MOUND
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E C O N O M I C
D E V E L O P M E N T
P R O F I L E
Denton
Municipal
Airport
Lo c at i o n
Denton
About Flower Mound
35E
35W
35E
Development and business activity in Flower Mound is thriving!
More than 1,250 businesses, including many major employers and
national firms, call Flower Mound home and are supported by an
active Chamber of Commerce. Flower Mound’s strategic central
location, low tax rate, excellent school system, and unsurpassed
quality of life continue to garnish national recognition, and the
close proximity to DFW International and Alliance Airports has
greatly influenced the Town’s economic conditions.
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Airport
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• The Town is 28 miles northwest of Dallas
and 25 miles northeast of Fort Worth.
Denton County
• Denton County is one of 254 counties
in Texas and includes approximately
878 square miles and all or part of 47
municipalities within its boundaries.
• Denton County’s estimated 2015
population is 780,612.
Source: United States Census Bureau, State & County
QuickFacts, accessed August 2016
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Love
Field
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Dallas
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80
35E
820
635
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360
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• Flower Mound is only three miles
north of Dallas/Fort Worth (DFW)
International Airport, making it, “ten
minutes from anywhere in the world.”
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Flower Mound has what your business needs to succeed and grow, including accessibility, low business costs, extensive infrastructure, a
highly-skilled workforce, and an exceptional quality of life.
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Flower Mound
• Flower Mound is located in north
central Texas at the southern edge of
Denton County, between Grapevine
Lake and Lewisville Lake.
Dallas North Tollway
35W
114
Sam
Dallas North Tollway
Centrally located in the Dallas-Fort Worth Metroplex, the Town of
Flower Mound is a family-oriented community that prides itself on
maintaining a small-town atmosphere while embracing and fostering
a dynamic economic development environment. Incorporated in
1961, Flower Mound is a master-planned community encompassing
approximately 46 square miles, with a population of 68,050.
Lake
Lewisville
35W
20
Tarrant County
• A small area just above the southern
boundary of Flower Mound is located in
Tarrant County. Tarrant County’s 2014
estimated population is 1,982,498.
Source: United States Census Bureau, State & County
QuickFacts, accessed August 2016
Dallas/Fort Worth (DFW)
• The Dallas-Fort Worth-Arlington, TX
Metropolitan Statistical Area (MSA) is
comprised of 12 counties encompassing
two metropolitan divisions: DallasPlano-Irving on the east and Fort
Worth-Arlington on the west.
• The DFW Metroplex has a population
of approximately 6,810,913, with an
average growth of 1 new resident every
5 minutes.
• North Texas is currently the fourth
fastest growing region in the country
with a 3.6% job growth rate, which outpaces the nation’s current 2.1% rate.
Source: North Texas Commission Annual North Texas Profile,
accessed August 2016 20
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Texas
• For the 4th year in a row, and the 7th
time overall, Texas was the recipient
of Site Selection Magazine’s 2015
Governor’s Cup, an annual award
given to the state with the most new
and expanded corporate facilities
announced over the previous year.
Source: Site Selection Magazine, accessed August 2016
• Forbes named The Lonestar State
as #1 in the country in Economic
Climate with the second-fastest job and
economic growth over the past five years
in the Best States for Business study,
published in October 2015.
Source: Forbes 2015 Best States for Business Study, accessed
August 2016
• For 11 consecutive years, Chief Executive
Magazine has recognized Texas as the
best state in the nation in which to do
business.
Source: Chief Executive Magazine, accessed August 2016
• Texas was named the top state in
the country for overall business
environment for the sixth year in a row,
in Area Redevelopment Magazine’s
survey of location consultants.
Convenient Access and Close
Proximity to Customers/Clients
• Centrally located between Dallas and
Fort Worth, just minutes from DFW
International Airport.
Commercial Water Rates
• Commercial water rates are based on
usage after first 2,000 gallons and range
from $3.75–$6.08 per thousand gallons.
Professional Workforce
• More than 85% of the adult population
has post-secondary education, offering
employers some of the highest skilled
workers in North Texas.
• Easy access to I-35, I-635, SH 121, and
SH 114, through major thoroughfares
FM 1171, FM 2499, FM 3040, and U.S. 377.
Cost of Living
• Flower Mound residents enjoy a
property tax rate that has not been
increased, only lowered, in more than
30 years; lower than 11 of 13 benchmark
communities in North Texas.
