Wednesday, July 30, 2014

Beazer, Ashton Woods hired to build $1B community in McKinney

Beazer model 1 sm

Austin-based private investment firm Castle Hill Partners has selected its builders for the initial phase of Trinity Falls, a $1 billion, 1,700-acre master-planned community in McKinney near North Central Expressway and U.S. 380.

The development will bring about 4,200 homes to McKinney, which is one of the largest residential projects under construction in Dallas-Fort Worth. Trinity Falls will include 300 acres of open space along the east fork of the Trinity River.

Castle Hill Partners named Beazer Homes and Ashton Woods as the builders for the first phase of the project.

Both builders are recognized for quality and energy efficient homes, which were important to the developer, said Leisha Ehlert, investment manager for Castle Hills Partners, which is the master developer for the community.

The 238 single-family homes in the first phase are priced from the $200,000s. The community includes a residents-only clubhouse, open air pavilion with fireplace, and event lawn.

Trinity Falls will include over 450 acres of open space, with an extensive park system. The Trinity Falls Park is back by an $11 million endowment from the B.B. Owen Trust.

The development also includes plans for up to three McKinney Independent School District elementary schools. At full build-out, Trinity Falls will include about 4,200 homes.

By: Candace Evans