Georgia-based Davis Development will construct 600 apartment units at Painted Tree in McKinney, making the master-planned community one of the most diverse in North Texas when it comes to housing options.
“The inclusion of multifamily housing at Painted Tree allows us to offer a broad range of home options that best accommodate what our residents are looking for in North Texas,” Tom Woliver, co-president and founder of Oxland Group said.
One of Collin County’s biggest new residential communities, the 1,100-acre Painted Tree development in McKinney, is getting a major apartment project.
Painted Tree developer Oxland Group has done a deal with Atlanta-based builder Davis Development for a 600-unit luxury rental community planned to open in phases starting next year. Plans for the new rental community include a clubhouse featuring lounge areas, a two-story fitness center, a golf simulator, a pet spa, a movie theater and a conference room and private offices.
Avanta Residential and Curve Development announce plans to build single-family rental home neighborhoods within Painted Tree. Curve Development will be introducing Cyrene at Painted Tree, which will offer 304 single- and two-story home designs and a mix of three- and four-bedroom plans featuring modern farmhouse-style elevations. Each home is planned with a two-car garage and fully-fenced backyard. Avanta plans to build 276 rental homes and townhomes along with a clubroom, fitness center, swimming pool and other outdoor spaces for these residents to enjoy.
To learn more about Avanta Residential’s plans – Denver builder targets McKinney community for new rental home project (dallasnews.com)
To learn more about Curve Development’s plans – Cyrene at Painted Tree – Curve Development
With major projects announced in Fort Worth and McKinney in the past couple of weeks, Plano-based residential developer and builder Green Brick Partners is grabbing its share of the fast-growing North Texas new home market.
Green Brick will sell its Trophy Signature line at a large, new residential community in McKinney scheduled to launch next year north of U.S. Highway 380 near Lake Forest Boulevard. Green Brick has committed to 570 homesites at that community, called Painted Tree, and hopes to buy enough lots to build about twice that number, said Jed Dolson, chief operating officer for Green Brick Partners.
How much demand are you seeing for homes in the McKinney area, where Painted Tree will be?
Dolson replied “We are seeing very, very strong demand for anything under $400,000 right now. South of (Highway) 380, McKinney is almost completely built out now. So the natural progression is to move north of 380. This is a site where the sellers didn’t want to sell for a long time and now it’s been sold. We’re looking forward to it because it’s a lot closer-in than some of our other projects where we’re seeing really strong demand. We think people will want to live closer in and be closer to the amenities — all the shopping and the neighborhood services that this site has.”
A new community on more than 1,000 acres with 3,400 residences is being developed in McKinney.
Painted Tree will be located north of US 380 near Lake Forest Boulevard, offering houses ranging from detached townhomes and cottages to larger family homes and luxury estates. Oxland Advisors, a Dallas-based development and consulting firm, will develop the community.
“With anything this size, you want to provide homes that fit different demographics, different life stages, different price points,” Oxland founder Tom Woliver said.
“That’s what makes a good community,” Woliver said. “A community shouldn’t be exclusive to one. It needs to be inclusive to all. Really the only way to get through 1,100 acres is to have variety. So you need to have a little bit of something for everyone.”
A New York-based community builder and investor has purchased a huge McKinney development site.
JEN Partners has acquired more than 1,100 acres north of U.S. Highway 380 near Lake Forest Boulevard.
The property is one of the largest undeveloped tracts of land in that area of Collin County and is one of the biggest suburban land sales in North Texas this year.
JEN Partners purchased the big residential site from Brinkmann Ranches of Collin County, the longtime owner of the land.
Previous development plans for the property called for more than 3,000 homes.