New McKinney household neighborhood will have 1,200 residences in 1st period

Developers of just one of Collin County’s latest household communities plan to create web-sites for…

Developers of just one of Collin County’s latest household communities plan to create web-sites for 1,200 properties in the initial stage.

The 1,100-acre Painted Tree neighborhood is under development north of U.S. Highway 380 in McKinney.

In early 2020, New York-primarily based JEN Partners and Dallas’ Oxland Advisors purchased the land for the big development from Brinkmann Ranches.

Strategies for the undertaking call for 3,400 households additionally miles of paths and trails, swimming pools and playgrounds. The 1st sections of Painted Tree will open up coming 12 months.

“This is the premier first section shipping and delivery of loads in the Dallas-Fort Value spot,” Tom Woliver, co-president and founder of Oxland Group, said in a statement. “This shipping will support provide a resolution when desire is outpacing source at document levels in North Texas. It will also serve as a worthwhile stepping stone for even more development north.”

Oxland Team has currently contracted to provide residence web sites to builders which includes Trophy Signature Households, Normandy Houses, CB Jeni Homes, Tri Pointe Properties, David Weekley Properties, Highland Households and Drees Personalized Homes.

The properties planned in Painted Tree will start in close proximity to $300,000.

“Buyers should really be encouraged by the forthcoming offerings at Painted Tree,” said Ted Wilson, principal at Dallas-centered housing analyst Household Strategies Inc. “We foresee the community to be one of the prime-doing master-planned communities in the D-FW space, and just one that will see extended-term growth in housing values.”

Need for new homes in the D-FW space has soared this year for the reason that of a absence of pre-owned homes on the industry.

North Texas household begins were being up additional than 40{6557c92bab376e861f4db2362dd750ed9808ade9f2baf81ac39a444313a64dce} in the initial quarter from 2020 stages, according to Household Techniques.