Oxland Announces Largest Phase One Delivery of Homesites in Dallas-Fort Worth History
DALLAS – (BUSINESS WIRE) – Oxland Group, a Dallas, Fort Worth-based development company, announced today that 1,200 high-quality, well-divided residential lots will be delivered in phase one to Painted Tree in McKinney, Texas. The 1,100-acre gated community, slated to open in 2022, is located north of US Highway 380 near Lake Forest Boulevard.
“This is the largest batch of phase one in the Dallas-Fort Worth area,” said Tom Woliver, Co-President and Founder, Oxland Group. “This delivery will help provide a solution if demand in North Texas exceeds supply at record levels. It will also be a valuable springboard for further development in the north. ”
Painted Tree will have a total of approximately 3,400 residential properties offering single family homes, townhouses and semi-custom homes. An initial list of builders includes Trophy Signature Homes, Normandy Homes, CB Jeni Homes, Tri Pointe Homes, David Weekley Homes, Highland Homes, and Drees Custom Homes.
“We’re excited to bring 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, will five product lines Offering innovative home designs – including some of our best designs from other regions of the US and some new designs for today’s leading suburban home buyer. ”
Painted Tree amenities include 25 miles of winding trails and trails, a 20 acre lake, 11.5 acre trailhead and communal space called “The Outpost,” pools, parks, adventure playgrounds, pump track, and more.
“Well-designed Master Planned Communities (MPCs) that offer a wide range of residential products and world-class amenities have historically been the top performing new residential areas,” says Ted Wilson, Principal at Residential Strategies, Inc. “Buyers should be encouraged by the upcoming Offers at Painted Tree. We assume that the community is one of the most powerful MPCs in the DFW area and that the property values will increase in the long term. ”
Oxland Group is a full-service real estate development and investment company with decades of experience in residential development and land purchase, capital investment, and community development in Texas. The company is funded by JEN Partners, LLC, a New York-based private equity firm whose primary investment platform is residential real estate. Find out more at www.oxlandgroup.com.
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