Dallas-Fort Worth Real Estate Investor Club

Article: Homebuilders to begin 2,000-home community near Lake Lewisville

  • 09 Apr 2015 6:53 PM
    Message # 3290768

    Homebuilders to begin 2,000-home community near Lake Lewisville

    Apr 8, 2015 - Dallas Business Journal

    A group of homebuilders are beginning work on a project slated to bring about 2,000 homes to a 500-acre development along Lake Lewisville in Denton County, which is being developed by Charlotte-based Crescent Communities in partnership with Taylor Duncan Interests.

    The builders — K Hovnanian Homes, Highland Homes and MHI McGuyer Homebuilders — expect to soon begin construction on the model homes of the community, called Wildridge, with the first models completed by June.

    The homes will range in price from the $300,000s to the $500,000s. The homes will range from 1,800 square feet to 4,800 square feet of living space.

    "These top-notch builders are bringing a wide selection of homes to Wildridge that will assist in realizing the aesthetic vision for the community, enhancing the property's character and the residents' quality of life by preserving the natural environment," said Steve Yetts, a senior vice president at Crescent Communities, who is overseeing the master-planned community.

    Wildridge will include a community center with a pool, parks, walking trails, natural ponds and other amenities for residents. The community is located near Oak Point Elementary School, which opened in 2008.

    North Texas' residential market has been hot as thousands of jobs are brought to the region through company expansion or relocation. This spring's rainy weather has caused a little bit of delay in construction, but that hasn't stopped the demand for homes.

  • 09 Apr 2015 6:58 PM
    Reply # 3290772 on 3290768

    This is another example of a trend we are seeing:  new construction-related supply increase is mostly in the $300-500k category, so supply remains tight for lower-priced properties.

    ---if you find these articles helpful you can connect with me on LinkedIn (occupation:  Reservoir Engineer) where I aggregate news related to real estate, oil and gas, and various other things that seem useful.  Check my page once in a while if you like.

    Last modified: 09 Apr 2015 7:11 PM | Jesus Galaviz
  • 22 Apr 2015 2:46 AM
    Reply # 3311990 on 3290768



    I live down the road from there. Didn't know it was going to be that huge. Traffic is gonna be a nightmare. There's currently only a 2 lane road that feeds the area and there's already a ton of new builds in the area. 

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