**Realty Capital Moves Forward with LakeView Landing Development Near Lake Granbury**
A 47-acre mixed-use development is set to rise next to Lake Granbury, southwest of Fort Worth. Named LakeView Landing, the new community will include a hotel, restaurants, apartments, townhomes, and a large central park. The project has been in the planning stages since 2019 and is now preparing for construction.
According to the Dallas Business Journal, the development will consist of 288 apartments and an additional 200 residential units designated for residents aged 55 and older.
LakeView Landing’s planned amenities are geared toward leisure and active lifestyles, featuring a putting green, golf cart parking, and pickleball courts. A SpringHill Suites hotel is also part of the project, under a franchise agreement with Marriott. Ashton Agency will serve as the real estate broker for the development.
Construction is estimated to cost approximately $28 million, with a projected timeline of 12 to 14 months.
Realty Capital is financing the project with a construction loan provided by Texas Bank and Trust. The City of Granbury is supporting the initiative with the creation of a public improvement district and will issue bonds to help cover infrastructure expenses.
