Creating a suburban community that will stand the test of time, while also delivering a necessary layer of convenience to attain the ideal work-life balance, doesn’t happen overnight.
Just outside of the hustle and bustle of the Dallas-Fort Worth metroplex, the Town of Flower Mound, recently ranked the No. 3 best place to live in America by U.S. News & World Report, is cultivating mixed-use hubs that are connecting residents to an unmatched quality of life in North Texas.
The introduction of an international airport in DFW, positioned less than 10 miles from the town, inspired Peter P. Stewart to create a destination along Grapevine Lake for visitors to unwind. He purchased 106 acres in Flower Mound in the early 1970s in hopes of bringing Lakeside Village to life. As of 2025 over 1,720 residences, 168,000 sq. ft. of retail space and 165,000 sq. ft. of office space cover a greater 150 acres.
Realty Capital entered as Lakeside’s master developer in 2014. Realty Capital Managing Director Jimmy Archie says the project has exceeded expectations in terms of how well received it has been by the community. The mix of retail, dining, entertainment venues, over 20 miles of public trails, lake access and walkability created an economic engine the town had yet to experience.
“We often refer to the community as ‘A Place People Love’ because those that live there are so passionate about their lifestyle in ways that a lot of residential communities aren’t,” he says. “The broader community recognizes the positive economic impact Lakeside has on the greater Flower Mound community. As a physical gateway to its southern entrance, the community has embraced the project as a landmark project in the town.”
His team has welcomed Lakeside Tower, Thirty-One Eleven Sunset and Lakeside Terraces to Lakeside Village to date, serving growing resident demand. With this momentum, Archie says the site is set to attract new hotel and office buildings, delivering significant ad valorem and hotel occupancy tax revenue to the town, not to mention increased sales tax revenue for local shops and restaurants.
Along the lake’s shoreline, the 7-acre Sunset District is the latest aspect of Lakeside Village, scheduled to roll out by 2030. Plans include an outdoor amphitheater complemented by new restaurants, a wedding chapel, an underground parking garage, a 16-story multi-family building and a new 12-story luxury hotel from Marriott dubbed Hotel Miramar.
“Lakeside Village is already well-known locally, but we expect this final phase will provide the only luxury lakefront mixed-use community within the bubble of Dallas-Fort Worth,” says Archie. “We expect Lakeside will become a major attraction for Flower Mound, drawing visitors into the town from all around the metroplex, state and even the country to experience a place that is truly one of a kind in that it joins nature so well with a walkable, dense mixed-use community.”
Furst Ranch
While Lakeside flourishes to the town’s east, a new opportunity is rising to the west.
Along Flower Mound’s western gateway, a 2,300-acre property that for three decades served as a world-class cutting-horse operation is reimagining its purpose as a master-planned community.
The Furst family’s working ranch was a long-standing pillar of the community, hosting local churches, scouts, veteran groups, weddings, film and TV productions and the Liberty Christian School, located at the property’s north end. Property owner Jack Furst, who is also the founder of Oak Stream Investors, says sharing this land with the community has been an unwavering family tradition. Given the region’s growth and the ranch’s location, the decision to transition the property was a natural next step.
“With a stewardship mindset, we asked what use of the land would best serve our community for decades to come while intentionally honoring its prairie character and open spaces,” says Furst. “Rather than piecemeal development, we chose a comprehensive mixed-use plan that integrates parks, trails, open space, homes, schools, corporate employment centers, healthcare, retail, restaurants and entertainment in a coordinated way.”
His team conducted a national benchmarking tour to experience some of the best mixed-use and exurban communities first-hand, including Denver’s Belmar district; Serenbe outside of Atlanta; Daniel Island in Charleston; and Seaside in Florida. These developments exemplified integration of nature, trails and civic life within their growing regions. The tour’s main takeaways focused on connected open space, walkable neighborhoods and thoughtful mixed-use planning.
A portion of the Furst family’s 2,300-acre ranch will soon become a vibrant mixed-use community centered in nature.
Photo courtesy of Furst Ranch
Furst Ranch’s design kept in tune with its landscape, centering Liberty Lake at the heart of the community while minding the site’s contours, viewsheds and natural open space. Once complete, nearly 475 acres of the property will be dedicated to a multitude of interconnected trails, a 97-acre park, 20 acres for a Community Activities Center and various open spaces to unwind.
Unlike traditional business parks, the mixed-use districts for homes, offices, retail, healthcare and hospitality will be connected by this green framework, providing a seamless live-work-play environment. The multi-decade rollout of Furst Ranch has begun with infrastructure and initial residential development, with commercial districts, corporate campuses and institutional uses set to follow.
“Architecturally and experientially, we’re aiming for ‘modern living on the prairie with rustic charm,’ creating a destination that feels authentically Texan while delivering contemporary amenities and walkable, connected neighborhoods,” states Furst.
High Plains, the first of three neighborhoods to open, anchors the property’s north end with prime proximity to Liberty Christian School and a future elementary and middle school served by the Argyle Independent School District. Grocery retailer H-E-B has already acquired the site to build a store in a shopping district adjacent to incoming corporate campuses. For potential employers, it’ll be an undeniable pull to the region.
For Flower Mound, Furst Ranch and Lakeside Village set a new standard for life in North Texas.
“We are beginning to witness evidence that the long-held vision for Furst Ranch is becoming reality. The history of 22 dogs, 150 horses and more cattle than we could count is part of the story,” says Furst. “It’s rewarding to translate that heritage into a new chapter where families, friends and colleagues can build memories in a setting rooted in the land.”
This Investment Profile was prepared under the auspices of the Town of Flower Mound. For more information, visit flowermound.gov.
