24 Jan Lewisville joins race for Amazon
Lewisville is jumping into the race to land the huge Amazon corporate campus.
The Denton County suburb has teamed up with developer Bright Realty to pitch a 135-acre commercial development site in the Castle Hills development on Sam Rayburn Tollway.
Bright has spent more than a year preparing the vacant tract for a large-scale corporate campus project.
"It was always part of our development plan for it to be an office park," said Bright’s Eric Stanley. "We threw our hat in the ring for Amazon with the city of Lewisville."
The Lewisville property is one of more than a dozen North Texas locations that economic development groups and commercial builders are promoting as a potential site for Seattle-based Amazon’s planned second headquarters complex. The $5 billion project is expected to include more than 5 million square feet and eventually house up to 50,000 workers.
"We currently have construction on a significant lake and a water feature on the way on the property," Stanley said. "We have our first 240,000-square-foot office building that is shovel-ready. This 135 acres is planned where it could be 3 million-plus square feet of construction."
The 20-year-old Castle Hills development, 2,600 acres in Lewisville and Carrollton, is one of North Texas’ most successful new communities.
"When we are done, we are approaching 5,000 houses," Stanley said. "We’ll have around 7,000 apartment units.
"Ultimately, the retail component in Castle Hills is 2 million square feet. What we have in Castle Hills is a diverse demographic that continues to grow more diverse with the addition of multifamily housing."
Homes in Castle Hills start at more than $300,000 and range to over $1.5 million.
More than 12,000 people now live in the community, which is about 12 miles from DFW International Airport and four miles from the $3 billion Legacy West development in Plano.
Developers from all over North Texas have responded to Amazon’s request for potential headquarters sites, pitching locations stretching from downtown Dallas to the suburbs including Denton, Frisco, Richardson and North Fort Worth.
The giant digital retailer has asked to have potential locations submitted by Oct. 19.