DFW Land

10/30/2024

09/18/2024

One of Dallas-Fort Worth’s largest homebuilders has acquired more than 550 acres northwest of Celina with plans to build over 2,000 new homes.
Plano’s Green Brick Partners purchased 557 acres along FM 1385 in Pilot Point and plans to bring 2,200 homes to the northern Denton County site, said Jed Dolson, the firm’s president and chief operating officer.

The purchase price and other terms of the transaction were not disclosed. Land preparation work will begin in November. Construction on the first homes is slated to start in mid-2026, Dolson said.
Trophy Signature Homes, a Green Brick Partners subsidiary, will be the development’s primary homebuilder. The community will also feature homes from one or two other builders. Price ranges will be determined at a later date, Dolson said.
“As prices have appreciated in Celina, we believe Pilot Point is the next community that will benefit from the continued growth along the northern tollway,” he said.

Dolson and Bobby Samuel, Green Brick Partners’ national vice president of land, led negotiations for the acquisition. The property was acquired from a partnership led by DFW Land and Vijay Borra. Frisco-based REX Real Estate’s Caleb Lavey and Rex Glendenning represented both parties.
Green Brick Partners is the third-largest homebuilder in Dallas-Fort Worth, and the firm has multiple communities in Celina. Plans for its sixth Celina neighborhood, Rainwater Crossing, were approved in August 2023. The development will span more than 550 acres and feature over 1,900 home sites east of Preston Road near County Road 134.
Green Brick Partners also purchased 400 acres in northeast Celina earlier this year for Seven Springs, a planned 1,300-home development, Dolson said.

The project comes as the area’s population booms. Between July 2022 and July 2023, Celina was America’s fast-growing city among those with a population of at least 20,000, according to U.S. Census Bureau estimates.
Celina’s population grew by an estimated 26.6% over that period — more than 53 times higher than the nation’s growth rate.
“We see the area west of Celina and east of Pilot Point as a natural extension to the rapid single-family development that this area has experienced. Pilot Point is well positioned for exponential growth over the coming years,” Lavey said in a statement.

One of Dallas-Fort Worth’s largest homebuilders has acquired more than 550 acres northwest of Celina with plans to build over 2,000 new homes. Plano’s Green Brick Partners purchased 557 acres along FM 1385 in Pilot Point and plans to bring 2,200 homes to the northern Denton County site, said Jed...

07/07/2024

05/26/2023

1. Texas is the Homebuilding Leader Nationally in Annual Starts. Dallas ( #1), Houston ( #3), Austin ( #6) and San Antonio ( #7). Total for the 4 markets is 111,039 starts!
2. Dallas employment growth is strongly Positive across all employment sectors,
3. Closings exceeded Starts for the 2nd consecutive quarter.
4. Contract sales are stabilizing post 4Q22.
5. Annual New home starts below $35k are declining, while homes in the $500k-$749k is the most active in the market.

Heat Map of New Home Starts: Red pins=>100; Orange pins=

12/25/2022

Merry Christmas we wish you and your family health, happiness, peace, and prosperity.

10/16/2018

Top 10 Dallas-Fort Worth locations primed for Amazon HQ2

Each day that passes is another day closer to learning where Amazon will plant its second headquarters — a 50,000 job, $5 billion mega-project for which 20 North American metro areas are competing.

If the e-commerce and technology giant picks the Dallas-Fort Worth area, the decision making won't stop there.

The North Texas proposal for HQ2 — compiled by the Dallas Regional Chamber of Commerce — has not been released for the public to see how many sites were pitched to Seattle-based Amazon (Nasdaq: AMZN). But cities and developers with projects across North Texas pitched more than three dozen sites to the chamber.

In addition to Dallas, Fort Worth, Frisco, Allen, Plano, Irving, Richardson, Denton, Carrollton and Westlake are among roughly a dozen North Texas cities believed to be represented in the DFW packet sent to Amazon.

For the Dallas Business Journal’s list of the Top 10 sites primed for Amazon HQ2, check out the accompanying gallery.

Sites in downtown Dallas seemed to be the frontrunners when Amazon visited in February, sources familiar with the search said.

If HQ2 heads downtown, Amazon could anchor the proposed bullet train station, go into one or more of the city's existing skyscrapers, be part of Victory Park or Trinity Groves, or anchor a redevelopment planned for the area surrounding Fair Park, among other choices.

Stuart Fitts, co-founder and managing partner of Trinity Groves on the west side of downtown Dallas, is one of the majority of developers and public officials familiar with the project. Fitts thinks HQ2 will land in Dallas, in part because the city is the population center of the region.

Perhaps not surprisingly, Fitts thinks the restaurant incubator-anchored development he started with famed restauranteur and entrepreneur Phil Romano matches up well with Amazon’s needs.

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"If North Texas is chosen for Amazon HQ2, I expect it to be the urban core, including sites in Trinity Groves, Victory (Park) or the Reunion (District),” Fitts said.

“Amazon has said they want easy access to DFW International Airport and Love Field, the greater DFW area, public transit and employee housing,” Fitts added. “The urban core offers Amazon exactly what they are looking for."

If Amazon comes to North Texas, “it will be Dallas” as opposed to the suburbs, Tom Leppert, a businessman and former Dallas mayor, told the Dallas Business Journal in a recent interview.

“I know when they were here, they expressed a desire to be in the core,” Leppert added.

But Leppert said he doesn’t know which site in Dallas the company might favor.

Real estate developer and investor Ross Perot Jr. said he thinks Dallas-Fort Worth has a solid chance to win Amazon’s second headquarters. He put the Northern Virginia-Washington D.C. area, along with Atlanta and Dallas-Fort Worth, at the top of his list for Amazon’s HQ2 pick.

Perot and his Hillwood real estate development company are pitching sites for Amazon's HQ2 in Dallas' Victory Park and in Alliance, a giant development north of Fort Worth.

“I think Dallas has got as good a chance as anywhere in the country,” he said. “When you go through all of the numbers, all the reasons that companies move here and people move here, we are very, very attractive.”

07/31/2017

The hotel has 24,000 square feet of meeting space, including a 13,000-square-foot ballroom and includes Neighborhood Services from chef Nick Badovinus.

07/31/2017

He's tackled everything from downtown office towers to suburban shopping malls.

07/31/2017

Two of the new corporate campuses for financial services firms aren't in Plano or Frisco -- they are under construction in Northeast Tarrant County.