A Dallas condominium developer is moving to a mixed-use facility on Lake Ray Hubbard for his next project.
Zale Properties is building the 394-unit rental community as part of the $ 1 billion Sapphire Bay project on Interstate 30 and Dalrock Road in Rowlett.
Sapphire Bay – formerly known as Bayside – is a 116-acre property with a 7-acre man-made lagoon.
The project, which has been in the works for more than five years, is being built by Sapphire Bay Land Development LLC and the City of Rowlett.
Earlier this year, the developers announced plans for a Hyatt resort with more than 500 hotel rooms and conference facilities in a complex on the lake.
Zale Properties’ View at Sapphire Bay rental community is being built on I-30 and Dalrock Road.
“This would be our second apartment building in Rowlett, but our first in Sapphire Bay,” said Mark Zale. “We hope that in the next month or two we can break the ground with the View at Sapphire Bay.”
The five-story apartment project was designed by JHP Architecture and will open in 2024, according to planning documents submitted to the state.
Zale Properties has a track record of developing rental communities in North Texas.
“Our first Rowlett project was Rowlett Station Apartments, which were completed in November – a 302-unit apartment project near the DART station in downtown Rowlett,” said Zale.
The Sapphire Bay Resort is scheduled to open in 2023 and will be a “Special Event Island” in the Sapphire Bay Lagoon.
The Sapphire Bay project is being developed on land that Rowlett purchased from the City of Dallas in 2015. Since then, Rowlett has been working with developers to transform the former park lot into a large, mixed-use project.
In addition to the lagoon and resort, Sapphire Bay is also said to include high-rise apartments, luxury homes, offices and retail space.
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https://www.dallasnews.com/business/real-estate/2021/12/13/apartment-community-in-the-works-at-rowletts-sapphire-bay-development/
