Friday, July 18, 2014
Large residential tract sells in SW Fort Worth
A Canadian real estate developer and investor has purchased a second large tract of land in southwest Fort Worth.
Walton Group of Cos purchased 286 acres of single-family housing land along the Chisholm Trail Parkway.
The property is planned for 1,100 homes plus apartments and commercial.
“With the newly opened parkway and easy access to downtown Fort Worth, Chisholm Trail Ranch has the potential to become a vibrant master-planned community and Walton’s first development project in Texas,” John Vick, Regional President, said in a statement.
In June Walton bought 1,755 acres in the same area from the Texas General Land Office.
Walton said it is in talks with homebuilders and plans to have the first lots for houses ready by next year.
Walton made its latest purchase from Stratford Land and Legacy Capital.
The company said it now controls more 25,000 acres of land in Ellis, Hunt and Grayson Counties in North Texas, and Hays and Caldwell Counties in Central Texas.
Steve Brown- Dallas News