at Castle Hills country club.
Patterson gave specific updates on new developments and status updates on ongoing projects to both business leaders and local homeowners, who are interested in how the activity will affect them.
“Approximately 360 people are moving to Texas every day. According to the U.S. Bureau of Labor Statistics, the state has added 104,000 jobs in the last year and the unemployment rate in Texas is below the national average. Increased rents and a strong demand for space has resulted in the highest new development pipeline for retail Dallas-Fort Worth has seen since the recession,” said Patterson. “And with the progress on construction along 121, we are seeing some very exciting entertainment options and employment opportunities coming to our community as well as a lot of traffic and success for current businesses. The new Top Golf, for example, is one of the busiest – and biggest earners of alcohol sales – in the state.”
Bright Realty has approximately 350 commercial acres at various stages of development in the area. Patterson said that Bright Realty recently signed an ALDI and several other tenants to a pad site on Josey and Windhaven. A pad site on 121, just west of Plano Parkway, will feature a sandwich shop and has a Starbucks under tentative agreement. In addition, infrastructure on the 150-acre Crown Center office park is complete and Bright Realty is currently marketing Crown Centre’s pad sites for Class A office for sale or build to suit.
Residential opportunities are also growing in the area. Bright Realty just released more than 500 lots for single-family homes in Castle Hills and is seeing heavy traffic from Toyota and other relocations. Development is also well underway for Discovery at The Realm with the first 423 of 4,000 luxury multi-family units being delivered spring 2016.
Lacy Teague, a business owner who recently purchased a home in Castle Hills, attended the meeting to learn about the most recent developments in the area as well as network with other local executives and residents. “The meeting was a great opportunity to get insight from people who are both prominent and active in this specific community, and also invested in its success,” said Teague. “They have a clear understanding of its potential and I walked away with some very useful information, from the perspective of both a local homeowner and business owner.”
Also discussed were commitments from other large retailers coming to the area such as a Rooms-To-Go flagship store, a Marriott and other hotels, an In-N-Out Burger and a Coyote Drive-In movie theater as well as the location for two future LISD schools.
“Nebraska Furniture Mart alone is expected to bring in more than 8 million shoppers a year,” said Patterson, “and the projected population around Castle Hills will continue to experience incredible growth. We are working hard to bring both residents and the day time population the retail, office and entertainment this area will need to keep up with this kind of growth.”
For information about The Lakes at Castle Hills, visit their website at www.lakesatcastlehills.com.
2015-10-29 Unique Dining Experiences Draw Foodies to Castle Hills Village Shops
The Castle Hills Village Shops, in Bright Realty’s master-planned community in Lewisville, is proving to be a popular dining destination for both “locals” and foodies from all over DFW. Crowds are flocking to the popular PI.E 3.14 Everyday Eatery thanks to positive reviews and word-of-mouth. The success of PI.E 3.14, which opened June 2014, has been so great that its owner, Sean Conner, is now producing a second culinary concept for the Village Shops. He describes his next venture, TBD Kitchen, as the “funky taco shop” he says he’s always wanted to open. He hopes to be serving those funky tacos in Castle Hills by November 2015.
When Conner opened PI.E 3.14, which specializes in signature pizzas like “Lipstick on a Pig” (pork belly, yella cheese, kale, red onion, Carolina bbq sauce and cilantro), it resulted in attention from CultureMap, Dallas Observer, Restaurant magazine and more. DFW Crave said, “Embraced by the tightly woven neighborhood in a beautiful shopping center that offers pretty much everything the golf cart driving community might need, PI.E 3.14 is a match that offers some pretty terrific pizzas, salads, sharables, and hefty entrees.”
“Our success is based on a constant fight to edit to perfection,” said Conner. “We strive to be better every day and never get complacent. People like new and fresh and that is our approach. And the neighborhood has been a dream come true. We have the opportunity to serve the community and we love playing for this team.”
In addition to PI.E 3.14 and TBD Kitchen, the former Umi Umi Japanese Restaurant saw such success that it recently moved to a much larger space within the Village Shops and expanded its menu and model. The new Kanzi Sushi and Hibachi added 1,200-square-feet to the restaurant plus a large porch for outdoor dining that overlooks Lake Avalon. Furthermore, its new grill experience is proving to be both tasty and entertaining.
“The Village Shops offers convenience to the community in the way of services like a dry cleaners, a convenience store and dentist office. But it also serves as a popular gathering place, whether it’s for a meal or an outdoor community event, like the recent Fall Festival that drew almost 1,000 people,” said Lucas Patterson, Bright Realty Executive Vice President. “Castle Hills isn’t just a great place to live; it’s a great place to do business.”
2015-10-29 Bright Realty Continues Impressive Development in Castle Hills
Bright Realty’s mega-development Castle Hills continues to grow, and development of the master-planned community’s newest phase is underway. Castle Hills Phase 9, to be marketed as “Southpointe,” will add 177 50-foot home sites situated on approximately 35 acres at the northeast corner of Hebron Parkway and Standridge Drive.
Castle Hills currently has more than 3,600 single-family homes completed with 12,000 residents, making it North Texas’ fourth largest master-planned community. Homes in Southpointe will be built by American Legend Homes, a Bright Industries company, and Shaddock Homes. The neighborhood will feature a new park, playground and trail. Builder pre-sales are expected to begin early 2016, with model home completion sometime next spring.
“The combination of quality homes within a quality master-planned community has led to Castle Hills’ continued success,” said Eric Stanley, Bright Realty President & COO. “With the number of corporate relocations to DFW and a location that is highly desirable, we are pleased to be able to meet the demand of builders who understand Bright Realty’s commitment to ensuring a quality way of life for the people who ultimately reside here.”
Bright Realty established Castle Hills in 1995 and has developed all 3,920 single-family lots to date. Bright Realty will continue development of the community with the addition of 300-400 more lots for single-family homes in the coming years. Bright Realty is also developing 423 apartment units to be delivered in April 2016 as the first phase of Discovery at The Realm, a multi-family project with more than 4,000 units projected at build-out. Discovery at The Realm is part of The Realm at Castle Hills, a planned mixed-use project planned along State Highway 121 frontage with Bright Realty as the developer. Bright Realty is a Bright Industries company.
2015-10-01 Meet the Bright Realty Team at ICSC Texas – November 4-6
The Bright Realty team returns to the International Council of Shopping Centers (ICSC) Texas Conference and Deal Making event this November. The conference takes place at the Kay Bailey Hutchison Convention Center in Downtown Dallas on November 4-6. Conference attendees are invited to visit
Bright Realty’s 900-square-foot, high-tech booth (#1119) where they may meet Bright Realty’s brokerage and leadership teams and can learn about the company’s latest projects. These include the upcoming mixed-use project The Realm at Castle Hills, located along prime SH 121 frontage near Josey in Lewisville. Other notable Bright Realty projects include a new corporate campus Crown Centre which is currently leasing; Discovery at The Realm, a luxury 4,000 unit multi-family project which will deliver the first phase (450+ units) in Spring of 2016; exclusive sales assignments; and expansion of successful projects such as the Castle Hills Village Shops.
2015-10-01 Bright Realty Developing ALDI-Anchored Site in Lewisville
Bright Realty is developing an ALDI-anchored retail site in the growing Castle Hills community of Lewisville. The 13-acre parcel, owned by Bright Realty, includes a total of seven commercial pad sites to be developed by the company. ALDI is the first retailer to close within the development. The ALDI site, located on the southeast corner of Josey Lane and Windhaven Parkway, is 1.809 acres. Two other tenants are currently under contract; those additional two lots total 3.863 acres.
In February of this year, the Dallas Morning News reported that ALDI has plans for more than 450 grocery stores in Texas. As of early 2015, ALDI opened 89 stores across the state since 2010, with 52 in North Texas and 19 in Houston. ALDI plans to begin work on the Castle Hills site in the first quarter of 2016.
The new ALDI will be near Nebraska Furniture Mart’s Grandscape development and other Bright Realty developments in Castle Hills including Crown Centre, a 150-acre office park, and Discovery at The Realm, a luxury 4,000 unit multi-family project, both currently under construction. Bright Realty’s 2,600-acre master-planned Castle Hills community currently has almost 4,000 single-family homes.
“The location near State Highway 121 is ideal for an ALDI-anchored site due to the extraordinary development – both residential and commercial – in this area,” said Chris Bright, CEO. “The projected population growth within a mile of this development is more than 20 percent in the next five years. We are proud to be a part of that activity and success for the area.”
Tim McNutt and Britton Lankford are representing Bright Realty in the sales of all pad sites at the ALDI-anchored site.
2015-10-01 Bright Realty Completes $20 Million Improvement Project
In October, Bright Realty will complete the last of $20 million in improvements it has made to The Lakes at Castle Hills with the unveiling of a newly redesigned and fully renovated clubhouse. This is the culmination of an improvement plan executed by Bright Realty since it obtained ownership of the club and golf course in September 2011 and rebranded the property as The Lakes at Castle Hills. Today, it is a private country club with over 300 member families and growing.
The clubhouse renovations, which provide a more contemporary design and feel to the club, include new locker room facilities, a men’s 19th hole bar and grill, women’s 19th hole, family dining areas, adult-only and private dining areas, kids’ club child care and activity room, treatment spa, pro shop and more. Also unveiled is enhanced event programming to appeal to the growing classification of social members The Lakes has attracted.
“While significant, the clubhouse renovations are just one aspect of the club that sets it apart from others,” said Chris Bright, CEO. “The club also features a new aquatic center with a resort-style pool and a tennis center with lighted courts, added by Bright Realty in 2013, and brand-new fitness facilities with new cart storage, added in 2014,” he added. While these new features have attracted a growing membership base, it is still smaller than other clubs. Members enjoy access to prime tee times plus the more intimate membership means dining is not rushed, even at its busiest times. Concurrent to the addition of new amenities, The Lakes has introduced new levels of memberships that meet a variety of needs and budgets: golf, sport or social.
The Lakes at Castle Hills is located in Bright Realty’s master-planned Castle Hills community in Lewisville. “The club is one of the community’s most valuable assets and amenities,” said Bright. “The renovations have allowed us to draw prestigious golf events like the recent NTPGA Greater Dallas Open Web.com event. But it also allows members to make the most of their membership. It’s a great backdrop for a round of golf, but also ideal for family and holiday celebrations, a Sunday brunch with neighbors or a business lunch.”
For information about membership opportunities, contact the membership team at 972-899-7400 or visit TheLakesatCastleHills.com.
2015-09-01 Castle Hills Northeast: Continued Sales and Success for Bright Realty
Bright Realty’s 2,600-acre master-planned Castle Hills community in Lewisville has been an active development for more than 15 years. It currently has more than 3,600 single-family homes and is DFW’s fourth largest active master-planned community. Meticulous long-range planning by the Bright Realty team has ensured the project’s growth and success.
Castle Hills Northeast is the most recently completed neighborhood within the community. It borders the Sam Rayburn Tollway and Windhaven Parkway and offers homes built by two quality builders, American Legend Homes and Highland Homes. Northeast’s lots were delivered in October 2014, totaling 379 lots, and currently 179 lots remain available. Results have far exceeded Bright Realty’s sales projections by almost 25 percent.
