During the July 17 Town Council meeting, Mr. Tim Nystrom, President, Newstream Commercial unveiled plans for Lakeside Crossing, a 12-acre mixed-use development, that includes a 66,000 square-foot, five-story hotel. The property is located on the west side of Long Prairie Road, just south of the Lakeside Parkway and Long Prairie Road intersection, adjacent to the growing Lakeside DFW development and 10 minutes north of DFW International Airport. Council members approved a measure that will assist Newstream Commercial in making Lakeside Crossing and the Unscripted hotel a reality in Flower Mound.
“The Lakeside Crossing development will be a great asset for Flower Mound,” said Mayor Pro Tem Don McDaniel. “The Unscripted Hotel will provide a perfect lodging option for many of our business travelers in the Lakeside DFW area and further the sense of ‘place’ that is happening down there, with even more dining and shopping options for our residents.”
The hotel will be part of Unscripted Hotels, a new lifestyle brand and hospitality concept for the progressive creative traveler by Dream Hotel Group, and marks the first ground-up build for the brand. Slated to open in 2019, Unscripted DFW will feature 134 guest rooms and suites, a full-service restaurant, a rooftop lounge and nearly 4,000 square feet of meeting space.
"The Dallas-Fort Worth area, specifically the Town of Flower Mound, is one of the most exciting and welcoming places in the U.S., and it's our goal to introduce new concepts that reflect and enrich the place it calls home,” remarked Jay Stein, CEO, Dream Hotel Group.
In addition to the hotel, Lakeside Crossing will include approximately 100,000 square feet of retail, office, and restaurant space, along with approximately 15 luxury townhomes. The design of the development will seek to have a uniquely attractive look, designed to draw from its natural surroundings by incorporating stone and wood into the architecture. Newstream Commercial plans to oversee the project.
“To be able to bring an exciting mixed-use development like Lakeside Crossing and an upscale full-service lifestyle hotel to my hometown is truly a dream come true for me,” stated Scott Tarwater, President of Newstream Hotels & Resorts.
“The Lakeside Crossing Development will be a wonderful addition to the Lakeside Business District, offering a mix of office, retail, and restaurant space, all located in a setting that has been carefully designed to take advantage of the natural beauty of the site,” said Director of Economic Development Andrea Roy. “Already, the project has provided the opportunity to retain some of our existing growing businesses that would have otherwise relocated to meet their expanding space needs.”
Additional hotel updates will be provided as soon as they are available and will be posted to the Town’s website, www.flower-mound.com.
About Dream Hotel Group:
Dream Hotel Group is a hotel brand and management company with a rich, 30-year history of managing properties in some of the world’s most highly competitive hotel environments. Home to its Dream Hotels, Time Hotels, The Chatwal and Unscripted Hotels brands, Dream Hotel Group encompasses three business lines: Proprietary Brands, Hotel Management and Dining & Nightlife. The Company is committed to the philosophy that forward-thinking design, service and guest experiences should be available across market segments. Dream Hotel Group is dedicated to offering travelers an authentic connection to their chosen destination through a truly original approach. For more information, please visit www.dreamhotelgroup.com and follow @dreamhotelgroup on Twitter.
About Newstream Commercial and Newstream Hotels & Resorts:
Newstream Commercial and Newstream Hotels and Resorts designs, builds and owns upscale lifestyle hotels and mixed-use retail and commercial developments. Based in the Dallas/Fort Worth metroplex, Newstream combines the talents of its’ architectural, development, construction and financial team to produce exceptional results for its’ partners. For more information, please visit www.newstreamcommercial.com.