Legacy Partners, a privately held national real estate firm, and Pondmoon Capital Holdings USA announced the opening of Merit, a 296-residence mixed-use community in Lewisville, Texas.
The Lewisville apartment community features one-, two-, and three-bedroom layouts ranging from 630 to 1500 square feet appointed with high-speed fiber internet, smart home technology, granite countertops, stainless steel appliances, work-from-home spaces, and private balconies or patios. Residents have access to a coworking space with private conference rooms, a resort-style pool, an ultra-modern fitness center, and electric vehicle charging. The pet-friendly community also offers a dog spa, and a gaming courtyard with fire pit, ping pong table, and an outdoor grilling station.
The community also includes onsite restaurant and retail space that shares a large open-air patio overlooking a spacious public dog park nestled in natural terrain. The majority of the retail space was leased prior to the end of construction. Merit is located off Interstate 35E, approximately 15 miles equidistant from the two largest office submarkets in the Dallas-Fort Worth Metroplex: Las Colinas and the Upper Tollway, which includes the cities of Frisco and Plano.
“Merit’s location really cannot be surpassed,” said Matt Brendel, senior managing director at Legacy. “Residents are less than 20 minutes from major employment centers, and only two miles from serene walks, bike rides, fishing, and other outdoor recreation at Lake Lewisville, the largest lake in North Texas. Merit is also within close proximity to historic Old Town Lewisville and the Shops at Highland Village, which offer numerous retail, entertainment, and dining options.”
“Merit is our fifth project in this region,” said Patrick Chen, CEO of Pondmoon Capital. “We’re thrilled to partner with Legacy Partners to bring an elevated living experience to Lewisville, an area that has seen a dramatic increase in jobs and demand for living space. Rapid job growth and sustainable demand for rental residences are the main drivers for our focus on Sun Belt markets such as Texas and Southern California. The entire development and construction team behind Merit work in sync to execute with commendable commitment and diligence. Pondmoon is proud of such outstanding partnership, which will without doubt flourish with success. ”
Merit was designed by Dallas-based JHP Architecture. The general contractor was Provident General Contractors.