• The average household income reported
for 2016 is $153,328.
• Direct flight times from DFW
International Airport to nearly any city
in the continental United States in four
hours or less.
• Central time zone location extends
the working day for companies doing
business on both coasts.
Low Business Costs
• Commercial property ranges from
$2.00–$18.00+ per square foot.
Source: CoStar Realty, accessed August 2016
• Multiple opportunities for site
development.
• All Lakeside Business District properties
offer Triple Freeport Inventory Tax
Exemption.
Source: Area Development Magazine 2015 Top States for Doing
Business Survey, accessed August 2016
68,050
Flower mound
Population
• Single-family housing from
$100K–$2M.
Source: Denton County Appraisal District, accessed August 2016
Excellent Infrastructure
• Flower Mound continues to invest
in road improvements, water and
sewer projects, and work with
telecommunication providers to install
state-of-the-art services.
• The Town’s first Tax Increment
Reinvestment Zone (TIRZ) was
established in 2005 and provides
dedicated funds for public
infrastructure along the FM 2499
corridor. The TIRZ consists of 1,465
acres and ad valorem tax revenue
collected will fund improvement
projects over a 20-year period.
Source: Nielsen-Claritas 2016 Demographic Data, purchased
June 2016
• Approximately 80% of the general
population are considered to hold white
collar occupations.
Source: Nielsen-Claritas 2016 Demographic Data, purchased
June 2016
Low Tax Rates
Sales Tax Rate
Town of Flower Mound
2.00%
State of Texas
6.25%
Total
8.25%
2016–17 Tax Rate
(per $100 assessed valuation)
Denton
County
Tarrant
County
Town of Flower Mound
$0.439
$0.439
$1.42
$1.42
$0.262
$0.264
N/A
$0.372627
$2.107409
$2.495627
Lewisville ISD
County
Other (Hospital/
College District)
Total
2
Flower Mound Economic Development | Accessibility
Major Thoroughfares
• Major State & county roads serving area:
FM 1171, FM 2499, FM 3040, FM 407
• Federal Highway serving area: U.S. 377
• Easy access to nearby Interstate and State
Highways: I-35E, I-35W, I-635, SH
121, SH 114
• The Texas Department of
Transportation approved $90 million
to extend the DFW Connector project
into Flower Mound, creating a direct
non-stop route from Flower Mound to
DFW International Airport.
Air Service
Dallas/Fort Worth (DFW) International
• Distance from Flower Mound: 3 miles
• Passenger airlines: 10 Domestic, 16
Foreign Flag
• Total destinations: 209
Demographics
• DFW International Airport offers an
extensive route network, with nonstop
service to 56 international destinations,
now including direct routes into
Colombia, Honduras, China, Qatar,
the United Arab Emirates, and Canada.
• DFW International is the world’s third
busiest airport, providing more than
1,850 flights per day and serving more
than 66 million passengers a year.
• Every major city in the continental
United States can be accessed within
four hours from DFW Airport, and 148
domestic non-stop flights are available.
Source: Dallas/Fort Worth International Airport Public Affairs
Office, contacted August 2016
Dallas Love Field
• Distance from Flower Mound: 25 miles
• Dallas Love Field is served by
Southwest Airlines, Virgin America
Airlines, United Airlines, Seaport
Airlines, and Delta.
• Dallas Love Field transports almost 7
million passengers per year.
Source: Dallas, Texas Love Field Airport Online, accessed
August 2016
• Southwest Airlines maintains its
corporate headquarters at Dallas Love
Field and Dallas is a major focus city for
the airline.
Source: Southwest Airlines, contacted August 2016
• Dallas Love Field recently completed a
$519M expansion and added more than
27 new daily flights.
Source: Dallas, Texas Love Field Airport Online, accessed
August 2016
Race Classifications
Race
Percentage
White Alone
81.83%
Black or African American Alone
3.09%
Source: Alliance Texas, Alliance Airport Online, accessed
August 2016
Population by Employment
2016 Population
68,050
Private Sector
Male
49.52%
Female
50.48%
Government, Non-Profit, Self-Employed
73.6%
Unpaid Family Workers
American Indian and Alaska
Native Alone
0.56%
Asian Alone
Median Age
39.2
Average Age
36.9
10.65%
Native Hawaiian and Other
Pacific Islander Alone
0.06%
Another Race Alone
1.48%
Two or More Races
2.33%
Sources: NCTCOG Demographic Information: American
Communities Survey, accessed August 2016, & Nielsen-Claritas
2016 Demographic Data, purchased June 2016
Residential Population
Alliance Airport
• Distance from Flower Mound: 5 miles
• Fort Worth Alliance Airport is the
world’s first 100% industrial airport
designed for cargo, corporate, and
military aviation.