While Castle Hills has been an active development for 15 years, the addition of 550-plus lots for single-family homes since 2014 represents not only the largest single-family lot gain in the organization’s history, but it increased Castle Hills’ lot count by an astonishing 17 percent.
“By planning and managing all facets of land development and lot delivery, Bright Realty is able to construct neighborhoods that support varied product lines and appeal to an array of desirable target markets,” said Chris Bright, Bright Realty’s CEO. “Neighborhoods are also phased properly, which prevents delivery of too much of the same product at one time.”
The Northeast neighborhood offers features appealing to buyers such as an amenity center with a fitness facility and pool. Bright Realty completed all land development which also included an 8,000-linear-foot stone wall surrounding Northeast and distinctive entry monumentation. Buyers also appreciate nearby conveniences at the Castle Hills Marketplace retail site including the new Kroger Marketplace and Lewisville Towne Center, which includes Super Target, PetSmart and a long list of restaurants, banking options, salons and more.
“We are pleased that we have been able to deliver Northeast so quickly and successfully, and that we are meeting the demand of our builders and buyers,” added Bright. “Northeast has proven to be an important part of Castle Hills’ consistent quality and value.”
Read more about Castle Hills at http://castlehills.com/.
Bright Realty achieved an important milestone in its project Discovery at The Realm, a multi-family development located at Castle Hills Drive south of Windhaven Parkway. Vertical construction has proceeded with framing underway on the first of three buildings to deliver 450-plus units in spring 2016. Discovery at The Realm is the first project to fulfill Bright Realty’s plans for The Realm at Castle Hills, a 324-acre mixed-use project to be built along State Highway 121.
Discovery at The Realm will offer residents urban construction in the suburban market. Every unit offers covered parking, due to a podium-style construction that means less outlying parking and more green space for parks, trails and water features. Additional lifestyle enhancers include a lakeside promenade with a residents’ “club,” resort-style pool, food and beverage service with cocktails, concierge services, organized group fitness programs, high-tech enhancements, housekeeping services, and pet services.
“The timing on this project is outstanding due to the number of high-profile relocations to the area,” said Chris Bright, Bright Realty CEO. Toyota, FedEx, and Liberty Mutual are joining established employers like Frito Lay, Raytheon and JC Penney are all a 10-minute or less commute to Discovery, as is DFW International Airport. In addition, projected growth within a one mile radius of Discovery is expected to increase by 25 percent within the next five years.
“Discovery is another step to achieving Bright Realty’s vision of an easily accessible urban core that gives individuals a single location to live, play, dine, shop and work,” added Bright. “We are excited with the progress we are making and will continue to share updates.”
2015-08-04 Bright Realty’s Crown Centre Project Achieves Milestone
Bright Realty is pleased to announce it has completed the first phase of development for Crown Centre, a 150-plus acre corporate campus to complement its well-established Castle Hills community in Lewisville. Located at the interchange of State Highway 121/Sam Rayburn Tollway and State Highway 121 Business, Crown Centre at Castle Hills will bring more than three million square feet of Class A office and retail space to the rapidly growing area.
With the infrastructure on the development now complete, Bright Realty is proceeding with plans for the first office building which is planned at seven stories with a total of 202,350 rentable square feet. The office building will be marketed by JLL, and plans include structured parking, outdoor seating areas with a lake and additional water features, abundant green space and a pecan grove, as well as a bocce ball court. Bright Realty is also marketing Crown Centre’s remaining pad sites for Class A office for sale or build to suit. Crown Centre’s busy location, near the newly opened Nebraska Furniture Mart, is expected to increase in population by 25 percent within the next five years. It’s also an easy commute to and from DFW International Airport.
“Crown Centre is envisioned as a modern loft-type corporate campus with water views and outdoor art installations for a more inviting feel,” said Bright Realty CEO Chris Bright. “For businesses looking to relocate to a prime location, it’s an opportunity to stake a claim in one of DFW’s fastest-growing submarkets. Its open floorplans and flexible spaces, in addition to the location, make it a desirable location for any tenant.” Plans at the site also include a 200-room hotel.
For information about Crown Centre at Castle Hills, contact Eric Stanley at 972-410-6600.
2015-08-04 Commercial Activity in Castle Hills area adds to Crown Centre’s appeal
Now is the time to take advantage of office space in the new Crown Centre corporate campus along Highway 121 in the Castle Hills area. The area is seeing enormous growth, which means tenants have easy access to new dining, shopping and entertainment destinations nearby, as well as a convenient location. According to a Dallas Morning News article on the Crown Centre development, the area is “one of the most active communities in the metroplex.”
In addition to the much-publicized Nebraska Furniture Mart and Grandscape projects, several major retail tenants have opened within a three-mile radius of Crown Centre. These retailers are supported by the steady population of affluent home buyers and shoppers in Castle Hills, Carrollton, Plano and Frisco, as well as the recent influx from corporate relocations.
•Castle Hills Marketplace recently opened with a high-end Kroger Marketplace as well as several popular destinations like Zoe’s Kitchen, Pei Wei and Orangetheory Fitness.
•Lewisville Towne Crossing offers a SuperTarget, PetSmart, Ulta and the area’s first growler shop, Lone Star Taps & Caps, as well as a long list of varied dining options.
•The Castle Hills Village Shops keep growing with the very popular PI.E 3.14 Everyday Eatery, Kanzi Sushi & Hibachi, FroYo Smoo-licious plus a number of neighborhood conveniences.
•Other major brands along State Highway 121 include Walmart, Top Golf, In-and-Out Burger and Home Depot.
“If you are looking for office space in an area with unbelievable growth potential, Crown Centre is the place. Great things are happening, and now is the time to be a part of it,” said Eric Stanley, President, Bright Realty. For more information, call 972-410-6600.
2015-04-28 Bright Realty Brokers Abilene Sale
Bright Realty brokered the sale of a 9,990-square-foot building in Abilene at 2325 S. Danville. The transaction included .78 acres of land. Tim McNutt and Britton Lankford of Bright Realty represented the buyer, a private investor, in the transaction. Erik Johnson with Paul Johnson & Associates represented the seller.
2015-02-02 The Lakes at Castle Hills Clubhouse: Construction Update
Major renovations at The Lakes are on schedule and moving right along! Construction is underway on the main clubhouse which, at completion, will add more than 12,500-square-feet of additional space, bringing the clubhouse’s total square footage to a whopping 23,477-square-feet! This extra space will feature expanded adult and family dining areas, a new treatment spa, a new kid’s area, much larger locker rooms, a larger kitchen and a new golf shop. The updates in this portion of the project, anticipated for completion by late summer, also include a men’s and women’s 19th Hole bar and grill and nearby event lawn.
This renovation follows the brand-new 4,444-square-foot Fitness and Wellness facility that the Lakes recently built adjacent to the Clubhouse. Members are working toward their New Year’s health and fitness goals with an impressive list of the latest work out equipment including PreCore, Life Fitness, Hammer Strength, Iron Grip and TRX brands.
Golf is still in full swing at The Lakes and families can take advantage of club dining in a relocated, temperature-controlled outdoor area.
Membership promotions are available at The Lakes during the construction period. For questions about new memberships or construction updates, contact Nancy Donoghue or Scott Fahey at 972-899-7400 or Nancy.email@example.com Scott.firstname.lastname@example.org.
Major renovations at The Lakes are on schedule and moving right along.
2015-01-29 Castle Hills growing with new corporate park, apartments and retail
More than 12,000 people have made a home in the Castle Hills development in Lewisville in the 20 years since the project was started.
Now the 2,600-acre community is entering a new phase of development with the start of construction on thousands of apartments, more retail space and an office park.
“We are probably about 60 percent built out,” said Chris Bright, CEO of Castle Hills developer Bright Realty. “I figure we have another 10 to 15 years’ work left.
“Now we are about 60 percent residential,” Bright said.
With about 3,300 occupied homes, Castle Hills has been one of the most successful suburban residential developments in the Dallas area.
Single-family homes in the project, which includes a country club, central shopping village and neighborhood parks, start at more than $300,000 and go above $1.5 million.
“It’s been one of the most active communities in the metroplex,” said David Brown of housing analyst Metrostudy Inc. “It was in the top 10 in the second half of last year.
“It’s become more of an infill location now as everything has moved to the north. I would expect the final phases to do extremely well.”
Bright said that there is only enough vacant residential property left in Castle Hills for 800 to 900 more single-family homes.
So the developers are turning to commercial land that’s been withheld for higher-density projects.
“The first 15 years at Castle Hills has been about building the residential component,” Bright said. “We had to do that first.”
Construction has started on a 150-acre office and business park at State Highway 121 and Carrollton Parkway.
The Crown Centre Office Park is planned for as much as 3 million square feet of construction. The first office building will have more than 200,000 square feet.
Bright said the location between Interstate 35E and the Dallas North Tollway should be attractive to businesses.
“We’re 11 miles from the north entrance of D/FW Airport on the freeway,” he said. “And we have the single-family housing for the decision makers to live.”
Soon Castle Hills will have high-density rental communities that appeal to young professional workers.
Bright Realty is breaking ground on a 20-acre, 423-unit urban-style apartment project that will be on Castle Hills Drive south of State Highway 121.
The $75 million development is across the street from where Bright plans to build several hundred thousand square feet of shopping and entertainment venues.
“We’ve been talking to theater operators,” Bright said. “There is going to be some office, but the anchor of our project is multiple restaurants.”
Castle Hills is just up the freeway from where Nebraska Furniture Mart is about to open its almost 2 million-square-foot store and distribution center next year at State Highway 121 and Plano Parkway.
The giant furniture complex and surrounding retail are expected to draw thousands of shoppers to the area.
“When they go next door, I get all the benefits without having to accommodate them,” Bright said.
Toyota Motor Corp.’s $350 million North American headquarters campus is also being built nearby, on 121 at Legacy Drive. It will bring almost 4,000 new professional workers to the area.
The new apartments at Castle Hills and other suburban Dallas residential developments are bringing a lifestyle now preferred by the majority of young office workers.
“You are talking about an integration of single-family homes with apartments, entertainment and retail,” said Greg Willett, vice president of Carrollton-based apartment analyst MPF Research. “We’ve spent the last decade talking about the urban core, and the suburbs are becoming a new interesting story.
“It’s an evolving environment where you are urbanizing suburban locations,” Willett said. “The jobs are already there.”
Adding commercial businesses and Uptown-style apartments at Castle Hills will complete the vision for the plan that dates back to the 1980s.
“I’ve been working on this project for a long time,” Bright said. “My dad bought the first piece of this land in 1952 — the year I was born — for $83,000.
“He had acquired it all by 1966.”
Businessman H.R. “Bum” Bright bought up the farmland northwest of Dallas after studying suburban locations for future development potential. “He wanted to buy as close to downtown Dallas as he could at the lowest price,” Bright said. “Having this land free and clear without debt enabled us to address it carefully over time.
“You have to have the discipline to wait for what makes sense for your development.”
2015-01-29 In the News: Bright Realty’s projects get front page business section feature in DMN
Chris Bright recently sat down with the Dallas Morning News’ Steve Brown for an in-person update on the latest developments in Castle Hills. Bright and Brown discussed the dramatic growth in the State Highway 21/Nebraska Furniture Mart area and Bright Realty’s newest projects there: construction on thousands of apartments, more retail space and an office park.
