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Denton County, Wylie big push to $775M housing constructionDenton County, Wylie big push to $775M housing constructionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=4042015-07-13T11:11:00Z2015-07-13T08:00:00Z

DENTON COUNTY AND WYLIE - Two DFW master-planned communities totaling $775 million at build-out — one in Denton County and another in Wylie — are under construction after two Dallas-based developers have formed a new joint venture, called Allegiant Realty Partners.

The master-planned communities — Bozman Farms and ArrowBrooke — will bring thousands of homes to the region and is part of a larger strategy of the newly formed partnership to quickly expand in the Lone Star state.

Since forming the new venture, the developers have bought more than 2,200 acres of land in North Texas and in the Austin area with plans to develop 5,500 home lots.

The Bozman Farms community — expected to be worth $250 million at build-out —  will get another 800 single-family home lots added to the property in Wylie near Lake Lavon. The community will total nearly 1,300 single-family homes on 600 acres, with about 200 of those single-family lots currently under construction.

The duo also plans to develop 1,750 single-family home lots in the 410-acre ArrowBrooke development in Denton County, which sits near US 380 and FM 1385.

At build-out, the project is expected to be worth $525 million. Allegiant already has more than 300 home sites under construction.

The ArrowBrooke and Bozman Farms community's builders include Beazer Homes, Horizon Homes (a subsidiary of Highland Homes) and History Maker Homes.

The Dallas-Fort Worth master-planned communities will market their homes to residents with prices ranging from $225,000 to $350,000. The communities will also feature amenities such as playground, walking trails and pools.

Click: DFW Market Research, DFW NewsTalk

Dallas Business Journal
Dallas-Fort Worth-Arlington
Housing
http://www.bizjournals.com/dallas/news/2015/07/09/exclusive-dallas-developers-make-big-push-in-dfw.htmlRead more at {Source}

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