DALLAS–SWBC Real Estate has purchased 11 acreswithin the master-planned, mixed-use RiverWalk at CentralPark in Flower Mound, TX. The locally-based company plansto build a 357-unit class A multi-family building on the property.Ground is scheduled to break in July.

"Only one multi-family property has been built in the past 12years in Flower Mound," says Stuart Smith, seniorvice president with SWBC Real Estate. "With its location in theheart of the Dallas/Fort Worth Metroplex and easy access to majorthoroughfares, Riverwalk Village will attract tenants looking forfirst-class amenities in close proximity to numerous retailers,restaurants, and entertainment venues that are being built in TheRiver Walk at Central Park community."

Riverwalk Village will be composed of 12streetscape apartment buildings. Units will average 857 square feetand range from one-, two- and three-bedroom spaces. Interioramenities include nine-foot ceilings, walk-in closets and storage,crown molding in formal living areas, stainless steel appliances,and granite countertops.