“You are talking about an integration of single-family homes with apartments, entertainment and retail,” said Greg Willett, vice president of Carrollton-based apartment analyst MPF Research. “We’ve spent the last decade talking about the urban core, and the suburbs are becoming a new interesting story.
“It’s an evolving environment where you are urbanizing suburban locations,” Willett said. “The jobs are already there.”
Read the full article here.
2014-12-23 Bright Realty Teams Spreads Holiday Cheer to Local Veterans
The Bright Realty team showed support for Denton County veterans and their families by participating in the VA Hospital Toy Drive. This effort specifically supports Denton County veterans who are hospitalized and may not be home for the holidays. More than 100 gifts were donated to the children of veterans, and to veterans themselves, by members of Bright Realty and other Bright Industries companies. Those gifts were presented to volunteers from the local American Legion post on December 19 at Bright Realty’s headquarters.
“It is our honor to help spread holiday cheer to members of the armed forces,” said Bright Realty President and COO Eric Stanley. “We are appreciative of the sacrifices these service men and women make for us and wish them the very best holiday season.”
2014-12-16 Bright Realty Year In Review
It has been a very busy year for Bright Realty. In October, Bright Realty announced the development of Crown Centre at Castle Hills, a billion dollar office park located in the busy Nebraska Furniture Mart area on State Highway 121. The corporate campus will bring more than 3 million square feet of Class A office and retail space to the growing area.
The company also announced the groundbreaking of its first multi-family project. The first phase of Discovery at The Realm, a luxury product planned with more than 4,000 units projected at build-out, broke ground in November. The mixed-use project will be just south of Windhaven Parkway at Castle Hills Drive in Lewisville. Discovery at The Realm’s first phase will be developed in three podium-style buildings on 20.372 acres of land. The first available units are planned for an April 2016 delivery with all phase one units delivered by October 2016. Total project costs will be in excess of $75 million.
In residential development news, Bright Realty delivered 379 lots for single-family homes to the Castle Hills master-planned community. In the past year, the company has delivered a total of 523 lots for single-family residential home construction. With these latest lots, the total number of single-family homes in Castle Hills is 3,653, making Castle Hills DFW’s fourth largest active master-planned community, with continuous new home construction activity spanning 15-plus years.
Bright Realty reps have also been very busy closing office, retail and medical office deals all over the North Texas area, including leases and sales with tenants such as RaceTrac, Goodwill and WingStop. The company continues to hold exclusive leasing assignments in many North Texas cities including Plano, Allen, McKinney and Prosper and the Castle Hills Village Shops, among others.
Bright Realty brokers closed the sale of the former headquarters of Bright Realty, located at 4228 N. Central Expressway. Bright Industries and its remaining entities had vacated the building in 2013 to relocate to a new office in Castle Hills.
To keep the business community updated on local developments, real estate trends and economic issues that affect the growing DFW area – and Lewisville and Castle Hills specifically – Bright Realty has also begun hosting “Business Breakfast” events at The Lakes at Castle Hills. The breakfast meetings feature speakers and Q&A with local experts such as Trent Perry, economic development consultant for the city of Lewisville, who illustrated the plans for immediate and long-term growth in the city of Lewisville.
“Bright Realty has been involved in billions of dollars of real estate development, investments and lending since the 1950s,” said President and COO Eric Stanley. “Our presence is the market is stronger than it has ever been. We anticipate 2015 to be an even busier and bigger year for us.”
Discovery at The Realm is a walkable community featuring a lakefront promenade with access to resident services including food and beverage, spa, fitness programs, concierge, pets, housekeeping plus interactive programs and events.
2014-11-05 Lewisville development will bring 4,000 apartments
Developers of a Lewisville community are breaking ground this month on the first of more than 4,000 planned apartments.
The huge new rental housing complex will be built on the south side of State Highway 121, just west of the new Nebraska Furniture Mart and Toyota’s planned headquarters.
The project is part of the 2,600-acre Castle Hills development, which has been under construction since the 1990s.
The new Discovery at The Realm apartment community will have three buildings in the first phase on more than 20 acres south of Windhaven Parkway at Castle Hills Drive.
The initial 419-unit, five-story apartment complex is expected to cost more than $75 million and will open in 2016.
“We think the timing is right to do this project,” said Chris Bright, CEO of Castle Hills developer Bright Realty. “We are trying to create a little bit of an urban environment, but in a suburban location.
“We’ve gone all across the country looking at projects like this to see what we should create.”
The apartment buildings will be connected by a series of parks and trails, with resort-style swimming pools, a spa and other amenities.
The rental community was designed by 505 Design of Boulder, Colo., and LandDesign and BB+M Architecture of Charlotte, N.C. Andres Construction Services of Dallas is the general contractor.
Mutual of Omaha Bank and Great Southern Bank of Springfield, Mo., are providing construction financing that was arranged by Berkadia Commercial Mortgage LLC. Cornerstone Real Estate Advisers LLC also provided funding representing one of its institutional clients.
The Discovery at The Realm apartment community is just one of several new developments in the Castle Hills project. Bright Realty recently broke ground on the first phase of a 150-acre office park called Crown Centre at Castle Hills. The first office building will have about 200,000 square feet.
And construction is underway on the Castle Hills Marketplace shopping center, which is anchored by a Kroger Marketplace supermarket.
“There is a mixed-use project we are still working on Windhaven Parkway [near the new apartments] that will have 400,000 to 450,000 square feet of retail,” Bright said. “The whole 121 corridor is on fire right now.”
Since opening in 1998, Castle Hills has grown to 10,000-plus residents and more than 3,600 single-family homes.
“We have another 800 or 900 home lots left to deliver,” Bright said. “We’re probably four to six years within being built out on the single-family homes.”
The Bright family’s involvement in the property goes back more than a half century.
“My dad, H.R. ‘Bum’ Bright, bought the first piece of it in 1952,” Bright said. “We donated the right of way for 121 in 1989.”
The projects at Castle Hills are just the latest in a string of major developments on State Highway 121 between the Dallas North Tollway and Interstate 35E.
Nebraska Furniture Mart will open its almost 2 million-square-foot store and distribution center next year at 121 and Plano Parkway. The giant furniture retailer is part of an even larger mixed-use project that will include shops, restaurants, hotel rooms and other buildings.
Toyota’s $350 million North American headquarters campus will be constructed nearby at Highway 121 and Legacy Drive.
Another big project — the $2 billion Legacy West mixed-use development — will kick off in February near the southwest corner of 121 and the tollway.
2014-11-05 Bright Realty kicks off new $75M apartment community at Castle Hills
After getting started on a massive $1 billion
corporate campus near Nebraska Furniture Mart, Lewisville-based Bright Realty has kicked off a new $75 million, 4,000-home luxury apartment development.
The developer plans to get started on the first phase of the project, known as Discovery at The Realm, alongside State Highway 121 south of Windhaven Parkway in Lewisville later this month.
Bright Realty President and COO Eric Stanley said the decision to start the project comes on the heels of corporate newcomers settling in the nearby corridor, such as Toyota North America, Nebraska Furniture Mart, and FedEx Office.
“With the employment growth rate in Dallas-Fort Worth at a consistent incline, the population will continue to expand and thrive, which will ultimately require housing to those employed in the area,” said Stanley, in a statement.
The initial phase of the project will sit on more than 20 acres of land, with the first apartment homes scheduled for completion in April 2016.
Plans for the new residential community include a number of apartments buildings within a walkable community, which includes trails, parks and resort-style swimming pools. The development will also include a lakeside promenade, concierge service and spa.
This project will sit next to the new Castle Hills Marketplace shopping center, which is currently under construction at State Highway 121 and Josey Lane.
Bright Realty is working with 505 Design in Boulder, Colorado, LandDesign in Charlotte, North Carolina, and BB+M Architecture, also of Charlotte. Dallas-based Andres Construction Services is the project’s general contractor.
The new community will be part of larger development at Castle Hills, which will be known as The Realm at Castle Hills. The overall project will include more than 5,000 apartment homes and 1.4 million square feet of retail, office, restaurant and theater on a total of 324 acres.
This project is a milestone for Bright Realty after CEO Chris Bright’s father H.R. “Bum” Bright got his start in real
estate more than six decades ago, Bright said.
“With Discovery, we are getting back to our roots, but with a modern twist," he said.
2014-10-17 Bright Realty begins work on $1B Castle Hill corporate center
After 16 years of slowly building mega-development Castle Hills from the ground up, Lewisville-based Bright Realty is getting started on a $1 billion, 3 million-square-foot corporate office park.
The 150-acre office park, called Crown Centre at Castle Hills, will sit on the Sam Rayburn Tollway in Lewisville near the not-yet-completed Nebraska Furniture Mart in The Colony.
The office park — similar in size and scope to Hall Office Park in Frisco — will attract Fortune 500 companies and firms seeking a high parking ratio, said Bright Realty CEO Chris Bright.
"This was always part of the original plan," said Bright, who has worked on the Castle Hills mega-development for 25 years. "We are starting on the first phase of the 150-acre office park, or about 45 acres, with the idea we can deliver 3 million square feet of office space and a hotel."
Work is underway on the office park's first 200,000-square-foot office building. Bright Realty is already marketing the speculative office building.
Each building in the park is expected to range from 150,000 square feet up to 400,000 square feet, depending on tenant demand, Bright said.
"This is part of an upper-end development with access to amenities and major retailers near the site," he said. "This is almost an infill site; we aren't pioneering a lot anymore and we are taking advantage of the demand that's already there."
The Castle Hills development has already added nearly $1.6 billion to the tax base, Bright said. In the next five to seven years, he expects to pump an additional $1 billion into the property tax base.
Bright Realty has continued to develop home lots, with 3,300 homes or home lots on the ground after the community's first resident moved into the development in 1998.
At full build-out, mega-development Castle Hills is expected to have roughly 4,200 single-family homes.
"We think we are creating a residential environment that provides an effective workforce for those types of businesses with a reasonable commute, which I think will become more important over time as the region grows," Bright said.
The corporate office park, which will take 12 to 20 years to completely develop, is expected to have a lake with water views and outdoor art installations.
505 Design and LandDesign designed the office campus.
The first building at Crown Centre is expected to be complete by the end of the first quarter in 2015.
2014-10-09 Exclusive: Castle Hills developer kicks off $1B corporate office park
The developer behind mega-development Castle Hills has started work on a $1 billion, 3 million-square-foot corporate office park — similar in size and scope to Hall Office Park in Frisco — near the not-yet-completed Nebraska Furniture Mart in The Colony.
The 150-acre office park — called Crown Centre at Castle Hills — will sit on the Sam Rayburn Tollway in Lewisville and will attract Fortune 500 companies and firms seeking a high parking ratio, Bright Realty CEO Chris Bright told the Dallas Business Journal in an exclusive interview Thursday.
“This was always part of the original plan,” said Bright, who has worked on the Castle Hills mega-development for the past 25 years. “We are starting on the first phase of the 150-acre office park or about 45 acres with the idea we can deliver 3 million square feet of office space and a hotel.”
