A planned watercolor community is coming to Dallas-Fort Worth

The Aquarelle development in Euless will include over 760 homes and a 35,000 square foot lake.

The Aquarelle development in Euless will include over 760 homes and a 35,000 square foot lake.

American Centurion Development Group

A major residential development is coming to Euless.

Over 63 acres will soon be home to a mix of single and multi-family living options known as the Aquarelle. The planned community is at the intersection of Texas State Interstates 360 and 183, just minutes south of Dallas-Fort Worth International Airport.

The project includes a 35,000 square foot lake with a boardwalk. The water feature will be connected to a network of trails for hiking and biking. The watercolor is expected to create over 760 homes in total and leave potential for a hotel and restaurants.

Members of Eless City Council voted unanimously to approve the rezoning of the property at a meeting on Tuesday. The property serves to complete a previous mixed-use project that began in 2011, then known as the Riverwalk.

“It’s important to the city because the developers made certain commitments at the time to provide a river walk, a water feature and various amenities for use by the single-family residences north of the watercolor development. “said Michael Warrix. , director of planning and economic development for Euless.

The developers of the old Riverwalk changed ownership in 2020 before the project was completed. Around 400 single-family homes and 500 multi-family lofts had already been built. But residents had to wait for promised amenities, including the water feature, restaurants and retail businesses.

From now on, Centurion American Development Group will take the lead in the project. The North Texas real estate developer spearheaded a similar mixed-use development to Euless called Founders Park on South Industrial Boulevard and Airport Freeway. Previous communities planned by Centurion American have included golf courses, parks, water park themes, and hiking and biking trails.

“Completing the Watercolor project up there and closing the loop of the Riverwalk project has been very important to the city over the years,” Warrix said. “Now we believe we are well placed to succeed because we are working with the same development company we worked with on Founders Parc. They know our way of working, our planning rules and our building rules.

Not only will the development in Watercolor follow through on the amenities promised to residents of the community, but it will also meet the growing need for residential development in the city.

Proximity to the Dallas-Fort Worth International Airport is driving investment in multi-family housing, Warrix said.

“We frequently receive calls requesting the availability of vacant lots primarily for multi-family development,” Warrix said. “Euless is under construction. There just isn’t a lot of land available that is vacant for development in the city, and that’s a problem for people who want to do similar projects.

The completion of Aquarelle represents one of the last remaining large tracts available for development in the city, Warrix said. Once it is built, there will be few significant plots available to accommodate large-scale development, he said.

“Any opportunity in the future for any type of mixed-use development or large-scale multi-family development will in all likelihood be the result of a redevelopment project taking existing developments that have reached their economic lifespan and redeveloping those sites. into something else,” Warix says.

Jenny Rudolph covers North Texas business, industry and economic development at the Fort Worth Star-Telegram.