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Friday, March 1, 2024

Western Securities Plans Combined-Use Undertaking in Denton County

A transformative improvement is on the horizon in Northlake, including to the swell of actual property exercise in Denton County. 

Canada-based Western Securities is spearheading Chadwick Farms, a 60-acre mixed-use undertaking slated for as much as 900 flats, 60,000 sq. ft of retail, restaurant and leisure house and a lodge, the Dallas Morning Information reported. 

Retail Avenue Advisors will deal with leasing for the retail element, which is ready to incorporate a 35,000-square-foot buying middle referred to as Chadwick Commons, in response to Western Securities’ web site.

Chadwick Farms, positioned east of Interstate 35 close to Texas Motor Speedway, is close to a deliberate Dallas Stars youth sports activities facility. Northlake residents permitted a $45 million bond in November to fund that improvement.

Northlake anticipates that the sports activities complicated will catalyze its financial improvement plan, which identifies sports-oriented tourism as a development driver. 

The development timeline for Chadwick Farms is considerably synchronized with the sports activities complicated, the outlet mentioned. The primary part will give attention to the multifamily portion.

The Star’s facility is a part of the NHL squad’s purpose to develop its affect past the ice, as it really works to create varied youth sports activities alternatives throughout Dallas-Fort Price. 

The multisport facility, projected to have over 1.3 million guests yearly, will characteristic NHL-level ice rinks, basketball and volleyball courts, pickleball courts, a well being clinic and eating choices. It’s anticipated to open by the tip of subsequent yr. 

Denton County’s regular inhabitants development has attracted a flock of builders. Irving-based Realty Capital Residential is on the helm of a 20-acre mixed-use undertaking, referred to as Parkway District, southeast of Denton. It should comprise flats, 22,000 sq. ft of retail and restaurant house, 16 townhomes and a lodge.

Individually, Dallas-based Technology Housing Improvement is plotting a three-building, $33 million multifamily complicated within the space.

—Quinn Donoghue 

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