Sapphire Bay is a $1 billion mixed-use development located on the shores of Lake Ray Hubbard, south of I-30 at Dalrock Road. Planned features include a lagoon amenity and an island entertainment component with an incredible synchronized water and video show; a Hyatt Destination resort and conference center; and a surf and beach club. Other unique hotels, restaurants and shopping will round out this destination experience. A variety of lake-living opportunities will offer apartments, high-rise condos and single-family living with parks and trail systems to enjoy. Sapphire Bay will become a national destination for conferences, vacationing families, residents looking for a unique place to call home, and businesses who want to locate where their employees can live, work, and play. Sapphire Bay Marina is a full-service, deep-water marina separately owned and operated located adjacent to the development with over 1000 boat slips, a state-of-the-art ship store, fuel pumps and boat rentals.
Update – March 30, 2023
Construction is underway at the southern end of the peninsula for The View multi-family project developed by Zale Properties, with plans to be open for occupancy later this year. K Hovnanian is constructing townhomes along the southwestern shore and with plans to close on some of those home in late spring of 2023. Other approved projects include Bombshells restaurant, Margaritaville resort & additional multi-family to be developed by Floridays. Landscaping plans have been approved that include the installation of a Kite/Surf Park and Community Park as well as a trail along the southern peninsula. Construction for underground electric and fiber are also underway. The City will soon begin construction on a public safety facility to house a fire station and police sub-station within the development.