Bright recently started on the $1 billion development, with work underway on the office park’s first 200,000-square-foot office building. Bright Realty is already marketing the speculative office building.
Each building in the park is expected to range from 150,000 square feet up
to 400,000 square feet, depending on tenant demand, Bright said.
“This is part of an upper-end development with access to amenities and major retailers near the site,” he told me. “This is almost an infill site, we aren’t pioneering a lot anymore and we are taking advantage of the
demand that’s already there.”
Right now, Bright Realty’s Castle Hills development has added nearly $1.6 billion to the tax base, he said. In the next five to seven years, Bright expects to add more than $1 billion to the property tax base.
Bright Realty has continued to develop home lots, with 3,300 homes or home lots on the ground after the community’s first resident moved into the development in 1998. At full build-out, mega-development Castle Hills
is expected to have roughly 4,200 single-family homes.
“We think we are creating a residential environment that provides and effective workforce for those types of businesses with a reasonable commute, which I think will become more important over time as the region
grows,” Bright told me.
The corporate office park, which will take 12 to 20 years to completely develop, is expected to have a lake with water views and outdoor art installations. 505 Design and LandDesign designed the office campus. The first building at Crown Centre is expected to be complete by the end of the first quarter in 2016.
2014-02-03 Bright Realty Brokers Deals for Busy Castle Hills Village Shops
Bright Realty brokered two leases for the busy and growing Castle Hills Village Shops at 2540 King Arthur Boulevard in Lewisville.
Kim Ortiz Photography will open a 936-square-foot studio in the shops. Kerry Assa of Bright Realty represented the landlord in the transaction; Michael Huge of Huge Real Estate Advisors represented the tenant.
L’Studio Nails and Spa will open a 1,125-square-foot space in the Village Shops. Kerry Assa of Bright Realty represented the landlord in this transaction, as well.
The Castle Hills Village Shops is a Bright Realty development. The shops are located within the Castle Hills master-planned community and include an outdoor plaza area with tree-shaded walkways, gardens, numerous water features, a permanent stage and shaded seating. The setting combines specialty-themed shops, restaurants and services and is the site for regular community events such as live concerts, movie nights and holiday festivals.
2014-01-07 Bright Realty Promotes Britton Lankford to Senior VP
Bright Realty has promoted Vice President Britton Lankford to the position of senior vice president of retail brokerage. In his new role, Lankford will be responsible for oversight of the retail brokerage team as well as assisting Bill Knotts, executive vice president of Bright Realty, in new business development and recruiting as the company expands services for clients throughout DFW and Texas.
“In the two-plus years Britton has been with Bright Realty, he has excelled in personal production as well as in mentoring and supporting his retail brokerage and sales associate colleagues,” said Knotts.
Lankford originally joined the Bright Realty team as a commercial leasing and sales associate. Prior to joining the Bright team, Lankford worked for Century 21 Commercial where he managed 13 agents and handled tenant representation, successful site selection, lease negotiation and the opening of prosperous retail sites. He also served Cross Development, overseeing all aspects of Wal-Mart Super Center-shadowed retail projects with site selection and leasing.
Lankford is a licensed Realtor in the state of Texas, a member of North Texas Commercial Association of Realtors and the International Council of Shopping Centers. He lives in Plano with his wife and two boys, ages 5 and 7.
2013-06-18 Bright Realty Gets McDermott Plaza 100% Leased
Bright Realty brokered two new leases in Plano’s McDermott Plaza at the intersection of McDermott and Coit roads. A 907-square foot Appletree Flowers & Gifts and the 824-square foot Word Math Plus, a tutoring service, bring the site to 100 percent capacity. Britton Lankford and Tim McNutt of Bright Realty represented the landlord in both leases. George Tanghongs of Lee & Associates represented tenant Appletree Flowers & Gifts.
2013-04-08 Bright Realty Cleans Up in Flower Mound
Bright Realty brokered the lease of a 1,353 square foot MaidPro Flower Mound. The new maid service will be located in Wentwood Village at 500 Flower Mound Road. Britton Lankford and Tim McNutt, Jr. of Bright Realty represented the landlord in the transaction.
2013-01-18 Moving In
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2012-10-02 Bright Realty Actively Pursuing Land Sales on 16.9 Acres on High Traffic Hwy. 121 Corridor
Bright Realty has the sales assignment for a 16.9 acre retail tract (from one to five-plus acres in size) fronting Hwy. 121 between Josey Lane and Plano Parkway. The site sits between Super Target and the recently announced Nebraska Furniture Mart. The site is located in a heavy traffic area among several established large retailers, directly on the Hwy. 121 eastbound exit ramp. It can be divided into multiple pad sites, if needed.
“This site offers substantial activity due to the already-established nearby Super Target, Wal-Mart Supercenter and Home Depot,” said Tim McNutt, Bright Realty executive vice president. “It is situated adjacent to the upcoming Nebraska Furniture Mart, which broke ground this month, giving it even greater exposure with its estimated $600 million in annual sales,” he added. In addition, the property is close to the corporate offices of Sysco, JC Penney and Frito-Lay.
2012-09-25 Castle Hills Village Shops Expansion Underway
Bright Realty acquired the sales assignment for a very desirable 32-acre retail site located on the southeast corner of Hwy. 121 and Josey Lane, just west of Plano Parkway. The site is located in a heavy traffic area among several established large retailers, directly on the Hwy. 121 eastbound exit ramp. It can be divided into multiple pad sites, if needed.
“This site offers substantial activity due to the already-established nearby SuperTarget, Walmart Supercenter and Home Depot,” said Tim McNutt, Bright Realty executive vice president. “It is situated adjacent to the upcoming Nebraska Furniture Mart, which broke ground this month, giving it even greater exposure,” he added. In addition, the property is close to the corporate offices of Sysco, JC Penney and FritoLay.
2012-08-28 The Lakes at Castle Hills Announces New Executive Chef
The Lakes at Castle Hills golf course and club is pleased to announce the appointment of a new executive chef. Eric Lokke will bring his unique recipes, which reflect Texas comfort food with a Mexican twist, to the club.
Chef Eric was raised on his family’s southern comfort food and discovered his love for cooking while working as a prep cook at Hollywood’s Kodak Studios. He attended Le Cordon Bleu College of Culinary Arts in Dallas and, after graduation, worked as chef in well-known Italian restaurants and steakhouses. Over the years, he has created his own style of food: a fusion of his favorite Southern and Mexican recipes, influenced by his Texas roots and California restaurant experience.
Chef Eric’s new menu at The Lakes at Castle Hills will feature appetizers such as fried chicken and waffles, a recipe of crispy breaded fried chicken wings on maple-bacon waffles with an ancho chile maple syrup. His par 3 sliders will also be popular appetizers. The trio of sliders will include bacon cheeseburger, lamb with mint yogurt sauce, and buffalo chicken with ranch and bleu cheese crumbles. His entrée menu will feature honey bourbon marinated shrimp with jalapeno-bacon-cheddar grits as well as a Texas meatloaf topped with jalapeno gravy. As with all of the fare, desserts and breads will be made from scratch in The Lakes’ kitchen.
“I’m looking forward to bringing a distinctive menu and one-of-a-kind recipes to The Lakes at Castle Hills,” said Chef Eric. “While the presentation will be unique to The Lakes, the recipes will feature flavor combinations that we Southerners have known and appreciated all our lives.”
“Eric’s cuisine, sense of humor and approach to hospitality make our guests feel welcome, comfortable and at home each and every visit,” said Chris Martinez, The Lakes at Castle Hills general manager. “We are already getting great feedback on his unique recipes and look forward to sharing them with all of our guests.”
In addition to his experience as a restaurant chef, Chef Eric has also served as a special event chef for high profile guests such as President George W. Bush, the Dallas Stars, Chicago Blackhawks, Dallas Mavericks and Ross Perot. He also worked as a standup comedian and has been featured on The Simple Life with Paris Hilton and Larry King Live.
2012-08-14 Bright Realty Brokers Lease for Spirit Halloween in Sherman
Bright Realty brokered a new lease for a 13,500 square foot Spirit Halloween in Sherman, Texas. The new Halloween superstore is located at 1909 Texoma Parkway. Britton Lankford of Bright Realty represented the tenant; Dean Gilbert, Jr. of Dean Gilbert Realtors represented the landlord.
2012-08-09 42nd Bright Realty Texas State Open Goes to Nathan Tyler in Playoff Win
The 42nd Bright Realty Texas State Open ended in dramatic fashion with Nathan Tyler of Phoenix, Arizona, capturing the title by birdieing the first hole in a sudden-death, three-man playoff. Tyler shot rounds of 71-70-70-69 for a four-round total of 8-under par, 280. Tyler bested his top-ten finish from last year's Texas State Open and took home the first place prize money of $25,000.
Jamie Elliott of Coppell, Texas, and Dustin Risdon of McKinney, Texas, also finished the day at 8-under par to force the playoff. Elliott shot rounds of 72-71-70-67-280, and Risdon had rounds of 73-71-67-69-280. Matthew Vela of San Antonio and Pat Grady of Broomfield, Colorado, finished the championship tied for fourth at four-under par, 284. Kolton Crawford of Mansfield, Texas, finished the championship at one-under par, 287 to capture low-amateur honors. Crawford is currently playing golf at the University of Arkansas.
"The Lakes at Castle Hills was an exceptional venue for this year's Bright Realty Texas State Open," said Mark Harrison, executive director for the Northern Texas PGA. "The feedback we received from the contestants was exceptional. They loved the layout, conditioning and the fact that the course provided a fair, but challenging test.”
The Texas State Open has a proud history of outstanding venues such as Champions Golf Club, Stonebridge Country Club, Horseshoe Bay, and The Woodlands and champions such as Lee Trevino, Ben Crenshaw and Jeff Maggert.
"The course was playing difficult to say the least. It was almost like a U.S. Open set up,” said Tyler. “You had to hit it in the fairway to hold the greens, and you had to hit the greens to make par. It was a great test. There weren’t a lot of places where you could attack, so I tried to make birdies on the holes I thought I could, and just hang in there on the others. It took extreme patience."
The 72-hole stroke play event consisted of 144 contestants. Following 36-holes, the field was cut to the low 50 scores and ties. 50 players survived the 148 (+4) cut. 46 professionals and 4 amateurs played the weekend rounds. All four rounds were contested at The Lakes at Castle Hills, a 7,256 yard, par 72 layout located in Lewisville. The total purse was $125,000.
“The team of dedicated professionals at The Lakes at Castle Hills delivered an outstanding golf course, customer service and amenities,” added Harrison. “We are already looking forward to next year's championship as we know it will even be bigger and better."
“We are pleased to host such a significant tournament and impressive group of golfers with the Bright Realty Texas State Open. We look forward to an equally exciting 2013 Texas State Open at The Lakes,” said Chris Martinez, The Lakes at Castle Hills general manager.
In addition to the Texas State Open, The Lakes recently hosted the NTPGA Texas Women’s Open. Bright Realty also recently sponsored 2012 Big Brothers Big Sisters annual fundraising golf event at The Lakes at Castle Hills. That tournament is rated as one of the top 10 charity golf events in the DFW area by the Dallas Business Journal.
