Lewisville, TX (February 25, 2022) – Legacy Partners (“Legacy”), a privately held national real estate firm, and Pondmoon Capital Holdings USA (“Pondmoon Capital”) today announced the groundbreaking on Merit, a 296-residence mixed-use community in Lewisville, Texas. The community is located on 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. The community is scheduled to deliver mid-2023.

“The community’s location really cannot be surpassed,” said Matt Brendel, Senior Managing Director at Legacy. “Future residents will be less than 20 minutes from major employment centers, including Las Colinas, Frisco, and Plano, 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 shopping, entertainment, and dining options.”

The Lewisville apartment community will feature 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. The 11.1-acre site will also include three small restaurant spaces comprising a total of 2,300 square feet that share a large open-air patio overlooking a spacious public dog park nestled in natural terrain.

Residents will have access to a coworking space with private conference rooms, a resort-style pool, an ultra-modern fitness center, and a convenient smart market that operates 24 hours a day. The pet- friendly community also offers a dog spa, and a gaming courtyard with fire pit, ping pong table, and an outdoor grilling station.

“Merit is our fifth project in this region,” said Patrick Chen, CEO of Pondmoon Capital. “We’re particularly thrilled to partner with Legacy Partners on this exciting opportunity that will bring an elevated living experience to an area that has seen a dramatic increase in jobs and demand for apartment living. 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. We are confident that Merit will be another example of a high-quality residential community to meet market demand, as well as another success for our investors.”

Jordan Cortez, Mason John, and Haley Birmingham of Vanguard Real Estate Advisors, a Dallas-based real estate advisory and capital markets firm, represented Legacy Partners. TJ McNeece of Legacy Commercial Group represented the Seller. Berkadia JV Equity & Structured Capital, led by Noam Franklin, Chinmay Bhatt and Cody Kirkpatrick, was engaged to source the equity partner for Legacy.

Dallas-based JHP Architecture is the designer for Merit, and the general contractor is Provident General Contractors.

Legacy recently delivered 880 LYN, a waterfront community in Las Colinas that is currently leasing, while the firm completes construction of a combined 844 residences at Ovation at Galatyn Park, in Richardson, and Camber Ranch on Parmer, in Austin.