(To read more on the multifamily market, click here.)
LEWISVILLE, TX-Mockingbird Properties will break ground in early 2007 on a 264-unit, "eco-friendly" multifamily development at Lake Lewisville. The 13-building complex will cost about $18 million to bring out of the ground.
Tentatively dubbed "Lakeside at 121," the rental project has been designed with California-style overhanging roofs, Xeriscaping and re-circulating ponds to make it as environmentally wise as possible, according to Mitchell Vexler, president of the Dallas-based Mockingbird Properties. "This really is going to be our prototype for the future," he tells GlobeSt.com about a 12-acre development that's less than a five-minute walk from one of North Texas' largest lakes.
The eco-friendly development, designed in house, "is the right thing to do," Vexler says. "It's reasonably feasible and it's right to do."
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