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.”