2012-08-05 Tyler Captures 42nd Bright Realty Texas State Open
Nathan Tyler of Tucson, Arizona captured the 42nd Bright Realty Texas State Open in dramatic fashion by birding the first hole in a sudden-death, three-man playoff. Tyler shot rounds of 71-70-70-69 for a four-round total of 8-under par, 280. Tyler bested his top-ten finish from last year's Texas State Open and took home the first place prize money of $25,000.
"Today I was really just trying to downplay what I was playing for," said Tyler. "The course was playing difficult to say the least. It was almost like a U.S. Open set up. You had to hit it in the fairway to hold the greens, and you had to hit the greens to make par. It was a great test. There were not a lot of places where you could attack, so I tried to make birdies on the holes I thought I could, and just hang in there on the others. It took extreme patience."
Jamie Elliott of Coppell, Texas and Dustin Risdon of McKinney, Texas also finished the day at 8-under par to force the playoff. Elliott shot rounds of 72-71-70-67-280, and Risdon had rounds of 73-71-67-69-280. Matthew Vela of San Antonio, Texas and Pat Grady of Broomfield, Colorado finished the championship tied for fourth at four-under par, 284.
Kolton Crawford (a) of Mansfield, Texas finished the championship at one-under par, 287 to capture low-amateur honors. Crawford is currently playing golf at the University of Arkansas. He just completed his freshman year and was named to the SEC All-Freshman Team. Crawford was exempt into the field by finishing third in the amateur division at last year's Texas State Open.
The 72-hole stroke play event consisted of 144 contestants. Following 36-holes, the field was cut to the low 50 scores and ties. 50 players survived the 148 (+4) cut. 46 professionals and 4 amateurs played the weekend rounds. All four rounds were contested at The Lakes at Castle Hills, a 7,256 yard, par 72 layout located in Lewisville. The total purse was $125,000.
2012-07-31 Bright Realty Acquires Leasing of Arlington’s Woodland West
Bright Realty has acquired the leasing for Woodland West shopping center, a 176,414 SF retail center located near Interstate 30 in central Arlington. The site is anchored by a Tom Thumb grocery store and has more than 21,505 square feet of in-line retail space available for lease. Woodland West is located at 1112 – through 2833 West Park Row Dr. New tenants would join Tom Thumb, Quizno’s, Papa John’s Pizza, Tuesday Morning and several established and high-traffic retailers. Britton Lankford and Tony Albanese of Bright Realty will represent the property owner in Woodland West shopping center leases.
2012-07-31 Bright Realty Texas State Open Pro-Am Results
The Bright Realty Texas State Open Pro-Am was held today at The Lakes at Castle Hills in Lewisville. The Pro-Am consisted of 28 teams competing in a low gross plus low net ball format with a separate professional division. The team of Ray Richmond of Spring, Texas and three amateurs, Larry Boatner, Logan Boatner and Scotty Bryant took home first place and each amateur received a Nike VR-S driver with UST Mamiya PROFORCE VTS 65 shaft.
Brian Norman of The Colony, Texas, Stuart Deane of Arlington, Texas, Hudson Johnson of Longview, Texas and Will Osborne of Fort Worth, Texas all tied for 1st place in the professional division with rounds of even par, 72.
The Bright Realty Texas State Open Pro-Am precedes the 42nd Bright Realty Texas State Open, to be contested on Thursday, August 2 through Sunday, August 5 at The Lakes at Castle Hills. The Championship will be a 72-hole stroke play event consisting of 144 professionals and amateurs playing for a projected purse of $125,000. The field will play 36 holes before being cut to the low 50 scores and ties. The 42nd Bright Realty Texas State Open is presented by UST Mamiya.
For further information about the 42nd Bright Realty Texas State Open, please contact the Northern Texas PGA at (214) 420-7421 or visit the NTPGA website at www.ntpga.com.
Please find the final Pro-Am and Professional division results below:
Amateurs from the top three finishing teams received prize packages compliments of UST Mamiya. Amateurs on the 4th – 9th place finishing teams all received gift certificates from The Lakes at Castle Hills. Prize amounts listed are per-amateur. All ties were broken by a score card playoff.
All ties in the professional division were equally shared.
2012-07-30 Bright Realty Tops “The List”
The Dallas Business Journal (DBJ) recently named Bright Realty as the third largest residential developer in North Texas. In addition, Castle Hills, Bright Realty’s master-planned community, was named as North Texas’ third largest residential development.
Bright Realty and Castle Hills were both featured in the DBJ’s “The List,” annual rankings compiled by researchers at the publication. According to the DBJ, “The List” names “the hottest area companies in their fields,” is a “trend-tracker, serves as a barometer for the economy” and “keeps an eye on ‘what’s up, what’s down, who’s in and who’s headed out.’”
North Texas residential developers were ranked by the number of local lots developed or under construction in 2011. Bright Realty’s 571 lots beat out other well-known developers such as Hillwood Communities and Hines. Residential developments were ranked by new home starts through the first quarter of 2012. Bright Realty’s Castle Hills, a 2,500-acre Lewisville master-planned community, came in at 226 starts, just under Trophy Club and McKinney’s Westridge community.
“Being number three in this highly competitive market is an accomplishment and we are proud to be recognized for our hard work and success,” said Eric Stanley, Bright Realty president and chief operating officer.
2012-07-09 Bright Realty Closes Sweet Deal in Houston
Bright Realty brokered the lease for a 1,700 square foot Frutto Frozen Yogurt and Smoothies in Houston. The yogurt and smoothie site will be at Fall Creek Plaza, a 31,000 square foot shopping center at Beltway 8, just east of Wilson Road in Houston.
David Choe of Bright Realty represented the tenant; Beau Evans of Pollan Hausman Real Estate Services represented the landlord.
2012-06-29 The Lakes at Castle Hills Hosts Texas Women’s Open
The Lakes at Castle Hills is proud to have served as host for the 2012 Texas Women’s Open on June 20 and 21. Jody Fleming of Melbourne, Australia, captured the Texas Women’s Open at The Lakes at Castle Hills by five strokes over Kelsey Kipp of Tyler, Texas, with a final round score of 7-under par, 65 and 6-under par, 138 tournament total. The tournament serves to promote the game among female golfers in the region.
New to the championship this year was the Senior Division for participants aged 50 or older who elected to compete for a separate $2,100 purse and played at a modified yardage. Nancy Beck of Dallas was the 2012 Senior Champion. Rachel Smith of Mansfield, Texas, captured the low amateur award with a final round score of 3-over par, 75 and 3-over par, 147 tournament total. Haley Wilson of Fort Mitchell, Alabama, had a hole-in-one on the par-3, 7h hole. Wilson used an 8-iron from 145 yards.
The Lakes at Castle Hills is a newly renovated 18-hole championship course located in the master-planned community of Castle Hills in Lewisville, Texas. Following the Texas Women’s Open, The Lakes will welcome the Texas State Open, the premier championship for the Northern Texas PGA August 2 through August 5. This year marks the tournament’s return to Dallas after being in Tyler, Texas, for the last six years. The Lakes at Castle Hills is a Bright Realty development.
2012-06-22 Bright Realty’s Big Brothers Big Sisters Golf Tournament Raises Awareness and Funds
The 45th Annual Bright Realty Golf Classic and the 1st Annual Bright Realty Corporate Golf Championship benefitting Big Brothers Big Sisters raised more than $273,000 and will take kids off the waiting list for big brothers and big sisters This year’s tournament.took place May 21, 2012, at The Lakes at Castle Hills. Both saw low scores and great conditions at the newly renovated course and raised funds for the organization that places caring adults in the lives of children in one-to-one mentoring relationships.
For the inaugural Corporate Championship event, Brian Norman took the low individual trophy while the Bright Realty group of Dan Parker and Brian Norman took the inaugural team award. Both Norman and Parker are golf professionals at The Lakes at Castle Hills.
The afternoon Bright Realty Golf Classic scramble event saw the team from Martin Marietta Materials take the trophy from the 2001 Coors Distributing of Fort Worth championship team.
“The Bright Realty Golf Classic and Corporate Golf Championship Tournament is a chance for us to support Texas children,” said Chris Bright, Bright Realty owner and CEO ,”. “We are proud to support an organization that creates confident, goal-oriented young people” This is the fourth year that Bright Realty has served as title sponsor and the first time the event was held at The Lakes at Castle Hills, a Bright Realty development. Bright Industries has been a part of the Dallas skyline for more than 60 years and is a longtime supporter of several local charitable organizations.
2012-05-31 Bright Realty ICSC “RECON” Recap
The Bright Realty team recently returned from the 2012 International Council of Shopping Centers (ICSC) “RECON” convention, the world’s largest event for real estate professionals in the shopping center industry. The event drew more than 30,000 professionals to the Las Vegas Convention Center May 20 through May 23, 2012.
Twelve members of the Bright team manned the company’s 800 square foot, high-tech booth which drew attention with its impressive display of logos from Bright Realty tenants such as Einstein Bagel’s, Smashburger and Tutti Frutti. Real estate professionals who visited the booth also learned about the company’s exciting new project, The Bridges at Castle Hills, with detailed renderings of the 1.5 million square foot mixed-use project. Slated to break ground in 2013, The Bridges at Castle Hills features a 70,000 square foot luxury Cinetopia theater as well as more than 425,000 square feet for retail and restaurant, 540,000 plus square feet for office, more than 1,000 residential loft units and 154 boutique hotel rooms.
“RECON offered an opportunity for us to make some new contacts as well as spread the word about The Bridges and our properties all over the Dallas-Fort Worth area,” said Eric Stanley, managing director. “We are pre-leasing Phase III of the Castle Hills Village Shops and Plaza and seeking the right tenants for more than 400,000 square feet of third party leasing assignments and 50 pad sites.
“Bright Realty clients benefit from more than 60 years in the real estate business,” added Stanley. “ICSC is the premier global trade association of the shopping center industry, with 60,000 members, and it was valuable to be able to share that message in person.”
2012-02-21 David Choe Joins Bright Realty as Senior Associate
David Choe has joined the Bright Realty team as senior associate. In his role with the commercial real estate firm, Choe will focus on tenant representation, pad site assemblage and dispositions, project leasing and multi-unit development planning. Prior to joining the Bright team, Choe was an associate at The Weitzman Group; senior associate at J&B Commercial; and a financial consultant in private wealth management at Morgan Stanley. He is a Dallas native and graduate of Notre Dame University.
“I look forward to working with the great team we have in place at Bright Realty,” said Choe. “I'm confident that Bright Realty has the platform and foundation to make our brokerage division one of the best in Texas. I’m also optimistic about our growth potential and our goal to increase relationships with established local, state and national retailers and restaurant groups.
“With the current economic environment and the constant improvements in technology, adapting our industry and being more elastic to these changes is vital,” added Choe. “Everyone has access to all kinds of information at a faster clip. At Bright Realty, we will stay on top of that information, decipher it accurately and put it to work for our clients.” Choe’s client representation includes Smashburger, Einstein's Bagels, Tutti Frutti, Chicken Express, Yumi To Go, Eddie's Napoli's Italian Restaurant and Bbbop Rice Bowls.
