A venture of Louisville, Colorado-based Real Capital Solutions and Texas-based Realty Capital has started construction on a luxury Mediterranean-styled condominium tower along Lake Grapevine in Flower Mound, Texas, near Dallas-Fort Worth.

The long-awaited 16-story, 48-unit building is part of a $1 billion mixed-use development.

Yates Construction is the general contractor of The Lakeside Tower, which has been planed for more than two years.

In all, the condo tower will bring about 226,000 square feet of living space to Flower Mound, with a three-story enclosed parking garage and four 3,000-square-foot bungalows on the perimeter of the high-rise building.

Each condo unit will have high-end finishes with expansive balconies and nesting glass doors. It is expected to rival prominent condo towers in Uptown and downtown Dallas, development officials say.

About 60 percent of the condo tower is pre-sold to homebuyers. Construction is slated for completion in July 2018.

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