Tuesday, August 16, 2016

729-acre residential development planned for East Frisco

A 729-acre master-planned community is in the works on the east side of Frisco on property owned by the Gartner family.
American Newland Communities and North America Sekisui House, also called NASH, announced June 15 the acquisition of the land in a joint venture to develop single-family and multifamily housing, office space and retail space. The development will stretch from north of Main Street to Rolater Road and from Independence Parkway to Custer Road. The property, owned by one of the largest land owners in Frisco, covers more land than all of the $5 Billion Mile developments combined. Construction is expected to begin later this year with a grand opening slated for 2018. When complete, the community is expected to include approximately 1,800 single-family homes and up to 1,400 apartment units. Newland and NASH are also developing Hollyhock, and 20-acre residential community off of Teel Parkway and south of US 380.

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