2012-01-13 Sarah Jones Joins Bright Realty as Corporate Services VP
Sarah Jones has joined the Bright Realty team as vice president of Corporate Services. In her role, Jones will focus on office lease representation, including full facility relocation, expansions and reductions in facility space, acquisitions and dispositions, build-to-suit and design projects, multi-location facility roll-out, development of corporate standards and more.
“The current economy is a challenge for some, but a great opportunity for me to obtain more leverage for my clients. I thrive on challenge and look forward to helping companies make the most of their real estate investments,” said Jones, who prides herself on giving clients the attention they deserve regardless of size.
Jones has served as a corporate real estate advisor with Banner Commercial and as a project manager for Terex Corporation. “The experience I have allows me to understand the importance of budgets and project schedules,” Jones said, “as well as operational and business issues that can arise with any real estate transaction.” When not working, Jones spends time with her husband and two sons, and volunteers for several economic development committees, non-profit and civic organizations in her community, including the Crime Victims Association of Texas.
2011-12-05 Promotion of Bright Realty Projects in National Spotlight
Three unique promotional campaigns for Bright Realty have gained national recognition. The National Association of Home Builders (NAHB) awarded Bright Realty’s Castle Hills with five Silver Awards for “superior marketing achievements” from the NAHB’s National Sales & Marketing Council. Bright Realty is the developer of Castle Hills, a master-planned community located in north Dallas. Castle Hills was recognized with three distinct Silver Awards: Best Special Promotion, Best Social Marketing Program and Best Overall Advertising Campaign for the one-of-a-kind “Cooper & the Castle Hills Gang” branded entertainment feature. “Cooper & the Castle Hills Gang” is a 51-minute, family-friendly feature film that BCM produced for client Bright Realty. The unique movie vehicle incorporates film-making and social marketing to tell a real estate story in a completely new, engaging and relevant way.
Castle Hills also won Silver Awards for Best Website for a Community and Community of the Year for client Castle Hills. The marketing campaigns were created by Bright and Co. Marketing (BCM) which serves as in-house marketing communications and advertising agency for Bright Realty. As Silver Award winners for their region, BCM is eligible for the National Sales and Marketing Council’s prestigious national Gold Awards at the NAHB’s upcoming 31st annual national sales and marketing awards ceremony, to be held in conjunction with the International Builder’s Show in Orlando, Florida in February.
Bright Realty brokered the lease of a 46,500 square foot site in Allen for Billings Productions. The site, located at 1277 Republic Pkwy, will serve as the new and expanded headquarters for Billings Productions, North America’s leading provider of life-size animatronic dinosaurs for zoos, museums and theme parks. The lease was brokered by Bright Realty associate Tony Albanese. John Hendricks of CBRE represented the landlord.
Billings Productions has created dinosaurs for clients all over the world, including the Fort Worth Zoo, Houston Zoo, Cincinnati Zoo and Gardens, Detroit Zoo, France’s Dinovotion and Japan’s Misaki Park. With the move to its new headquarters, all dinosaurs—from the Allosaurus to the Tyrannosaurus Rex, each with its own electronic brain to activate and control movement and sounds—will be created on-site at the new Allen headquarters.
2011-10-18 Lunada Tex-Mex Grill Signed to Castle Hills Village Shops and Plaza
Bright Realty announced the signing of a new restaurant in the Castle Hills Village Shops and Plaza. The family-friendly Lunada Tex-Mex Grill will open December 2011 at 2560 King Arthur Blvd. in the Castle Hills community. The 2,561 square foot space will feature both traditional and unique Tex-Mex menu items in addition to an original taco menu. The lease was brokered by Bright Realty associate Elizabeth Ocando.
The restaurant is being opened and operated by award-winning local restaurateur Lisa Galvan, who launched and previously owned Luna de Noche restaurants in the Dallas area. With Luna de Noche, Galvan received recognition for the restaurant’s menu items from D magazine, Travel Host of Dallas, AOL City Guide and the Dallas Observer, among others.
Galvan’s partner in Lunada is food and beverage consultant Gerald Walker, former president of the Greater Dallas Restaurant Association and owner of several popular franchise restaurants. Also making up the Lunada team are Arnold Nitishin, partner and principle in CT Restaurant Management Services Group and Galvan’s son, Vance, who has managed several full service restaurants.
2011-10-05 REO Sale on 17,510 SF Fort Worth Site
Bright Realty announced it brokered the sale of a 17,510-square foot retail site in west Fort Worth. The one-story strip center is located at 5750. W. Vickery at Bryant Irvin Blvd. The REO sale of the partially built shopping center was brokered by Bright Realty associates Tony Albanese and Kerry Assa . Buyer and price are undisclosed.
2011-09-13 Bright Realty’s “The Lakes at Castle Hills” Golf Course Opens with Extensive Renovations
Bright Realty announced the upcoming grand opening of The Lakes at Castle Hills. The golf course, which has undergone a complete renovation, is located at 699 Lady of the Lake Blvd., in the Lewisville master-planned community of Castle Hills. The grand opening, which will be marked with a limited number of commemorative golf rounds, is Saturday, September 24, 2011. Formerly The Golf Club at Castle Hills, The Lakes at Castle Hills has been renamed as part of the new ownership by Bright Realty.
The September 24th grand opening festivities will showcase the club and course via various events that are open to the public. Golfers will have the opportunity to experience the new course via the purchase of a commemorative round of golf. A limited number of commemorative rounds are available and are expected to sell out. Each all-inclusive commemorative round includes a round of golf, all food and non-alcoholic beverages, a commemorative bag tag, $50 gift card to the pro shop plus a chance to win Par 3 and hole-in-one prizes. Following the rounds, players will enjoy a long drive exhibition with Nyle “Nyleator” Pruitt. Opening day festivities will conclude with a complimentary Hank Haney golf clinic at the practice range.
The focus of the grand opening is the golf course, and players will get the chance to experience first-hand the comprehensive renovation completed over the summer. The 18-hole, 7,152 yard course has reconfigured fairways with the addition of a number of lakes, fountains and streams. As part of the renovation, the Jay Morrish-designed course now features premium mini verde greens throughout the course—one of very few courses in the area with this superior surface—and Bermuda grass fairways and roughs. The course also features premier white crushed quartz bunker sands, used by the Colonial and Dallas Country Club.
“We are pleased to offer golfers an experience on this level,” said Chris Bright, Bright Realty CEO. “Our newly renovated course will offer an unmatched golf experience to both novice and experienced players. The overall club experience will also offer a level of personal service unmatched in the area.”
Coinciding with the extensive renovation, Hank Haney recently announced he has chosen The Lakes at Castle Hills as world headquarters of the Hank Haney Golf Schools and the site of a new Hank Haney Golf Academy. Haney brings to the course state-of-the-art instruction along with an award-winning teaching staff. It was also recently announced that The Lakes at Castle Hills will host the North Texas PGA’s 2012 Texas State Open.
Future planned improvements at The Lakes at Castle Hills include a redesigned club house and resort-style swimming and outdoor dining facilities. A fitness facility, tennis courts and upgraded locker and storage facilities will also be added. Casual and formal dining options feature menus from Star Certified Executive Chef Calbert McDonald, who has more than 20 years of experience and is classically trained in French cuisine. The Lakes at Castle Hills offers a wide range of meeting and special event packages and a full-service pro shop. The club is open for daily fee rounds and dining until it becomes a fully private country club. A variety of membership options are currently available.
“Castle Hills is the fastest-growing community in the DFW area and has always offered outstanding amenities. The Lakes at Castle Hills is yet another unmatched amenity we offer the community and the ultimate golfing experience,” adds Bright.
For information about The Lakes at Castle Hills and to purchase commemorative opening day golf rounds, visit www.TheLakesatCastleHills.com or call 972-889-7400 ext.224.
2011-09-06 Bright Realty Announced as New Title Sponsor of the Texas State Open
Bright Realty is pleased to announce its role as new title sponsor of the Texas State Open. The Bright Realty Texas State Open will be conducted at The Lakes at Castle Hills in Lewisville, Texas. The golf course (formerly The Golf Club at Castle Hills) has been renamed as part of the new ownership by Bright Realty, which will serve as sponsor of the Northern Texas PGA’s tournament for three years beginning August 2012.
"We are honored to host the 42nd Annual Texas State Open golf championship at The Lakes at Castle Hills and excited about many years of partnering this great Texas tradition with our great golf course," said Chris Bright, Bright Realty CEO. “We consider this another significant step forward in the rebirth of our classic North Texas golf course. The combination of some of Texas' finest golfers and one of its best new courses is a tremendous win for our community, golfers and fans.”
The Lakes at Castle Hills features a Jay Morrish-designed 18-hole championship course and is home to the world headquarters of the Hank Haney Golf Schools and the site of a new Hank Haney Golf Academy. The newly updated 7,152-yard course has undergone a complete renovation with reconfigured fairways and the addition of several lakes, fountains, premium grass and bunker sand. PGA professional Chris Martinez serves as general manager of the course.
“To see the future legends of Texas golf play on this greatly improved and renovated course at The Lakes at Castle Hills will be very exciting for local golf fans, our many outstanding Lone Star golfers and our great community here. With a past winners list including Ben Crenshaw, Lee Trevino and Jeff Maggert, we look forward to hosting the Texas State Open and seeing who emerges as champions over the next several years,” said Martinez.
"The Texas State Open has a long and storied history with many great champions and wonderful host sites. It is fitting that an event of this stature will be played at The Lakes at Castle Hills. Bright Realty is creating a world class golf experience and the Northern Texas PGA is very excited to be able to conduct the Bright Realty Texas State Open at the facility," said Mark Harrison, executive director of the Northern Texas PGA.
2011-08-12 The Lakes at Castle Hills Chosen as New Site for World Headquarters of Hank Haney Golf Schools
Lewisville, TX (August 15, 2011) – Renowned golf instructor Hank Haney has chosen The Lakes at Castle Hills as home and headquarters for the Hank Haney Golf Schools and the site of a new Hank Haney Golf Academy. The Lakes at Castle Hills is located at 699 Lady of the Lake Blvd., in the Lewisville master-planned community of Castle Hills. The course (formerly The Golf Club at Castle Hills) has been renamed as part of the new ownership by Bright Realty.
Hank Haney is considered a world leader in golf instruction. Haney has taught over 50,000 golf lessons in his career, his students have won every major championship and he has worked with hundreds of top-ranked pros and is most known for the six years he spent coaching Tiger Woods and the 25 years he spent coaching Masters and British Open champion Mark O'Meara.
“With the great support of Bright Realty in creating a truly world class golf facility, coupled with the latest golf teaching technologies, we have a chance to make learning golf a great experience here at The Lakes at Castle Hills,” says Haney. “We are proud to include The Lakes at Castle Hills Academy as one of our premier teaching and training centers in Texas,” adds Haney.
“It is an honor to have been chosen as the site for Haney’s internationally recognized Golf Academy and its Golf School world headquarters,” said Chris Bright, Bright Realty CEO. “The world class golf services offered by Haney’s associates will complement The Lakes at Castle Hills, a 7,152-yard championship course and club which is currently undergoing a complete upgrade and renovation with plans to re-open in September.”
