SWBC Real Estate Begins Construction on Second Phase of The Royalton at Craig Ranch™
SAN ANTONIO/DALLAS, TX (September 17, 2019) – SWBC Real Estate, LLC, has started construction on the second phase of its newest multi-family development project, The Royalton at Craig Ranch™, in McKinney, Texas.
“We are excited to get started on the second phase of this two-phase development plan,” said Stuart Smith, Senior Vice President of SWBC Real Estate. “Our first property, Central Park at Craig Ranch, is finalizing its initial lease-up and is already 92% leased. The second phase, The Royalton at Craig Ranch, will be very similar to the Central Park property, as both properties will consists of 271 units, as well as a four-story parking garage. The properties will be located next to each other between Collin David S Drive and Van Tuyl Parkway.”
The second phase will consist of one-bedroom, two-bedroom, and three-bedroom units. Residents will enjoy an upscale clubhouse with a community business center, an attached parking garage, 24-hour fitness center, a resort-style pool and spa with sunning decks and WiFi, outdoor gathering areas, grills, and other community amenities. The units will consist of 10-foot ceilings, granite countertops, stainless steel appliances, and washer/dryer hook-ups. In addition to the amenities developed specifically for the complex, the tenants at Central Park at Craig Ranch can take advantage of the surrounding amenities such as the Craig Ranch Fitness & Spa, The Ballfields at Craig Ranch, Michael Johnson Performance Center, the TPC Craig Ranch golf course, a community dog park, and 350 acres of green space consisting of hiking and biking trails.
“An abundance of new developments are currently under construction in and around Craig Ranch, so we feel the timing of the second phase should work well with the continued growth in the McKinney area,” said Smith.
The architect for the project is locally based Cross Architects, and the engineering firm is Stantec. The general contractor for the project will be SWBC Builders, LLC. The proposed total construction time from start to finish is 22 months, with the first units planned to be available in March of 2021.
SWBC Real Estate is currently developing 1,500 multi-family units throughout Texas. Additionally, SWBC Real Estate has been actively acquiring value-add apartment properties in the state.
About SWBC Real Estate
SWBC Real Estate, LLC is owned by SWBC Enterprises, Ltd. SWBC Real Estate is managed by an experienced team of real estate professionals located in Dallas, Texas, with a primary focus in multi-family development. SWBC Enterprises, Ltd. is owned by Charlie Amato and Gary Dudley, co-founders of SWBC. As a diversified financial services company, SWBC provides financial institutions, businesses, and individuals a wide range of insurance, mortgages, wealth management, employee benefits, and more. Headquartered in San Antonio, Texas, SWBC has partners and divisions across all 50 states and manages business around the world. No matter how wide its reach, SWBC always listens to its customers’ needs, analyzes their current situations, and recommends customized solutions. For more information about our innovative approach to personalized service, visit SWBC’s website at swbc.com.