October 11, 2013 www.flower mound.com/ourmasterplan Re: Powell property 23.65 acres located in the Lakeside Business District listed in the Denton County records as property 20159 on the attached map. I would like to revise my letter of September 10, 2013 concerning my Master Plan comments after extensive discussions with both potential developers and Flower Mound residents. After the kick off of the Lakeside DFW construction I have been approached by potential developers to extend the Lakeside DFW concept across FM 2499 to the adjoining Crosby property and my property. Initially my approach to the Master Plan was to have my property designated as Campus Industrial. Now, a much higher use is proposed by the potential developers and Flower Mound residents. The north side of my property is on Spinks Road and across the street from Bluebonnet Elementary and the middle school. A more appropriate use for the Crosby property on the corners of FM2499, Lakeside and Spinks road, as well as my property, is a use that provides retail, garden office and single family residential. The reoccurring Master Plan review provides an opportunity for the Town of Flower Mound to rethink the development approach and that is just what I did after the discussions with potential developers and Flower Mound residents. The central core of the Lakeside development was my family s farm (McPherson) which was purchased in 1903 and my mother and dad developed Shady Point Acres to the west of the Lakeside DFW development. My family and I have been long time property owners in Flower Mound and my objective has always been to support the high quality development the Master Plan provides for Flower Mound. Consideration of my comments will be appreciated. Sincerely, Elmer C. Powell Jr. 804 west Colorado Blvd. Dallas, Texas 75208 Ecp.adp@sbcglobal.net Cell: 214 354 2524 Home: 214 946 8295 Cc: Tom Hayden, Jimmy Stathatos, Mark Wood, Bill Reese
September 10, 2013 www.flower mound.com/ourmasterplan Re: Powell property 23.65 acres located in the Lakeside Business District listed in the Denton county records as property 20159 on the attached map. My property is currently shown on the Master Plan as having a designation as Campus Commercial zoning. However the property to my east (property 302132) has a zoning designation as Campus Industrial. As you are aware, Granite Development (Lakeside Commerce Center) has built several large bulk distribution warehouses farther to the east. The adjoining property on my east side, owned by Gemmy Industries and the residual Silveron property, is currently under contract for a 400,000 sf distribution center. The Town of Flower Mound approved a request by TXU to build a 138KW high voltage transmission line. There is also an Oncor electrical distribution substation along the transmission line. Since on the east I have property designated as Industrial, and on the west a high voltage transmission line and an Oncor substation, they effectively cut me off from any retail uses and overflow from any development on the adjoining property on FM2499 owned by Ron Crosby. Therefore, I believe the best zoning for the Powell property is an Industrial Zoning I have listed the two types of zoning designations below: Campus Commercial Large scale developments such as corporate offices, office parks, hotels, resorts and similar uses, in a planned campus setting. Retail and restaurant uses serving the campus commercial uses could be included, if they are planned as integral elements of the developments. Residential uses are appropriate only for a luxury condominium tower within a four star hotel development to be located at 2900 Lakeside Parkway Campus Industrial Large scale developments such as corporate offices, office parks, service/repair, light industry, clean assembly, and similar uses, in a planned campus setting. Retail and restaurant uses serving the campus industrial uses could be included, if they are planned as integral elements of the developments. I would appreciate your assistance in effecting this change to Industrial for my property. If I can be of additional assistance please contact me at the address or telephone numbers listed at the bottom of this letter Sincerely, Elmer C. Powell Jr. 804 West Colorado Blvd. Dallas, Texas 75208 Ecp.adp@sbcglobal.net Cell: 214 354 2524 Home: 214 946 8295 Cc: Tom Hayden, Jimmy Stathatos, Mark Wood, Bill Reese
Flower Mound, TX (Dallas - Fort Worth Metroplex) Up to 23.65 Acres of Vacant Land For Sale BJ EC T Located Between Lakeside Pkwy. and Spinks Rd., East of FM 2499 SU Spinks Road 499 FM 2 Lakeside Parkway Grapevine Lake SU BJ E C T miles km feet meters 10 4 For More Information Please Contact: RCR Reese Commercial Realty se Commercial Realty Bill Reese J. William (Bill) Reese 972.754.1661 President 54-1661 reeserealty@att.net 720 Rankin Drive -9318 alty@att.net Bedford, TX 76022-7435 Texas Broker License #0281683 1 1
Flower Mound, TX (Dallas - Fort Worth Metroplex) Up to 23.65 Acres of Vacant Land For Sale Located Between Lakeside Pkwy. and Spinks Rd., East of FM 2499 Executive Summary Demographics: (3 miles) Population: 48,477 Projected 5-year Growth: 8.71% Median Household Income: $98,727 Median Housing: $220,938 City of Flower Mound master planned Campus Commercial (currently Agriculture zoning) Locator Map City of Flower Mound water and sewer are located along Lakeside Parkway, a four-lane (planned six-lane) boulevard extending from FM 2499 to SH 121. Dual power service provided by TXU and CoServ; fiber optics to be extended along Lakeside Parkway by multiple providers. This property is located in the center of the Dallas - Fort Worth Metroplex, north of D/FW Airport. Access is from two signalized intersections on FM 2499 with frontage on both Lakeside Pkwy. and Spinks Rd. Home Depot developed an upscale store on part of this tract. Located in the Lakeside Business District, the commercial area that Flower Mound improved with streets and utilities, the site is surrounded by major commercial, mixed-use projects: Lakeside DFW, Lakeside International, Hillwood Development s Lakeside Trade Center and Granite Properties Lakeside Commerce Center. Its central location and close proximity to D/FW Airport and Grapevine Lake make this property ideal for corporate headquarters, flex-office, retail or distribution. For More Information Please Contact: RCR mmerci Bill Reese 972.754.1661 reeserealty@att.net Reese Commercial Realty This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.