Residential Population
Age
Households
2000 Census
17,166
2010 Census
21,056
2016 Estimate
23,308
2021 Projection
25,288
Percentage
0-17
26.97%
18-24
9.95%
25-44
20.93%
45-64
33.73%
65+
7.8%
Educational Attainment
(Ages 25+)
Households by Income
Average Household Income
$153,328
Median Household Income
$126,465
Total Population with PostSecondary Education
26.34%
0.07%
Source: Nielsen-Claritas 2016 Demographic Data, purchased
March 2016
Population by Employment
(Top 10 Occupations)
Occupation
Percentage
Management
18.97%
Sales/Related
13.22%
Office/Admin. Support
10.74%
Business/Financial Operations
Education/Training/Library
8.35%
7.7%
Computer/Mathematical
7.39%
Health Practitioner/Technician
6.43%
Transportation/Moving
4.04%
Personal Care/Service
3.22%
Food Prep/Serving
3.17%
85.31%
2016 Pricing of Homes Sold
Educational Attainment
Households by Income
24 hour traffic counts
Level
Income
Percentage
$0-49K
11.74%
$50-74K
11.36%
$75-99K
12.93%
$100-149K
25.13%
$150-199K
17.14%
$200K+
21.69%
Percentage
Less than 9th Grade
0.97%
Some High School, No Diploma
1.49%
High School Graduate/GED
12.24%
Some College, No Degree
21.21%
Associate/Bachelor’s Degree
46.62%
Graduate/Professional Degree
17.48%
Under $99,999
0%
$100,000–$199,999
10.42%
$200,000–$299,999
17.54%
$300,000–$399,999
31.28%
$400,000–$499,999
17.54%
$500,000 and up
23.22%
Source: Denton County Central Appraisal District ‘Sales Search,’
accessed August 2016
2016 Pricing of Homes Sold
October 2016
Median Home Value
$301,313
Note: Percentages may not add to 100% due to rounding.
Unless otherwise noted, Source: Nielsen-Claritas 2016 Demographic Data, purchased June 2016
3 | Flower Mound Economic Development
4
Flower Mound Economic Development | Compared to the State, Denton County is currently excelling
in the fields of Construction, Manufacturing & Trade,
Transportation & Utilities, Financial Activities
Group, Education, and Health Services.
labor force
Source: Texas Workforce Solutions Denton
County Narrative, accessed August 2016
Labor Supply
With the majority of the community situated in Denton County, ranked the 9th largest county in the State of Texas based on population,
the Town of Flower Mound offers an employment draw that includes not only a local resident base of 68,050, but also a substantial
county and Metroplex-wide workforce base to fulfill any need.
• 72.8% of the Denton County workforce has post-secondary
education, compared to 55.4% for the State of Texas.
• Denton County offers a relatively young workforce with an average
age of 33 and approximately 63% of the total population between
20–64 years of age.
• Approximately 8.7% of the eligible workforce in Denton County is
made up of skilled veterans.*
• An active Flower Mound Chamber of Commerce can connect
members with SCORE assistance for all of your business needs.
www.flowermoundchamber.com
• Innovate Flower Mound, a 4,500 square-foot professional
entrepreneurial center provides small and transitioning local
businesses a collaborative environment and shared overhead. www.innovateflowermound.com
Source: Texas Workforce Solutions Denton County Narrative Profile, accessed August 2016
Source: Texas Workforce Commission TRACER 2/Labor Market & Career Information, accessed
August 2016
*
• Average Unemployment Rate 2015: 3.3%**
**
• Assistance with Skills Development Fund and Skills of
Small Business Program grants through the Texas Workforce
Commission is available.
