Posted Aug 19, 2016, 2:42 AM
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Join Date: Sep 2011
Location: Dallas
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Details emerge for huge development at Circle T ranch in Westlake
Gordon Dickson
August 17, 2016
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Last week’s announcement that The Charles Schwab Corp. plans to build a 1,200-employee corporate campus on the former Circle T Ranch was apparently just the beginning for the fast-growing area of northern Tarrant and southern Denton County.
Hillwood, one of the region’s largest real estate developers, and The Howard Hughes Corp. announced plans Wednesday to move forward with a 130-acre mixed-use development that includes the $100 million Schwab campus at the intersection of Texas 114 and Texas 170 near the Westlake-Roanoke border.
The project will include restaurants, retail shops, day care and a fitness center, said Mike Berry, president of Hillwood Properties, known for creating Alliance. It will also include residential areas and a 200-room hotel. Work at the site is expected to begin this fall and continue for several years, roughly following Schwab’s plan to open its campus by early 2019.
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The main drive through the development will be dubbed Schwab Way, he said.
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The new project will include more than 2 million square feet of mixed-use office, retail and entertainment space, comparable to Southlake Town Square about eight miles to the east. However, Berry said the Westlake development will likely have somewhat less retail than Southlake’s featured destination.
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The architecture at the Westlake development will resemble the ranch/contemporary Hill Country designs seen at other public buildings in the city, including Westlake Academy, Deloitte University and the nearby Vaquero development.
Land for parks, open space and creeks will also be integrated into the development, officials said in a press release.
The initial work will include rebuilding Turner Lake to make way for both the Schwab campus and surrounding development.
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