What do New Neighborhood Choices mean in Lewisville?In response to shifting demographics trends and market potential, this Big Move concentrates on providing expanded neighborhood choices to make Lewisville the location of choice for all ages and incomes. With limited available land remaining, is it important for Lewisville to focus its residential development to provide a wider variety of choices than what currently exists. This includes housing for:
- Empty nesters seeking to downsize
- Millennials seeking urban, mixed-use residential
- Those seeking more upscale housing
- Expanding housing types for Lewisville including townhouses, condos, and lofts
As depicted in the baseline analysis in Supplemental Appendix A, the dominant majority seeking housing today are not traditional suburban dwellers. Many baby boomers are seeking to downsize to smaller, upscale units. Millennials are seeking urban, transit-oriented housing. Retirees are seeking age-restricted communities. Currently, Lewisville is 52 percent traditional single family housing and 48 percent multi-family. The Market Study showed demand for an additional 5,063 multi-family units. In a majority of comments received by the public, multi-family made sense near the three DCTA rail stations and future efforts should concentrate loft and mixed-use residential choices near DCTA stations.
Many of the homes in Lewisville are traditional single family neighborhoods built in the 1960s-1980s. According to the 2007-2011 American Community Survey, the average home value is $151,000. In addition to traditional single family neighborhoods, Lewisville has 19,387 units of multi-family housing, mostly in garden-style apartments. Since DCTA has completed 05 rail stations, Huffines has developed more transit-oriented units near the Hebron Station, although these units still resemble garden-style apartments in layout. Due to excessive amounts of stand-alone multi-family units, future high-density projects should consider mixed-use forms in order for this Big Move to be successful. The City could explore converting older multi-family developments into higher density mixed-use. In addition, the City should encourage mixed-use residential infill of aging strip centers throughout the City into multi-use facilities that can incorporate work, living, and retail. Urban-style lofts should be encouraged, particularly in the Old Town and focal areas. In order for Lewisville to stay competitive with demographic trends, live-work units, granny flats, retirement communities and different product types should be promoted.Additionally, a strong desire was expressed to build more upscale housing in Lewisville. A huge benefit to the City is the ability to annex Castle Hills. Castle Hills consists of several neighborhoods to the east with average prices ranging from $150,000 to $400,000. Annexation of these neighborhoods would automatically achieve part of the desired result for additional neighborhood choices within Lewisville.