The Hank Haney Golf Academy at The Lakes at Castle Hills will feature Haney’s elite instruction and his award-winning staff, as well as an outstanding practice facility:
Hank Haney Golf instruction is considered the finest in the world, based on the practical, experience and formal technical training of swing plane mechanics taught through the Hank Haney Certified method. Hank Haney Golf teaching methodologies at The Lakes at Castle Hills include a variety of personal and group lesson options, specialty seminars and workshops. The Academy features advanced state-of-the-art teaching and training technology including indoor swing lab offering Online Skills Coach video and motion analysis, Cool Clubs custom club fitting center and innovative studio devoted to the intricacies of putting.
The award-winning teaching staff at the Academy includes six full-time instructors led by Director of Instruction Peter Krause. Krause is a PGA National Teacher of the Year and a GOLF magazine Top 100 Teacher in America. He was awarded the Minnesota PGA Teacher of the Year six times and named Spalding Top-Flite National Teacher of the Year.
The Hank Haney Golf Academy at The Lakes at Castle Hills currently exceeds the standards of most golf practice facilities in Texas with enormous grass tees at either end of its 510-yard range and three full-length practice holes (a par-3, par-4 and par-5).
“Our partnership with Hank Haney speaks to Bright Realty’s commitment to the significant improvements underway at The Lakes at Castle Hills and the Academy,” says Bright. “Castle Hills is the fastest-growing community in the DFW area and has always offered outstanding amenities. The addition of The Hank Haney Golf Academy at The Lakes at Castle Hills is yet another unmatched amenity we offer the community,” adds Bright.
2011-07-18 Bright Realty’s “Cooper & the Castle Hills Gang” Crosses the Ocean with London Coverage
Dallas, TX (July 18, 2011) - Bright Realty’s “Cooper & the Castle Hills Gang” was recently featured in a special edition of London’s “Global Innovation Report,” a quarterly publication that highlights the latest emerging trends in retail and hospitality across the world. A feature titled “Broadcast Your Brand” touches on “the future of product placement” and “turning viewers into customers” while highlighting the ten top product placement projects around the world. “Cooper & the Castle Hills Gang” was among the ten, taking creative license and branded entertainment “a step further.”
2011-07-06 Bright Realty Successfully Leases Castle Hills Village Shops Phases I and II
Dallas, TX (July 1, 2011) - Bright Realty is pleased to announce that the Castle Hills Village Shops and Plaza Phases I and II are 90 percent leased. The leasing success of Phases I and II will be marked with the planned groundbreaking for Phase III, located within the same site.
Currently, the Village Shops includes more than 82,861 square feet of retail and office space in the heart of Lewisville’s master-planned Castle Hills community. Bright Realty successfully leased the space in spite of challenging economic conditions and a location that is relatively unknown outside of Castle Hills.
“The challenge with the Village Shops, which is situated in the middle of a community and not readily accessible from any major intersections, was to capture an audience outside the neighborhood, in addition to capturing those already there,” said Tim McNutt, director of commercial leasing. “The current economy added to that challenge.”
In order to meet the challenge, Bright Realty developed an extensive marketing plan that focused on the right use for the Castle Hills Village Shops, which built momentum in leasing activities and ultimately led to the lease-up. “That plan included a Residential Strategy Summary Report that gave us a residential insight for target use,” said McNutt. “We tackled visibility challenges with marketing incentives and took it to the streets. The marketing plan also included partnering with BCM, Bright Realty’s marketing arm, for weekly events in the Plaza to draw outside traffic. In addition to hosting a Saturday farmer’s market, the Village Shops and Plaza location serves as venue for concerts, game nights, and family-friendly activities.” The Village Shops now buzz with activity and tenants offering a wide variety of conveniences and dining options.
“The success in leasing this location shows that Bright Realty is up to any task,” added Elizabeth Ocando, commercial leasing and sales agent. “We are proud that our research, analysis, planning and solid expertise allow us to meet the needs of our clients.”
Phase I of the Village Shops opened in 2004, and Phase II opened in 2008. Groundbreaking on Phase III is planned for the coming year. Phase III is pre-leasing now, with approximately 20,000 square feet for retail and dining, including an expanded outdoor dining and entertainment area, fountains, beautiful landscaping and stone elevation. The second floor office space featuring approximately 25,000 square feet is successfully pre-leased. With the addition of Phase III, the Village Shops will total 128,000 square feet in office and retail space.
The Castle Hills Village Shops and Plaza is located at 2560 King Arthur Blvd. in the Castle Hills community, which is ranked as the fastest growing master-planned community in DFW. Village Shops tenants in the “walkable” community include That’s the Cake! Bakery, TRU Salon, Escape’ Coffee and Donuts, The Village Market, Twisted Spoon Café, Sushi Wa, Hill Brothers Cleaners, Celebrate it! Balloons & Gifts, Castle Hills Chiropractic, Edward Jones, Choice Nails, Crepe & Cream, Doors 4 Pets & People, Liberty Postal, Castle Hills Dental, Castle Hills Day Spa, Taekwondo America and The Enchanted Artist.
2011-06-20 Developer Casts Its Community in a Movie's Starring Role
It’s the ultimate product placement.
Castle Hills, a 2,500-acre mixed-use master-planned community in Lewisville, Texas, served as the set for a 51-minute family friendly film, “Cooper & The Castle Hills Gang,” which the community’s developer, Dallas-based Bright Realty, produced with an eye toward creating a unique marketing tool.
“Marketing is no longer about selling. It’s about engaging,” says Tracy Lucas, Bright’s director of marketing. Initially, Bright Realty intended to shoot a seven-minute infomercial, “and 10 years ago, that’s probably what we would have ended up with,” says Lucas. But the filmmakers hired to make that video, Ditore Mayo Entertainment, convinced the developer’s owner, Chris Bright, that something more ambitious might be more effective.
The film, which cost an estimated $500,000 to produce, according to The Internet Movie Database, debuted in April at the Dallas International Film Festival’s Family Day. It was then screened for 2,000 guests at the community’s Village Shops and Plaza. The movie is now available for free viewing online at www.castlehills.com.
Once it was posted online, Bright Realty saw a 40% increase in traffic to the Castle Hills website from the previous month and an 85% increase from the same month the year before. Lucas tells Builder that while the Internet traffic from the movie has receded a bit, Bright Realty thinks the DVD could have “a pretty indefinite shelf life.” It’s available in the sales offices of all the builders active at Castle Hills (including Bright’s home-building division, American Legend Homes). It’s showing on the flat-screen TVs in all of the community’s model homes. And it’s being distributed as collateral marketing material to third-party buyer leads, such as people relocating to Dallas.
This Fourth of July, the movie will be rescreened during the community’s three-day “Freedom Festival.” And Bright Realty has received a number of inquiries from companies about its marketing efforts, including GDR, a London-based trends consultancy specializing in retail and?hospitality. GDR produces a global innovation publication called Global Scanning, which focuses on forward-thinking concepts. It’s planning to run a feature on Bright Realty in a coming issue, according to Jamie Hawkes, a spokesperson for the developer.
The movie is a coming-of-age drama, set on the Fourth of July, about a precocious 11-year-old Cooper Callaghan, who lives in what he calls “the best neighborhood in the entire world.” The plot involves Cooper and his posse of friends helping an elderly, retired attorney, Jack Wilson (whose last name can’t help but evoke the irascible Mr. Wilson in the “Dennis the Menace” comic strip) find his wedding ring before Wilson’s wife returns home from a trip to Phoenix.
That mission sets the kids off on a journey through Castle Hills, with stops at several of its amenities—its pool, the golf club, trails, and gardens—to retrace Wilson’s steps of the previous few days. (The movie includes some creative animation to highlight the community’s commercial and retail components.) Along the way, the self-centered Cooper learns about the value of teamwork and community, and even how to get along with his annoying older sister Penny.
The ring is found, of course, with fireworks going off in the background. “Everybody got what they wanted or needed,” says Cooper. “Everybody got happy.”
These life lessons, though, are secondary to the movie’s real purpose: to show off Castle Hills, which when completed will have 3,324 homes whose selling prices start in the $200s and go up to more than $3 million in the community’s gated Enchanted Hill, which is prominently featured at a key juncture of the film.
2011-06-18 Bright Realty Sells 23,000 Sq. Ft. Building in Empire Central Submarket
Bright Realty’s REO Team successfully negotiated the sale of 1120 Empire Central Place, a 23,000 sq. ft. three-story office building located in the Empire Central submarket. The property sold to a private investment group that plans to re-tenant the asset. Bright Realty associates Kerry Assa and Tony Albanese negotiated the sale on behalf of SB&T Assets Corp. Bright Realty used its extensive contact database to market the project to more than 50,000 real estate professionals nationwide, resulting in several competing offers. After selecting the best offer, the sale closed in just 15 days.
2011-06-01 2011 Bright Realty Celebrity Golf Classic Raises $270,000 for North Texas Children
Dallas, TX (June 1, 2011) – Bright Realty, title sponsor of the 2011 Celebrity Golf Classic benefiting Big Brothers Big Sisters, is proud to announce this year’s golf tournament raised more than $175,000 for North Texas children. Along with an additional $95,000 raised at the tournament’s Party at the Palladium, the combined events raised more than $270,000, enough to take 540 children off the Big Brothers Big Sisters’ waiting list.
This is the third year that Bright Realty has served as title sponsor of the event that teams sports and media celebrities with participants for 18 holes of golf. The tournament hosted more than 230 golfers and celebrities including former Dallas Cowboys Patrick Crayton, Charles Haley, Everson Walls and many more. The Bright Realty Celebrity Golf Classic is annually rated as one of the Top 10 Charity Golf Events in the DFW Metroplex by the Dallas Business Journal.
“Big Brothers Big Sisters plays a major role in the lives of children, helping them make positive life choices that create confident, goal-oriented young people,” said Chris Bright. “Playing in the golf tournament is a great way to support this very important cause, and we are always pleased to partner with Big Brothers Big Sisters.”
2011-05-20 Lucas Patterson Joins Bright Realty
Bright Realty is pleased to welcome Lucas Patterson as Director of Retail Development. Patterson’s primary focus is the development of The Bridges at Castle Hills, a planned mixed-use project located in the Lewisville area. The Bridges at Castle Hills will offer major anchor locations, prime retail, office, dining and entertainment sites, as well as multi-family living. The 56-acre site is highly visible from State Highway 121 and easily accessible from the Plano, Carrollton, Frisco and Castle Hills areas.
Patterson will also focus on the existing Castle Hills Village Shops, located within the 2,500-acre master-planned Castle Hills community, currently with more than 2,000 single family homes. The Village Shops currently offers convenient dining, retail and office space for the “walkable” Castle Hills community and features expansive green space and water features. In addition, Patterson will assist in the growth of Bright Realty’s third party management leasing and asset disposition services.
Patterson brings with him an extensive network of contacts within the retail and real estate sectors. He is a graduate of the University of Texas with a bachelor of arts in English and an MBA with a concentration in real estate finance from the McCombs School of Business. Patterson is a licensed Texas real estate agent and has been working in commercial real estate for nine years. Patterson spent the last six-plus years with Lincoln Property Company and was successful in leasing more than 1.3 million sq. ft. of LPC's shopping center developments in the Austin area, as well as aiding the company with the acquisition, leasing, management and partial disposition of a third party portfolio in excess of 1 million sq. ft. in Central Texas.
