Drees Custom Homes is one of the builders who come to Painted Tree. (Courtesy of the Oxland Group)
Development company Oxland Group announced on June 30th that 1,200 houses will be delivered in the first phase of the Painted Tree community.
Painted Tree extends 1,100 acres north of US 380 near Lake Forest Drive and will include 3,400 homes ranging from single family homes to townhouses to semi-custom homes.
“This is the largest batch of batches in the Dallas-Fort Worth area,” said Tom Woliver, Co-President and Founder of Oxland Group, in the news release. “This delivery will help provide a solution if demand in North Texas exceeds supply at record levels. It will also serve as a valuable springboard for further development in the north. “
Painted Tree amenities include 40 miles (40 km) of winding trails and trails, a 20 acre lake, 11.5 acre trailhead, and shared space called “The Outpost,” pools, parks, adventure playgrounds, pump track, and more specified.
“We are excited to offer our customers a world-class lifestyle experience at Painted Tree, which will be one of our flagship communities in North Texas,” said Sean Ricks, division president at Tri Pointe Homes, one of the largest home builders in the US of the release.
“Well-designed, masterplan-planned communities that offer a wide range of residential products and world-class amenities have been the top performing new residential areas in the past,” added Ted Wilson, director of Residential Strategies, Inc. in the press release. “Buyers should be encouraged by the upcoming Painted Tree deals. We expect the community to be among the best performing [master-planned communities] in the DFW area, and one that will see a long-term increase in residential values. “
Painted Tree is slated to open in McKinney in 2022.
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