SWBC Real Estate Opens 295 Unit Multi-Family Property in Rockwall
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SAN ANTONIO/DALLAS (October 21, 2020) – SWBC Real Estate, LLC, announced that it recently opened its newest property located in Rockwall, Texas, known as The Royalton at Rockwall Downes™ – a new 295-unit Class A multi-family community. The Royalton is located within Rockwall’s Technology Business Park, about a quarter of a mile south of Interstate 30 at John King Boulevard.
The Royalton at Rockwall Downes is in the first phase of a two-phase development. Upon completion of the second phase, the two properties will contain 590 new multi-family units. Each phase consists of 295 rental units, comprised of two- and three-story apartment buildings, constructed of stucco and brick veneer exteriors. The average unit size for Phase I is 1,006 square feet with one-bedroom, two-bedroom, and three-bedroom units. Stylish interior features include nine-foot ceilings, hardwood-style floors, a stainless steel designer appliance package, walk-in showers, and granite countertops in the kitchens and bathrooms. Tenants will enjoy a modern Farmhouse-style clubhouse with a resort-style pool and spa, an indoor/outdoor game room overlooking the pool area, state-of-the-art fitness center and spin studio, a dog-wash saloon, private yards, carports, direct access or detached garages, and water features throughout the property.
“We are excited to announce the opening of our newest property in Rockwall, Texas. Rockwall is a high-end suburb on the east side of Dallas, which traditionally has not allowed a large number of apartments to be built; therefore, we are pleased to provide a new option for residents in the area to live in a high-end rental community with first-class tenant amenities,” says Stuart P. Smith, Senior Vice President of SWBC Real Estate. “Additionally, as a result of the Coronavirus pandemic, the new trend is that people are moving out to the suburbs, so our timing should be good in regards to offering a nice, new, clean community to those wanting to live in Rockwall.”
The clubhouse and first units were recently completed, and SWBC Real Estate anticipates the construction of the first phase to be finished by March of 2021, with the construction of Phase II commencing shortly thereafter. The architect for the project is Plano-based Cross Architects, and the engineering firm is G&A Consultants from Lewisville, Texas.
In addition to the Rockwall properties, SWBC Real Estate is currently developing several other multi-family projects throughout Texas. The Royalton at Grand Prairie™, a 300-unit development is under construction at the intersection of Interstate 20 and the George Bush Tollway in south Grand Prairie and is scheduled to open March 2021. The Royalton at Sunfield™, a 300-unit Class A property in Buda (south Austin) is under construction and is expected to open in April 2021. The Royalton at Craig Ranch™, a 271-unit Class A multi-family property in McKinney, is underway and has an anticipated opening of May of 2021. Additionally, The Royalton at Kingwood™, a 331-unit project in northeast Houston recently opened and construction will be completed later this month.
About SWBC Real Estate
SWBC Real Estate, LLC (swbc.com/real-estate) 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. SWBC is a diversified financial services company providing a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals. With offices across the country, SWBC is committed to providing quality products, outstanding service, and customized solutions in all 50 states. For more information, visit swbc.com