Key Occupations & Wages in
Denton County
Top Employers in Flower Mound
500+
Communication Test Design, Inc., Lewisville ISD*, MI Windows & Doors, Texas Health
Presbyterian Hospital Flower Mound
300–499
Stryker Communications, Town of Flower Mound
100–299
Best Buy Distribution & Service Center, CustomInk, FUNimation Entertainment, HD
Supply, Ivie & Associates, KeHE (formerly Nature’s Best), Owens & Minor, Inc., Premier
Manufacturing, Premier Nationwide Lending, USA de View, Inc., Whitlock
50–99
BNSF Logistics, Cardiovascular Specialists, PA, Continuum Rehabilitation Hospital or
North Texas, Cross Timbers Rehab & Healthcare Center, Home Depot, Kohler, Kroger (2
Flower Mound locations), Lifetime Fitness, Lowe’s Home Improvement, Mainfreight USA,
Mohawk Industries, Orthopedic Associates Flower Mound & Lewisville, Signature Systems
Group, Rent-A-Center National Product Service, Stacy Furniture Outlet, Texas Roadhouse,
ThermoTek, Inc., Tom Thumb (4 Flower Mound locations)
Physicians & Surgeons
$248,719
Chief Executives
$209,912
Architectural & Engineering
Managers
$150,655
Computer & Information
Systems Managers
$150,011
Financial Managers
$138,505
Sales Managers
$137,676
Lawyers
$134,995
Source: Texas Workforce Commission SOCRATES 2020 data,
accessed August 2016
Flower Mound office & schools only
*
Economic Indicators
Unemployment Rates
9
Occupational
Categories
8
7
Percentage
of Denton
County
Workforce
Management & Professional
42.0%
6
Service
28.9%
5
Sales & Office
13.2%
4
Construction & Extraction
8.7%
Production & Transportation
7.2%
3
Flower Mound
Denton County
Tarrant County
MSA
Source: Texas Workforce Commission TRACER 2/Labor Market & Career Information, accessed August 2016
Texas
$153,328
average household income
5 | Flower Mound Economic Development
Source: Nielsen-Claritas 2016 Demographic Data,
purchased June 2016
Exemplary Schools
quality of life
Lewisville Independent School District
Most of Flower Mound is served by
Lewisville Independent School District
LISD Flower Mound Schools
(LISD), with Argyle, Denton, and
Northwest ISDs present in small areas of
Current Student Enrollment
14,806
the Town. LISD encompasses more than
Campuses in Flower Mound
25
127 miles and serves over 53,000 students.
For more information on LISD schools,
Source: Lewisville Independent School District Online, accessed
visit www.lisd.net.
September 2016
Best P lac e t o L i v e
• No. 9 on America’s 50 Best Cities to Live
poll conducted by 24/7 Wall St. and No. 1
in Texas.
North Central Texas College
Flower Mound is proud to feature a
State University to construct and lease
32,000-square-foot North Central
a new 30,000 square-foot facility in
Texas College (NCTC) extension
Parker Square near the NCTC Flower
campus right in the heart of Parker
Mound campus. The arrangement will
Square. With a fall 2016 enrollment of
allow students to finish their associate’s
approximately 2,000, students at the
degrees at NCTC and then begin work
Flower Mound NCTC campus can enjoy
on certain MSU baccalaureate degrees all
programs including:
on the same campus. The new building
is anticipated to open in fall 2017 and
• Workforce & Technical education
will house eight classrooms, lecture
• General education
halls, laboratories, interactive television
classrooms, and housing for the MSU
• Continuing education
admissions and IT offices.
• Developmental education
• Community education
• Student development
• University transfer credit coursework
For local employers looking for a specific
workforce need, the Flower Mound
Economic Development Office and
NCTC are able to work toward tailored
programming to fit those needs.
In 2016, NCTC announced they will be
entering a partnership with Midwestern
The NCTC campus in Flower Mound
is also home to a Small Business
Development Center (SBDC), which
provides free, professional consulting
services to individuals looking to start
or grow their small business. Various
management training opportunities,
seminars, and information are available at
no cost to participants and can provide a
leading edge to private employers.
Source: North Central Texas College, accessed April 2015
Other Area Colleges and Universities
Approximately 28 four-year colleges and
Additionally, there are more than 20 twouniversities are located within 50 miles
year/community colleges located within
of Flower Mound, including the 36th
50 miles of Flower Mound, providing a
largest university in the United States,
wide variety of specialized training and
the University of North Texas (fall 2016
certification programs for almost any
enrollment: 37,175), and the 10th most
workforce need.
diverse university in the State, Texas
Source: The College Board Online, accessed September 2016
Woman’s University (fall 2016 enrollment:
15,286), both located in Denton.