“I am excited to be a part of the growing Bright Realty team,” said Patterson. “The Bridges at Castle Hills is an exciting project, a leisurely ‘urban village’ environment with entertainment, sprawling green spaces, retail and dining, as well as residence and office space, creating a great synergy for the far north Dallas area.”
Mr. Patterson, his wife, Ali, and their three children are excited about making Dallas their new home and joining the Bright Realty family.
2011-04-01 Castle Hills Recognized as "2011 Realtor’s Choice Community of the Year”
Bright Realty is excited to announce that Castle Hills was selected as the “2011 Realtor’s Choice Community of the Year” by the Home Builders Association (HBA) of Greater Dallas. The announcement was made at the HBA’s annual McSAM Awards on March 24, 2011. This is the second time that Castle Hills has won a McSAM “Community of the Year” award; the community was also recognized with the honor in 2007. The McSAMs were created in 1979 to recognize builders and developers who show “maximum creativity in sales and marketing.”
The prestigious “Realtor’s Choice Community of the Year” award was determined with the help of a market research firm – Market Research Answers, Inc. – to conduct a survey of real estate agents throughout the Dallas area via email. The contacts totaled nearly 30,000 unique email addresses and queried respondent’s feedback about their experience with a particular community on topics such as customer service, community lifestyle, overall satisfaction and, specifically, how likely Realtors would be to recommend a particular community to a friend or family member.
“Meticulous planning has gone into Castle Hills and we are proud to be recognized as ‘Community of Year’ not once, but twice,” said Chris Bright of Bright Realty. “Our goal was to create an ‘old-style’ neighborhood, one with a sense of belonging for neighbors and a place where people want to live. This award confirms that the things we are doing in Castle Hills to make it the area’s most desirable place to live resonate with the real estate community.”
Castle Hills is a 2,500 acre mixed-use golf course community located west of the Dallas North Tollway and Park Blvd., with easy access to Hwy. 121. It features unrivaled amenities, including a Jay Morrish-designed golf course, five community swimming and splash pools, 30-plus parks, sports fields, lakes, a hike-and-bike trail and exemplary-rated schools. At its center is the Village Shops and Plaza, a one-acre-plus site featuring tree-shaded walkways, gardens and numerous water features, a permanent stage and outdoor seating. The Village Shops and Plaza serves not only as a site for community retail, dining and office space, but a gathering place for developer-sponsored community events from free movie nights and farmers’ markets to live music performances and the annual Christmas tree lighting ceremony.
Homes in the community range in price from the $200s to more than $3 million and include custom luxury homes in the gated Enchanted Hill neighborhood as well as low-maintenance luxury homes in The Retreat and patio homes in The Reserve.
2011-03-31 Wall Street Journal- Dallas Developer Touts Project With Family Film
Chris Bright, scion of the Texas Bright dynasty built on oil and banking, has gone beyond snappy brochures and business cards to market the family’s 2,500-acre Castle Hills development near Dallas.
His Bright Realty this Saturday will unveil an atypical marketing tool for its project: a 60-minute, family-focused movie shot entirely in the neighborhoods, shopping centers and golf courses of Castle Hills. The film, produced by Ditore Mayo Entertainment, will debut Saturday at Dallas’ NorthPark Center mall as part of the Dallas International Film Festival. Thereafter, it will stream on the development’s website.
The movie, “Cooper & the Castle Hills Gang,” follows the quest of 11-year-old Cooper (played by Kyle Kirk), his three friends and the elderly Mr. Wilson (played by J.B. Edwards) as they canvass Castle Hills for a lost wedding ring. The film, featuring experienced but not well-known actors, focuses on its story rather than lingering on obvious marketing shots. One of its few hiccups comes when Cooper uses the term “mixed use urban center” in casual conversation.
Mr. Bright, 58, said he foresees the film helping his Bright Realty to market Castle Hills’ commercial parcels. The community, which the family started developing in 1997, has 2,500 homes built, with another 600 planned. One third of its potential 1 million square feet of shops is built. An office-and-residential complex of more than 2 million square feet is in the planning.
The film cost less than $1 million for the Bright family to produce. “It’s a way of letting the community tell a little bit about itself through the residents and showing the community as a backdrop and not the focus,” Mr. Bright said. The Bright family otherwise is known for Mr. Bright’s father, H.R. “Bum” Bright, owning the Dallas Cowboys from 1984 until selling the team to current owner Jerry Jones in 1989. Castle Hills is in Denton County north of Dallas and near Lewisville, Texas.
2011-03-09 Bright Realty Celebrity Golf Classic
The 44th Annual Bright Realty Celebrity Golf Classic benefiting Big Brothers Big Sisters is just around the corner - sign up your team today to ensure your spot in the best charity golf event in the Metroplex!
Annually rated as one of the Top 10 Charity Golf Events in the DFW Metroplex by the Dallas Business Journal, this event features an outstanding golf venue, unsurpassed celebrity interaction as well as the best post-party in town.
The celebrity host for the golf tournaments as well as the Party at the Palladium will be none other than San Diego Chargers' wide receiver Patrick Crayton. He was a originally drafted in the seventh round (216th overall) of the 2004 NFL Draft by the Dallas Cowboys. He played college football at Northwestern Oklahoma State. Currently, Patrick is splitting his time between California and Texas. He has a great heart for Big Brothers Big Sisters and is happy to be a part of these events.
Tee gifts this year will include custom fit sunglasses, embroidered golf shirt and pullover jacket, replay certificate for Las Colinas Country Club, two tickets to the "Party at the Palladium" and much more.
Online registration is open, please click on the Purchase Team Reservations link below to register.
2011-02-24 Bright Realty Debuts “Cooper & the Castle Hills Gang” at 2011 DALLAS International Film Festival
February 23, 2011 (Dallas, TX) - Bright Realty is excited to announce its participation as presenting sponsor of the DALLAS International Film Festival’s (DIFF) Family Day. The world premiere of “Cooper & the Castle Hills Gang,” a 60-minute family-friendly movie shot entirely on location in the north Dallas community of Castle Hills, will be screened for audiences as part of Family Day events taking place Saturday, April 2, 2011, at NorthPark Center in Dallas. DALLAS DIFF Family Day events begin in the Center at 11 a.m. and the movie will be screened FREE to the public at 2:00 p.m. at AMC NorthPark 15. The DALLAS International Film Festival presented by Cadillac is one of the fastest growing film festivals in the world and has gained the reputation as the “Filmmaker’s Festival” for its dedication to the art.
“We are thrilled that the world premiere of ‘Cooper & the Castle Hills Gang’ will be a showpiece of DALLAS International Film Festival’s Family Day,” said Artistic Director, James Faust. “This day is such an integral part of our 11-day Festival and families flock to enjoy the events. I just know that this fun, energetic film will be a huge hit.”
Audiences of all ages will enjoy “Cooper & the Castle Hills Gang,” an action-packed, family-friendly story that takes lead character Cooper on a quest to help Castle Hills’ favorite grandpa, Mr. Wilson, find something he has lost. The movie gives the developer, Bright Realty, an opportunity to showcase every aspect of the master-planned community. The movie follows Cooper all over Castle Hills in his quest, through its 30-plus parks, hike-and-bike trails, fishing lakes, sports fields and outdoor plazas. Cooper eventually outsmarts his older temperamental sister, Penny, and (spoiler alert!) ultimately overcomes his own pride to save the day.
Developer Chris Bright, of Bright Realty, sees the movie’s purpose as two-fold. He hopes to use the film to position Bright Realty as the foremost developer of master-planned communities and mixed-use developments. While the film is certainly a unique marketing strategy, it is also a way to showcase a project that is close to his heart. “Castle Hills was originally our family farm and holds childhood memories for the entire Bright family. Everyone loves movies, so what better way to engage the community than through the making of the movie – more than 10 percent of the community’s 9,000-plus residents participated as extras,” said Bright. “With ‘Cooper & the Castle Hills Gang,’ we’re not just making a movie, we are documenting great memories for years to come.”
In addition to “Cooper & the Castle Hills Gang,” DIFF’s Family Day event will feature several family friendly movies, activities, performances, arts and crafts and much more. To reserve free tickets to DIFF’s screening of “Cooper & the Castle Hills Gang” and for more information about Family Day, visit dallasfilm.org. The box office opens on March 17, 2011.
Following its DIFF world premiere, “Cooper & the Castle Hills Gang” will be featured at a free outdoor community screening event in Castle Hills and available on the internet. Visit www.CastleHills.com for screening information. “Cooper & the Castle Hills Gang,” a Bright Realty project to showcase the Castle Hills Community, was directed and produced by Ditore Mayo Entertainment. The production was managed Bright & Co. Marketing, Bright Realty’s sister company specializing in real estate marketing.
2011-02-22 Judges select Best Real Estate Deals finalists | Dallas Business Journal
A panel of North Texas real estate insiders has selected more than 40 projects as finalists in the Dallas Business Journal's 2010 Best Real Estate Deals. The finalists were selected from more than 150 nominations. Judges considered a range of factors, including the project’s impact on North Texas! Winners will be announced soon. Read more by clicking the link below!
Bright Realty is pleased to announce that it has been awarded the leasing assignment for the 35,818 sq. ft. Braewood Shopping Center in the heart of Coppell. New tenants can join United Community Bank and Daddy Jack’s restaurant just south of Sandy Lake Blvd. on Denton Tap Rd. Spaces from 1,200 sq. ft. and up are available for immediate occupancy in this high growth area.
Bright Realty commercial leasing agent Tony Albanese handled the Braewood transaction and said, “Bright Realty is excited to expand our relationship with Eagle Equity as we take over the leasing assignment for Braewood Shopping Center. This is Bright Realty’s second assignment for Eagle Equity and we look forward to continuing our relationship.”
Bright Realty also signed American Way Plaza, located near Southwest Center Mall. The highly visible American Way Plaza offers 15,000 sq. ft. near Highway 67 and Interstate 20, making the location ideal for companies needing quick highway access. Bright’s commercial leasing agent Kerry Assa brokered the American Way Plaza transaction.
2011-01-06 Cooper & The Castle Hills Gang
Castle Hills/Bright Realty is making a movie!
Filming has wrapped and production is underway!
Watch for more!
2017-10-11 Visit the Bright Realty Team at November’s ICSC Deal Making Event The Bright Realty team is returning to the International Council of Shopping Centers (ICSC) Texas Conference and Deal Making event in Dallas November 8 through 10. Click here to read more
2017-10-10 Bright Realty Completes Sale of Castle Hills Commons Bright Realty has completed the sale of its Castle Hills Commons retail site. Click here to read more
2017-09-28 Bright Realty Breaks Ground on New Burleson Shopping Center Bright Realty broke ground on a 6,600-square-foot Burleson shopping center on September 7th. Click here to read more
2017-09-05 Bright Realty Returns as City of Lewisville Western Days Sponsor Bright Realty’s Castle Hills is returning as sponsor of the City of Lewisville’s popular Western Days. Click here to read more
2017-09-04 Bright Realty is Front and Center at Forum on 121 Corridor Growth More than 400 real estate professionals attended the August 8th “121 Corridor Development Update: The Boom Continues,” sponsored by Bisnow. Click here to read more