Denton County mixed-use project will bring retail and apartments

A new Denton County development will bring shopping, restaurants, residences and a hotel.

Irving-based Realty Capital Management purchased 20 acres for the mixed-use project planned at the southwest corner of Corinth Parkway and Interstate 35E in Corinth southeast of Denton.

Development plans for the project called Parkway District include 22,000 square feet of retail and restaurant space, about 275 apartments, 16 townhomes and a hotel built along a central linear park.

“Parkway District aims to be a hub for activity,” Austin Gray, development partner at Realty Capital Management, said in a 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.”

Texas Bank and Trust financed the land purchase.

Construction is expected to start this summer.

Realty Capital Residential will build the apartment units.

Realty Capital Residential is the same developer that just broke ground for an apartment high-rise in Flower Mound overlooking Lake Grapevine.

The developer worked with the city of Corinth on its latest mixed-use project.

“This is the first of many mixed-use developments for the city of Corinth,” city manager Scott Campbell said in a statement. “The city is fortunate to partner with Realty Capital to build this tremendous opportunity for Corinth that will drive jobs and investment.”

Realty Capital Management was founded in 1987 and has developed nearly 200 projects in Texas and Colorado. The company currently has more than $500 million of projects under development.