• No. 8 on D Magazine’s bi-annual Best
Suburbs list for the third consecutive time.
Best P lac e t o Wo r k
• CNN Money Magazine ranked Flower
Mound No. 2 Best Place to Find a New Job
in the country for 2014.
• No. 1 in Texas and No. 12 in the nation on
the Top Earning Towns list, also reported
by CNN Money Magazine.
• No. 4 Best City in Texas to Find a New Job
according to a study conducted by Wallet
Hub in 2015.
Best Fa mi ly -Fr i end ly Ci t y
• North Texas Child Magazine named Flower Mound the Best City or Suburb
to Raise Children in 2015 for the fifth
consecutive year.
Ex c ellent P u bli c S a f et y
• No. 1 Safest City in Texas, and No. 17 in the
nation, ranked by security analytics company
Neighborhood Scout.
• Honored in 2015 as one of only 117 agencies
in Texas as a Recognized Law Enforcement
Agency from the Texas Police Chiefs
Association (TCPA) Law Enforcement
Recognition Program.
O u t sta nd i ng Pa r k s & O u t d o o r s
• One of 7 municipalities in Texas recognized
as a Platinum-Level Certified Scenic City
by the Scenic City Program.
• An Arbor Day Foundation certified Tree City
USA for the 21st consecutive year in 2015.
• 243-acre Twin Coves Park, located on the
north shore of Lake Grapevine provides a
small craft launch with fishing pier, disc golf
course, playground, two 25’ x 35’ pavilions,
grass volleyball court, lawn area, nature trails,
and a lake overlook with a fire pit and seating.
Best P lac e t o P lay
• The Texas Recreation and Park Society
awarded the Town the Gold Medal Award
for Excellence in Parks and Recreation
Management in 2015.
• 80,000-square-foot Community Activity
Center, complete with an indoor and
outdoor pool.
• Senior Center opened in 2015 offers a
robust program schedule.
• Award-winning golf courses, Bridlewood
and Tour 18 in town, and more than 150
courses in DFW easily accessible.
• 3 equestrian centers: Bridlewood Stables
& Equestrian Center, Flower Mound
Equestrian Center, and Summer Hill Farms.
6
Flower Mound Economic Development | Development
Medical Office Development
Flower Mound has a robust medical and healthcare sector that
offers many widely-needed services to the Town and to Denton
County. Texas Health Presbyterian Hospital Flower Mound
opened in 2010 in the central, mixed-use development, The
River Walk at Central Park, completed a 25,000-square-foot
expansion that included 4 new operating rooms and 28 prep and
recovery beds in 2015, and is currently in the process of adding
additional surgery observation rooms. The hospital opened a
Women’s Imaging Center in 2014 which provides some of the
most technologically-advanced breast cancer screening options
available in North Texas.
Additional notable medical developments include:
• Avanti Assisted Living constructed a 74,710 square-foot facility
in Flower Mound in 2016, providing the highest quality of care
for almost 100 seniors who will enjoy a state-of-the-art wellness
center, theater area, full-service salon and spa, and a fullyfunctional art studio on-site.
• River Walk Medical Park, developed by Rainier Medical
Investments and located within The River Walk at Central
Park. This 21-acre medical campus compliments the state-ofthe-art hospital and provides exceptional space for a variety of
healthcare services.
• Flower Mound Medical Village, located one-quarter mile
from the hospital, is home to a number of practices already
providing high-quality patient care and offers premier frontage
visibility to FM 2499. Caddis Partners purchased a 5-acre site
south of Windsor Lane along the booming FM 2499 corridor
and has developed the stunning Prairie View Medical Plaza, a
42,000-square-foot medical office building in high demand.
• Signature Senior Living opened the 54,000-square-foot
Rosewood Assisted Living & Memory Care along FM 2499,
Continuum Rehabilitation Hospital of North Texas provides
comprehensive, patient-centered rehabilitation services to
patients, and the 64,000-square-foot Cantex Continuing
Care Center nursing facility opened in 2014.
over 300
Retailers and
Restaurants Development
Office Properties
Flower Mound has a variety of office space available, ranging
in size, location, and design. Additional Class A office space is
planned for completion in 2017 in the Lakeside Business District.
