New McKinney residential local community will have 1,200 houses in initial phase

Builders of one of Collin County’s latest residential communities prepare to make web-sites for 1,200 residences in the very first stage.

The 1,100-acre Painted Tree local community is beneath development north of U.S. Freeway 380 in McKinney.

In early 2020, New York-primarily based JEN Partners and Dallas’ Oxland Advisors bought the land for the massive advancement from Brinkmann Ranches.

Strategies for the project phone for 3,400 houses furthermore miles of paths and trails, pools and playgrounds. The first sections of Painted Tree will open following yr.

“This is the most significant very first section supply of a lot in the Dallas-Fort Truly worth area,” Tom Woliver, co-president and founder of Oxland Team, claimed in a statement. “This shipping will help present a option when demand is outpacing provide at report stages in North Texas. It will also provide as a precious stepping stone for further more development north.”

Oxland Group has previously contracted to offer property sites to builders which include Trophy Signature Homes, Normandy Homes, CB Jeni Homes, Tri Pointe Residences, David Weekley Houses, Highland Households and Drees Custom made Homes.

The residences prepared in Painted Tree will get started close to $300,000.

“Buyers ought to be encouraged by the forthcoming choices at Painted Tree,” reported Ted Wilson, principal at Dallas-based housing analyst Household Techniques Inc. “We anticipate the group to be one particular of the top-executing learn-planned communities in the D-FW space, and one that will see prolonged-phrase advancement in housing values.”

Demand from customers for new households in the D-FW space has soared this 12 months due to the fact of a deficiency of pre-owned residences on the industry.

North Texas household starts had been up additional than 40{510c6b06a53e24176caee9b130b3301c5afab9f9a4b8c954c417887f163b6611} in the 1st quarter from 2020 stages, in accordance to Household Approaches.