Trinity Falls to 4,000 families in Collin CountyTrinity Falls to 4,000 families in Collin Countyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=49252014-02-21T11:12:00Z2014-02-17T00:00:00Z

McKINNEY, COLLIN COUNTY - Castle Hill Partners are building a 1,700-acre residential community that will eventually provide housing for more than 4,200 North Texas families. The Trinity Falls community is located at the intersection of FM 543 and CR 228, just west of US 75 near the Collin County town of Melissa.

The property is in the ETJ of McKinney. It will also be in McKinney ISD.

The first phase of the project will include building sites for 238 homes that will start in price at more than $200,000. There will also be a three-acre recreation center, clubhouse and the first section of the new Trinity Falls Park.

David Brown, who heads the Dallas office of housing analyst Metrostudy Inc., said Trinity Falls should find high demand from builders and homebuyers.

“South of there the land and lot costs have gotten so high it’s difficult to build any houses under $300,000,” Brown said. “Where do you go if you have a buyer who wants something starting between $200,000 and $250,000?"

The first home sites are finished and homes will be available later this year. More than 300 acres of parks and green space are planned in the development.

Castle Hill Partners acquired the property for Trinity Falls after the previous owners lost the deal during the recession.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/residential-real-estate/20140212-collin-county-development-will-have-homes-for-more-than-4000-families.eceRead more at {Source}

 Search NewsTalk Texas