This space will offer upscale amenities for tenants, providing for
the needs of businesses ranging from small start-ups to major
corporate headquarters.
Lakeside Business District
Great care was taken to develop the southeastern portion of
Flower Mound into a thriving commercial business district, taking
advantage of the 3-mile proximity to the DFW Airport and major
infrastructure. The Town of Flower Mound invested $25 million
in public improvements into the Lakeside Business District,
including water and sewer extensions and new road construction.
From the convenient accessibility of DFW International Airport
from the Lakeside Business District, to the majestic Fountain
Park located on FM 2499, to the quaint character of Parker
Square adjacent to FM 1171, to the mixed-use, master planned
River Walk Professional Park inside of The River Walk at
Central Park, to the beautiful lake views of the Lakeside DFW
development, you are sure to find a site suitable for your business
needs in Flower Mound.
The Lakeside Business District has 10 business centers within
its boundaries: Cornerstone, Corporate Ridge, Flower Mound
Business Park, Lakeside Commerce Center, Lakeside DFW,
Lakeside International, Lakeside Ranch Business Park, Lakeside
Trade Center, Parkview Commerce Center, and the new
Southgate development.
Available commercial properties can be accessed on the web at
www.flower-mound.com/econdev under “Commercial Property Search”.
Retail / Restaurant Development
With continued population growth, an average household
income of $153,328 and several residential developments under
construction or planned, Flower Mound is an ideal location for
business to thrive. More than 300 retailers and restaurants are
already located in Flower Mound.
Based on the Town’s desire to attract new quality retailers and
restaurants, the Flower Mound Economic Development Office
conducted a survey in 2015 to determine resident shopping and
dining preferences. To view the top 25 most requested retailers
and restaurants, visit www.flower-mound.com/2015surveyresults.
New top retailers and restaurants to Flower Mound include:
Urbano Enchilada and Taco Bar; Hello Daffodil; La Madeleine;
Mod Market; Mena’s Tex Mex Grill; Pie Five; Snap Kitchen;
Gloria’s Latin Cuisine; Bed, Bath, & Beyond, Taco Brone;
Mellow Mushroom; Luna Grill; Giant Bicycles; Smashburger;
Bloom-A-Round; Black Walnut Café; The Table; Briesley’s
Boutique; Mio Nonno; Jake’s Burgers; Carvao Prime Brazilian
Steakhouse; Paradise Bistro & Coffee Co.; Academy Sports +
Outdoors; Prime Farm to Table; and many more. For a monthly listing of new Flower Mound businesses, go to www.flower-mound.com/newbusinesses.
Several notable developers, including Champion Partners, Crow
Holdings, Duke Realty, EastGroup Properties, Exeter Property
Group, Granite Properties, Hillwood, Huntington Industrial,
Industrial Property Trust, LNR, and others, have already invested
in Flower Mound. After calling Flower Mound home for more
than a decade, Stryker Communications Corporation has
decided to commit to the Town long into the future by beginning
construction on a 78,000 square-foot divisional headquarter
campus which will employ more than 400 employees and offer a
state-of-the-art surgical tool showroom for out-of-state clients.
More than 90 businesses are currently operating in the district, including:
• Stryker Communications (divisional HQ)
• Hardware Resources
• Wayfair, LLC
• Conti Systems
• Ivie & Associates
• HD Supply
• Mainfrieght USA, Inc.
• WorldPac
• CustomInk
• Whitlock
• Benco Dental Supply Co.
• CTDI
• Mohawk
• FUNimation (corporate HQ)
• Signature Systems Group (corporate HQ)
• ThermoTek (corporate HQ)
• BNSF Logistics (global HQ)
• Mutual Trading Company
• Best Buy Distribution
• Home Depot (retail store)
• MI Windows & Doors
• Keystone Automotive
As of September 2016, the Lakeside Business District boasted a
98.6% occupancy rate.
For more information about the Lakeside Business District and
available land, built-to-suit, and square footage options, log on to
www.flower-mound.com/econdev under “Sites and Districts”.
7 | Flower Mound Economic Development
Lakeside DFW
Lakeside DFW is a $1 billion, 150-acre, Mediterraneanstyle mixed-use development overlooking Grapevine Lake in
southern Flower Mound. Lakeside DFW is designed to provide
a mix of retailers, lake-view restaurants, offices, and residential
opportunities linked by trails, parks, and open spaces. The
modern, vibrant character of the development has become iconic
to the area: a mix of traditional community cohesiveness and an
active lifestyle for residents wanting entertainment, dining, and
shopping right at their fingertips.
