North Forth Worth has been one of the fastest growing parts of DFW in recent years and a massive new residential development that’s being planned should keep that trend moving in the same direction for the foreseeable future.
According to reports, Dallas-based PMB Capital Investments has purchased more than 3,400 acres of land for a 10,000 home development, which will be located near where State Highway 114 and U.S. 287 intersect.
As noted by the Dallas Morning News, the estimated cost of the development is more than $3.5 million, and when finished, it’ll be one of the largest residential communities in the region.
Right now, developers are still working with local officials on entitlements and infrastructure for the development but the current plan is for homes to price between $200,000 and $500,000, while 800 acres of the development site will also be set aside for open green space and a trail system around existing lakes, creeks, and other natural surroundings.
Construction for the first phase is also expected to start sometime in 2020.