New Mixed-Use Development is Inbound for Corinth, Including Residential and Select-Service Hotel

New Mixed-Use Development is Inbound for Corinth, Including Residential and Select-Service Hotel thumbnail

A new mixed-use development is in the works in Corinth, bringing 275 multifamily units, 16 townhomes and a select-service hotel. 

Realty Capital Management announced the purchase of a 20-acre property for the project called Parkway District. The forthcoming project is located at the southwest corner of Corinth Parkway and Interstate 35E.

Parkway District will also include 22,000 square feet of retail and restaurant space and a central, linear park that connects the entire project. Realty Capital Residential was selected as the multifamily developer for the project. Construction is expected to start in the summer of 2023, according to a news release. 

“Parkway District aims to be a hub for activity,” said Austin Gray, Development Partner at Realty Capital Management, in a prepared statement. “The development is designed to give area residents the opportunity to live in and visit a walkable community with public amenities and entertainment options that are not available today. As one of the most visible sites remaining in Corinth, Parkway District offers the best opportunity to create a landmark project with high visibility along the I-35E corridor.”

Realty Capital secured a loan from Texas Bank and Trust to finance the acquisition of the land.

“We have worked closely with the City of Corinth and the Corinth Economic Development Corporation to create a mixed-use plan that will foster a sense of community and allow the residents and visitors of Corinth to experience a walkable destination with a variety of dining options, shops and exciting entertainment options,” said Tim Coltart, Managing Partner for Realty Capital Management, in a prepared statement. “The City of Corinth has a strong vision for this property, and we are grateful to have the responsibility of executing their vision.”

Realty Capital Residential recently broke ground on a luxury residential tower project in the Lakeside Village development in Flower Mound. The project, located at 3111 Sunset Boulevard, will be a 16-story luxury residential tower overlooking Lake Grapevine. Charlotte-based Barings provided the construction funding, and Chicago-based Creek Lane Capital and Realty Capital Residential provided the equity for the project.


Published by Dallas Business Journal on January 23, 2023