Casual and upscale restaurants and walkable retail are key
components of the project, which is located along the northeast
shore of Grapevine Lake, offering stunning views from friendly
patios and resident balconies. Businesses already part of Lakeside
DFW include: Carvao Prime Brazilian Steakhouse, Paradise
Bistro & Coffee Co., Mio Nonno, Bottle & Bottega, Urban Vybe
Yoga Studio, Epic Gelato, Majestic Nail Spa, Giant Bicycles,
Mena’s Tex-Mex Grill, The Lodge Barbershop, Bloom-ARound Floral, Starbucks, Hello Daffodil, Amber Michelle
Salon, Briesly’s Boutique, and more. Construction has begun on
the next phase of retail and condo space slated for the project.
Housing options include condos, apartments, townhomes, and
single-family houses all within easy reach of shops, restaurants,
and the upscale Moviehouse & Eatery, the Town’s first movie
theater, which opened in summer 2015. Lakeside DFW continues
to burst to life as a planned, 15-story condominium tower
is moving forward with construction into 2017. The project
will include 48 individual units starting at $675,000, a 24/7
concierge, valet parking, and upscale amenities for residents to
enjoy. Bungalows are anticipated alongside the tower overlooking
Grapevine Lake. A 6,000 square-foot lake view plaza available for
public use will also open in early 2017.
More information can be accessed at www.lakesidedfw.com.
10 minutes
Development
Incentives & Resources
from anywhere
in the world!
Incentives
The Town of Flower Mound is committed to the attraction of high quality development in all parts of Town to expand and diversify the
tax base. As such, the Town will, on a case-by-case basis, give consideration to providing financial incentives as a stimulus for economic
development. The Town can offer the following economic development incentives:
• Tax abatements
• Fee waivers
• Triple Freeport Exemption
• Tax rebates
• Relocation assistance
• Tax Increment Reinvestment Zone
• Sales tax sharing
• Training assistance
• Infrastructure reimbursements
• Expedited processing
To view the Town of Flower Mound’s Economic Development Incentive Policy and Application, visit www.flower-mound.com/incentivepolicy.
The Town’s Economic Development office will also provide assistance to businesses wishing to pursue economic development incentives from
the State of Texas or Foreign Trade Zone designation under the service area for U. S. FTZ No. 39. For more information about incentives
provided by the State of Texas, visit www.texaswideopenforbusiness.com.
River Walk at Central Park
The River Walk at Central Park is a 158-acre mixed-use
development that integrates commercial, office, retail, dining,
medical, and residential uses in a variety of building types. It is
anchored by Texas Health Presbyterian Hospital Flower Mound
and located along one of the major development corridors in
Town, easily accessible from any part of the DFW Metroplex.
The River Walk will offer walkable shopping, dining, art,
entertainment, and more along a majestic flowing river. A
restaurant row will feature over a dozen restaurants, with a
shared patio right on the waterfront. In the last two years,
highly-requested restaurants La Madeleine, Luna Grill,
Mellow Mushroom, and Taco Ocho were added to the nearby
River Walk Market which is home to Market Street and a dozen
additional businesses.
Additional amenities coming to The River Walk include a public
amphitheater, beautiful stone chapel, pedestrian bridges across
the water, public art sculptures, a farmer’s market, central
promenade, kids splash area, more than 46.5 acres of parks and
open spaces, and much more.
Adding to the many exciting features of The River Walk, Rainier
Medical Investments and DePalma Hotels & Resorts partnered to
secure the Town’s first hotel within the development, a Courtyard
by Marriott. The five-story, 145 room, upscale hotel opening
in 2017 features more than 6,000-square-feet in meeting
and conference space, a restaurant and bar, outdoor fire pits,
balconies overlooking the river and amphitheater, and many highend finishes to ensure a luxurious experience for guests.
More information can be accessed at www.riverwalkflowermound.com.
9 | Flower Mound Economic Development
Denton Creek District
Flower Mound has designated approximately 1,500 acres in the
west end of Town for mixed-use residential and commercial
development. The Denton Creek District is located along I-35W,
U.S. 377, and FM 1171, and emphasizes high quality, regional,
commercial and industrial development, as well as mixed office,
retail, and residential uses.
