Rockwall’s lakeside Harbor development sells to Dallas investor

By Steve Brown and the Dallas Morning Newsscreen-shot-2017-01-06-at-8-27-06-am

One of Rockwall’s highest-profile developments has been purchased by a Dallas-based investment and development group.

PegasusAblon has bought The Harbor development on Lake Ray Hubbard with plans to upgrade the property.

PegasusAblon acquired the 130,000-square-foot retail and restaurant portion of The Harbor and land for additional construction.

“The Harbor is one of the few outstanding lakefront properties within a quick 30-minute drive from most of D-FW,” said PegasusAblon principal Michael Ablon. “We intend to infuse life and activity into this outstanding Rockwall centerpiece on Lake Ray Hubbard.

“We want to update and refresh the project and bring a set of local restaurateurs.”

PegasusAblon bought The Harbor from a lender. Terms of the transaction were not disclosed. Read More >