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Hines breaks ground on Lakeside Resort & Residences

Hines, the international real estate firm, broke ground on Lakeside Resort & Residences, Flower Mound's first luxury high-rise residential and resort property. Located on Lake Grapevine within the Dallas - Fort Worth Metroplex, the 18-story tower will offer convenient access and four-star hotel amenities, combined with premier quality and dramatic lakeside views for all residential units. The development is located only six minutes by car from the DFW International Airport.

Designed by Dallas-based architecture firms Three Architecture and BOKA Powell, Lakeside Resort & Residences will contain 64 units with a mix of one, two and three-bedroom luxury condominiums, ranging from 1,160 to 2,400 square feet.

The tower homes will sit atop a 289-room four-star hotel and conference center featuring a luxury day spa, two waterview restaurants, a lazy river, and an outdoor pool and event space. The hotel will be well-positioned in the DFW conference market, offering 25,000 square feet of high-end meeting space. The resort hotel will be operated by Benchmark Hospitality International.

Construction is scheduled for completion in the fall of 2008. Hines expects to offer pre-construction pricing from under $400,000 to approximately $1 million, excluding penthouses.



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