Trammell Crow Company acquires former Bank of America property for redevelopment

The Planning and Zoning meeting held on July 1, 2025, in Lewisville, Denton County, Texas, focused on significant developments in the area, particularly a large project on Knox Street. The meeting began with a presentation detailing the ambitious plans for an auberge hotel, condominiums, apartments, and 100,000 square feet of retail and office space.

The discussion then shifted to the industrial team's achievements over the past 15 years, highlighting the development of 32 million square feet across 48 buildings. This extensive portfolio underscores the team's experience and commitment to growth in the region.

A key point raised during the meeting was the current state of the suburban office market, which has been severely impacted by the pandemic. The representative noted a lack of interest from potential tenants, leading to a property that was reclaimed by Bank of America. Trammell Crow Company is now in the process of purchasing this property out of foreclosure, indicating a potential shift in the market dynamics.

The meeting concluded with visual aids presented by Michelle, illustrating the proposed developments, including two tilt wall office buildings and two large parking garages, which are planned for each corner of the site, along with a substantial parking field in front.

Overall, the meeting highlighted both the challenges and opportunities facing Lewisville's development landscape, with a focus on adapting to the changing needs of the market. Further discussions and follow-up actions are anticipated as these projects progress.