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2,000-Acre Viridian community in Arlington sold2,000-Acre Viridian community in Arlington soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=2872015-07-23T07:28:00Z2015-07-23T10:00:00Z

ARLINGTON - The Viridian community, one of North Texas’ largest residential developments, has a new owner.

The Johnson Development Corp. and Tricon Capital Group Inc. have purchased the 2,083-acre Viridian community in Arlington.

The community — located just west of SH 360 along the Trinity River — was acquired from a company controlled by CrossHarbor Capital Partners of Boston.

Viridian was started in 2011 and is expected total $1.5 billion in value at completion.

About 1,000 home lots in Viridian have been contracted for sale to ten home builders. About 700 lot sales have already closed.

Development plans for Viridian include the addition of a 10,000-sf event center, swimming pool, event lawn, two tennis courts and a basketball court in the second phase.

Viridian has 500 acres of parks, recreational areas, trails and open spaces with another 600 acres of lakes and water features. The community also has about 20 miles of paved trails.

New homes at Viridian start at more than $200,000.

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Dallas Morning News
Dallas-Fort Worth-Arlington
Housing
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