Builders of just one of Collin County’s most recent household communities strategy to make sites for 1,200 properties in the first section.
The 1,100-acre Painted Tree group is under construction north of U.S. Freeway 380 in McKinney.
In early 2020, New York-dependent JEN Associates and Dallas’ Oxland Advisors acquired the land for the substantial progress from Brinkmann Ranches.
Programs for the challenge simply call for 3,400 houses additionally miles of paths and trails, pools and playgrounds. The first sections of Painted Tree will open subsequent calendar year.
“This is the greatest very first section delivery of tons in the Dallas-Fort Value region,” Tom Woliver, co-president and founder of Oxland Group, claimed in a statement. “This shipping and delivery will assist supply a resolution when need is outpacing provide at file ranges in North Texas. It will also provide as a precious stepping stone for more advancement north.”
Oxland Team has previously contracted to market home web sites to builders which include Trophy Signature Households, Normandy Homes, CB Jeni Homes, Tri Pointe Houses, David Weekley Houses, Highland Residences and Drees Custom Properties.
The properties planned in Painted Tree will start in close proximity to $300,000.
“Buyers should be inspired by the forthcoming offerings at Painted Tree,” claimed Ted Wilson, principal at Dallas-dependent housing analyst Residential Tactics Inc. “We foresee the group to be a single of the best-carrying out learn-prepared communities in the D-FW spot, and just one that will see lengthy-time period growth in housing values.”
Demand from customers for new houses in the D-FW spot has soared this 12 months since of a lack of pre-owned residences on the marketplace.
North Texas dwelling begins were being up more than 40% in the initial quarter from 2020 stages, in accordance to Residential Tactics.