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Dallas to Receive Bulk of New Multifamily Supply

The newest phase of a 324-acre mixed-use project, The Realm at Castle Hills, features 80 condominiums that will begin pre-selling this month in an effort to plug the housing void in the DFW metro area.

Realm at Castle Hills The Realm at Castle Hills will include office, dining, retail, entertainment and multifamily developments.

LEWISVILLE, TX—There are a few townhome options in the area but the condominium market is lacking in much of a variety for those who want to downsize, live near employment or have a low-maintenance lifestyle. And the velocity of the job market continues at an dizzying pace, especially for those who need housing yesterday.

“The DFW area continues to be a draw for job seekers and corporations. It’s home to more than 100,000 businesses and 1,500 corporate headquarters, ranking fourth in Fortune 500 corporate headquarters,” says Chris Bright, CEO of Bright Realty. “The ‘platinum corridor’ has played a huge part in the area’s growth with corporate relocations and its proximity to DFW International Airport. The community needs housing at varying price points and lifestyle products to support people moving into the area, as well as those moving within the area as their lifestyle needs or preferences change.”

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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