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What We Know About The View at Sapphire Bay
Details
Address
Intersection of I-30 & Dalrock Rd, Rowlett, TX 75088
Units
394
Floors
5
Developer
Zale Properties
Property Website
About
SAPPHIRE BAY IS THE ULTIMATE EXPRESSION OF LIVE, WORK, AND PLAY.
Located on the shore of Lake Ray Hubbard, Sapphire Bay is breaking ground to become the newest master planned community in the heart of the Dallas/Fort Worth Metroplex. The 116-acre development will be Texas’ first resort destination anchored by a state-of-the-art man-made lagoon, offering guests a luxurious stay along it’s shore at the 500 room Sapphire Bay Resort – operated and managed by Destination Hotels by Hyatt. The project will also feature a one of a kind surf village and water park, 1,500+ residential units, 1.7 million square feet of mixed-use restaurant, retail, entertainment, office and hospitality space, 20+ acres of parks and trails, a 1,000 slip marina, and The Fountains at Sapphire Bay which is destined to become one of the most magnetic pieces of public art in the United States.
Estimated Budget
$58,300,000
Timeline
Dec 13, 2021 - A Dallas apartment developer is headed to a mixed-use development on Lake Ray Hubbard for its next project. Zale Properties is building the 394-unit rental community as part of the $1 billion Sapphire Bay project at Interstate 30 and Dalrock Road in Rowlett.
“This would be our second multifamily development in Rowlett but our first in Sapphire Bay,” said Mark Zale. “We hope to break ground on the View at Sapphire Bay in the next month or two.” (Dallasnews)
May 18, 2022 - Zale Properties has obtained a $58.3 million construction loan for The View at Sapphire Bay, a 394-unit community underway in Rowlett, Texas. JLL Capital Markets secured the eight-year, fixed-rate financing from Principal Global Investors. (Multihousingnews)
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