McKINNEY – New York-based JEN Partners and Dallas-based Oxland Advisors are building almost 3,400 homes in their Painted Tree development.
Phase one will include several hundred homes. Prices for the smallest townhouses will start at just under $300,000.
Between three and five homebuilders are expected to build in the project.
The community will include 200 acres of greenbelt and parkland with 25 miles of trails and a 20-acre lake. There will also be a community swimming pool, play area, food truck area, and outpost amenity.
Construction will start in 2021, once zoning is approved. The first residents will move in by the end of 2022.
JEN purchased the 1,100 acres on US 380 near Lake Forest Dr. earlier this month.
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Source: Dallas Morning News