Canyon Falls
Canyon Falls is a 1,242-acre master-planned community within
the Denton Creek District, located in the towns of Flower Mound,
Northlake, and Argyle. Featuring rolling terrain, high bluffs, a
creekside canyon, and sprawling clusters of mature trees surrounding
serene residential communities, Canyon Falls offers a beautiful
environment for exploring the outdoors. Residents of Canyon Falls
also get to enjoy being located in both the Argyle and Northwest
school districts, ranked among the very best in the State of Texas.
The community offers convenient access to major highways and
employment centers and features homes from the upper $200s
to the $600s by leading builders, including Toll Brothers,
Drees Custom Homes, Coventry Homes, Highland Homes, K.
Hovnanian Homes, Ashton Woods Homes, Beazer Homes, Pulte
Homes, Meritage Homes, and Monterey Homes.
Flower Mound temporary Fire Station No. 6 officially opened
in Canyon Falls in September 2016 while the Denton County
Southwest Courthouse will come online in January 2017.
Commercial and retail space is planned toward the west and
northwest part of the property near I-35W.
For more information about the Denton Creek District and
Canyon Falls, log on to www.flower-mound.com/econdev under
“Sites and Districts”.
Business Resources
Water Supply
Water Supplier: Town of Flower Mound
Cable Television
Grande Communications: 877-238-6891
Water Source: Upper Trinity Regional Water
District/Dallas Water Utilities
Time Warner: 888-892-2253
Treatment Type: Surface Water
Frontier: 800-921-8101
Max Daily System Capacity: 41,000,000 GPD
Natural Gas
Atmos Energy: 888-286-6700
Average Daily Consumption: 13,100,000 GPD
CoServ: 800-274-4014
Storage Capacity: 21,500,000 GPD
Waste Water Treatment
Treatment Supplier: Town of Flower Mound
Treatment Type: Municipal (Activated Sludge)
Treatment Capacity: 10,000,000 GPD
Average Daily Flow: 4,660,000 GPD
Max Daily Flow to Date: 8,410,000 GPD
Contact
Utility Services Manager: 972-874-6404
For water rates, see website at www.flower-mound.com/index.aspx?NID=260
To connect utilities online: www.2turniton.com
Electric Transmission and
Distribution Companies
CoServ: 800-274-4014
ONCOR: 888-313-6862
Telephone/Fiber Optics
AT&T: 888-944-0447
Grande Communications: 877-238-6891
Frontier: 800-921-8101
Trash & Recycling
Waste Management: 972-315-5400
Alliance Airport
www.allianceairport.com
800-318-9268 / 817-890-0000
Dallas Regional Chamber of Commerce
www.dallaschamber.org
214-746-6600
Denton Central Appraisal District
www.dentoncad.com
940-349-3800
Denton County, Building &
Development Permits
dentoncounty.com
940-349-2990
DFW International Airport
www.dfwairport.com
972-973-3112
Flower Mound Chamber of Commerce
www.flowermoundchamber.com
972-539-0500
Innovate Flower Mound
www.innovateflowermound.com
214-222-9129
Lewisville Independent School District
www.lisd.net
469-713-5200
SBA – Small Business Administration,
Dallas/Fort Worth Chapter
www.sba.gov
817-684-5500
SBDC – Small Business Development
Center, North Central Texas College: Flower
Mound Campus
www.nctc.edu/SmallBusiness.aspx
972-899-8420
SCORE Service Corps of Retired Executives,
Dallas Chapter
www.score.org
214-987-9491
State of Texas – Economic Development
www.texaswideopenforbusiness.com
512-936-0100
Tarrant County
www.tarrantcounty.com
817-884-1111
Tarrant Appraisal District
www.tad.org
817-284-0024
Town of Flower Mound
www.flower-mound.com
972-874-6000
10
Flower Mound Economic Development | Alora Wachholz
Economic Development
[email protected]
972-874-6044
Town of Flower Mound Economic Development
2121 Cross Timbers Road • Flower Mound, TX 75028
972-874-6044
www.flower-mound.com/econdev
Data for the Economic Development Profile was updated in fall 2016 and has been compiled from sources
deemed reliable. The Town gives no guarantee or certification as to the accuracy of the information provided.