**Realty Capital to Break Ground on Lake Granbury Mixed-Use Development**
A 47-acre mixed-use development is set to rise next to Lake Granbury, located southwest of Fort Worth. The project, named LakeView Landing, will feature a diverse mix of offerings including a hotel, restaurants, apartments, townhomes, and a large public park.
Realty Capital, the developer behind the project, anticipates beginning construction soon after having worked on the plans since 2019. The development will include 288 multifamily apartments as well as 200 housing units designated for adults aged 55 and older.
Amenities at LakeView Landing are designed to promote an active lifestyle and community engagement. Features will include a putting green, pickleball courts, and designated golf cart parking. A SpringHill Suites by Marriott will serve as the on-site hotel, as part of a franchise agreement. Ashton Agency will serve as the real estate broker for the project.
Construction costs are estimated at approximately $28 million, with the build-out expected to take between 12 to 14 months. Financing for the project is being provided through a construction loan from Texas Bank and Trust. Additionally, the City of Granbury is supporting the development by establishing a public improvement district and issuing bonds to cover infrastructure investments.
The LakeView Landing project is poised to bring new residential, hospitality, and recreational opportunities to the Granbury area, further enhancing the region’s appeal as a lakeside destination.
