Bright Realty Breaks Ground on Crown Centre II
The expansion is positive step in the further development of the Castle Hills Community
Bright Realty held their groundbreaking on April 20 for Crown Centre II. The project is part of Bright Realty’s long-term plan to invest in the City of Lewisville and continue to elevate the region’s economic development efforts. The $50M investment brings a four-story, 147,000-square-foot Class A Value office building with construction taking place right off Sam Rayburn Tollway.
“This expansion is a positive step in furthering the development of the Castle Hills Community,” said Britton Lankford, Senior Vice President for Bright Realty. “This is one of many recent investments aimed at growing the company’s premium portfolio and transforming the company’s offerings to meet market demand in Denton County.”
Crown Centre II is primarily funded by Bank7, an Oklahoma banking corporation and Sterling Private Capital, LLC. As the second office building in the development, Crown Centre II will neighbor Crown Centre I, which was delivered in 2020 and is currently 89% leased. Upon completion, the Crown Centre development will include up to 2,000 multi-family units, 3 million square feet of office space and up to five hundred hotel rooms. It will also have three open spaces with lakes and trails that connect its thirty-five buildings, outdoor event space and 140,000 square feet of other non-residential commercial uses including retail and open green space.
“We are beyond fortunate to have the Bright Family’s team of sophisticated developers as clients and are humbled they selected Rudick as their trusted build partner for this significant investment in the City of Lewisville, Denton County and greater DFW region” shares Clay Rudick, CEO of Rudick Construction Group. “We understand the substantial impact this project will have for the people who live, work, and play here. It is a responsibility everyone on my team takes very seriously. We will be good neighbors to everyone in the surrounding areas throughout the construction process.”
The land encompassing Crown Centre is the last remaining undeveloped land in the Castle Hills community. Castle Hills has grown to include more than 4,500 single family homes, six multi-family communities with more than 2,000 apartments and townhomes, condominium developments, a rental home community as well as hundreds of thousands of square feet in office, retail, and entertainment space.
About Bright Realty
Founded in the 1950s by the late H.R. "Bum" Bright, Bright Realty is the full-service commercial and residential real estate arm of parent company Bright Industries. Led by a family legacy of integrity and dedication, the Bright Realty team acts as developer, owner, and operator of its residential and commercial developments. Best known for the highly successful 2,900-acre, master-planned residential community, Castle Hills, in Lewisville, Texas, Bright Realty also specializes in mixed-use, office, retail and multi-family development and brokerage. www.BrightRealty.com.
About Rudick Construction Group
Rudick Construction Group, headquartered in Dallas, Texas, serves customers across various industries; Automotive, Aviation, Industrial Facilities, Food & Beverage, Healthcare, Education, Manufacturing, Multifamily, Corporate Office, and Institutional organizations. With more than 40 years’ experience in the Commercial Construction industry, Rudick provides its customers with a reliable, stable, low-risk builder capable of the timely execution of renovation and greenfield projects of broad scale and scope to the utmost satisfaction of all parties, staying true to its core principles of Quality Always, People, Partnerships, Projects. www.rudickgroup.com