Overview
Colliers Dallas Multifamily Advisors has been retained by Anthem Development as exclusive agent to arrange the development capitalization for Anthem Village, a proposed 256-unit, $51 million luxury multifamily community in Lewisville, Texas. Anthem Village will consist of four 4-story, elevator serviced buildings with surface parking. Site plan and civil schematics are completed and have been approved by the city. Permit plans are in progress. Anthem Commercial Construction, a subsidiary of Anthem Development, self-executes as a general contractor and is prepared to sign a GMP contract.
Investment Highlights
Anthem Village is located within the southwest quadrant of Justin Rd. and the highly trafficked I-35E (131,000 VPD) in Lewisville, Texas. Lewisville offers residents a central location to leading employment centers, excellent quality of life and an exceptional school system. Anthem Village will offer residents direct access to a host of surrounding amenities and activities, including: Lake Lewisville, Old Town Lewisville and Lake Park Athletic Fields and Golf Course. Furthermore, residents will be strategically positioned for easy commute times to the top employment centers in the metroplex. In addition to surrounding amenities, residents will be able to easily reach (Via I-35E and SH-121) the largest developments in North Texas, including: The Star, Legacy West, Grandscape at the Colony and the new PGA Headquarters in Frisco.
Colliers is seeking an investor to contribute the majority of the equity portion of the overall capitalization of the development. The equity investor would receive an ownership interest in the property and a preferential return of and on their capital. The developer’s business plan calls for construction commencement in January 2025, initial occupancy in June 2026, and the sale of the project after occupancy stabilization is achieved in January 2028.
