US 380 at Old North Road (land), Denton, TX 76209

MULTIFAMILY ON BACK SIDE OF PROPERTY IS SOLD

COMMERCIAL FRONTAGE REMAINING - THIS PORTION IS THE SALE

PRELIM PLAT COMPLETED. ALL UTILLITIES. ALL ENTITLEMENTS. PAD READY.

Completed or finalizing right now:

• Multifamily SOLD AND UNDER CONSTRUCTION - 277 units

• Multifamily will be conducting improvements on the commercial tract to include firelanes, driveway permits, utilities, etc.,

• All buildings on the commercial tract are designed and approved for prelim plat by City (awaiting buyer to submit final plat)

• Traffic Impact Analysis (TIA) city approved

• Site work plans for curb cuts (4 total) city approved

• Reciprocal access agreement / common area maintenance agreements approved with MF

• Written design development guidelines completed

• Written covenants conditions and restrictions completed

• Survey ALTA completed

• Topographic survey completed

• Tree inventory by Arborist completed

• Environmental phase-1 completed (clean)

• Preliminary plat complete

• Final plat to be submitted by buyer

• Zoning for commercial uses completed

• Utility improvements on site (water, sewer, storm, internet, gas) completed and being upgraded by MF

• Site work leveling complete

• Ag exemptions in place with low property tax and low assessments protected

• Seller financing is available

Sereno is an urban infill, 18-acre mixed-use development located in Denton, Texas. This project includes approximately 37,000 square feet of upscale shop space / fine dining establishments/ office, and 277 Class-A residential units. Sereno also includes several on-site amenities such as retail, waterfront and outdoor dining, splash fountains, public art, dog-friendly parks, office and financial uses, and much more. Denton is located 41 minutes north of Fort Worth and 44 minutes northwest of Dallas. There are only three major arterials through the City of Denton: Interstate 35, Loop 288 and US 380. Within the Loop along US 380, there are only 10 signalized crossroads; few of these are major intersections. Sereno is located at the first signalized interchange just inside the 288 Loop at the northwest corner of US 380 at Old North. Sereno is located within one mile of Texas Women’s University and within three miles of The University of North Texas. Sereno is one of the last remaining undeveloped tracts of land on the US 380 corridor inside the Loop. Three miles east of Sereno is Lake Lewisville; a natural barrier that segments the trade area. This area’s concentration of government, corporate and university employment creates ample opportunity for retailers to capture both daytime and evening sales. According to Denton Economic Development, the City’s 10 largest public employers, 20 largest private employers, and 2 universities, represent a workforce of 26,000 people within the immediate area of Sereno. Sereno fills a retail-restaurant gap with a trade area that extends three miles north and east up to the Trinity Elm Fork and 1.5 miles south and west. Sereno will serve residents of Texas Women’s University and the 10,000 population within one mile of this site who live among the new and existing subdivisions. North Loop 288’s access limitations and the absence of regional intersections east of this property create high barriers to entry for this section of the City. The retail void in east Denton is attributable to flood plain; absent service roads; divided medians; overpass barriers; and parceled development, all of which encumber several nearby properties. Sereno is a master planned, deed restricted property that fills this retail gap for east Denton. This development includes a half-acre lake that will serve as an iconic focal point for the area. Only four waterfront restaurant opportunities are available that will offer diverse cuisines and unique ambiances. These restaurants not only offer one-of-a-kind waterfront views, but also provide a 270-degree panorama to cascading water features from enclosable decks that extend OVER the water. Each restaurant and shop space maintains unobstructed visibility to over 27,000 cars that pass by this site daily along US 380’s six-lane thoroughfare. Along this site’s half-mile frontage, there is a full median opening providing unimpeded access into the development. This is one, if not the only, ag exempt property on US 380 inside Loop 288. The property is zoned PD (SC retail base zoning), with existing entitlements. This site is ideal for banks or fuel operations, consumer services and goods, and restaurants. Multi-tenant retail space and restaurant sites are currently preleasing with construction to commence soon. Optionally, the 8.235 acres can be acquired in its entirety with contract assignments. For more information, contact Stephen Schattner. 972.385.1907 ext 301