Hanover Property Company announced today the addition of a $43 million luxury apartment community to its Mira Lagos master-planned community on Joe Pool Lake in Grand Prairie, which it is co-developing with Alpha-Barnes Real Estate Services. The developer also announced that the final phase of single-family homes in Mira Lagos is now underway.
“This addition of luxury apartments in Mira Lagos introduces another high-end product for those who prefer to rent rather than own in a master-planned community,” said Dick LeBlanc, President of Hanover Property Company. “This upscale apartment community is designed to be compatible with the rest of this highly successful community and will nicely round out our residential offerings.”
The Enclave at Mira Lagos will feature 310 apartments, of which 199 will be built in the first phase. The apartments will be the only ones on the Peninsula at Joe Pool Lake and will feature over 6,400 square feet of amenities including a clubhouse, fitness center, outdoor club patios and mail facilities. In addition, a large resort-style pool with an internal lake system will be available to residents of this community.
The final phase of homes in Mira Lagos will consist of 171 lots ranging in price from the low $300s to high $600s with 21 gated home sites featuring scenic views and high-end finishes. Builders are Grand Homes, Bloomfield Homes, First Texas Homes and Innovation Builders. Lots are currently under construction and will be available by the end of the year.
Mira Lagos was named a Top 10 performer in DFW per Metrostudy and is the only such community on the south side of the metroplex. Located five miles south of I-20 between Joe Pool Lake and Highway 360, the 1,000-acre master-planned development has 2,500 homes and features three amenity centers, swimming pools, tot pools, playgrounds, jogging paths, sports fields, a series of lakes and a 43-acres of parks.
A concerted effort to preserve the natural setting is evident in a number of greenbelt and park areas, which divide the community into 11 distinct neighborhoods while bringing residents together. The 7,400-acre Joe Pool Lake offers 64 miles of natural shoreline, four developed parks, camping, hiking, picnicking and water activities like fishing, boating, swimming and nearby golf facilities. School-aged residents of Mira Lagos will attend acclaimed schools in the Mansfield Independent School District.
Founded in 1984, Hanover Property Company is a Dallas-based real estate development firm which focuses on master planned residential communities, commercial/retail and multifamily developments. More information can be found at www.hanoverproperty.com.
Alpha-Barnes Real Estate Services, with its beginnings in 1988, specializes in property management, multi-family investment and apartment development. Alpha-Barnes, through its partners and various ownership entities, has developed over 80 multi-family communities consisting of approximately 23,000 units. In addition, Alpha-Barnes currently owns and/or manages approximately 110 apartment communities with a total home count of over 14,000 units.