New construction inventory in the DFW suburbs could get a substantial boost in the near future as reports are surfacing about a major mixed-use development possibly coming to a 729-acre site in Frisco.
A joint venture between California-based American Newland Communities LP and Japan-based North America Sekisui House LLC, the project could brings as many as 3,200 single-family homes and apartments by the time it’s finished, not to mention additional retail and office space as well.
As reported by the Dallas Business Journal, initial plans reveal developers wanting to build out 1,800 single-family homes and up to 1,400 apartment residences, however it’s still unclear how much retail and office space would be included in the project.
The building site lies just south of Main Street between Independence Parkway and Custer Road, which is only about 30 miles north of Dallas. Both partners plan to act quickly, as construction is already set to begin by the end of the year. If all goes according to plan, the first 253 home lots could be available to area home builders early next year and homes could hit the market sometime in 2018.
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