Friday, October 31, 2014

Big I-20 project would include apartments and houses plus commercial buildings

The property on I-20 is one of the largest development sites in southwest Dallas. (Courtland)
The largest remaining development tract in the huge Mountain Creek project in southwest Dallas is being planned for apartments, homes and commercial space.
Courtland Development has filed zoning plans for the more than 500 acres of undeveloped land at the northwest corner of Interstate 20 and Spur 408.
The hilly property would be used for hundreds of apartments and homes plus retail and office space.
Courtland Development’s Jon Napper said he’s already talking to two or three apartment builders who want to develop on the property.
“It’s the last undeveloped intersection on Interstate 30,” Napper said. “It very well could be the most beautiful piece of property in Dallas.
And it’s one of the largest such development sites in southwest Dallas.
Located at the bottom of the Austin Chalk escarpment, the heavily treed land is cut by creeks and canyons.
“I’m donating 105 acres of the property as a conservation easement,” to protect the escarpment area, Napper said. “We’ve built Merrifield Road to the east to access what we view as very good multifamily housing sites.”
Napper said he’s working on plans for a shopping center that would be constructed as part of the development.
“There are almost 1,600 people already working at Mountain Creek,” he said. “We have 159,000 cars a day that come down Interstate 20.”
Part of the new development area would also be set aside for a neighborhood of large, estate homes.
“We are planning a more exclusive gated community,” Napper said.
The vacant property Courtland is planning is already zoned for extensive, mixed-use developments.
The property was originally part of the almost 2,500-acre Mountain Creek mixed-use project, which was announced in 1983.
Mountain Creek was planned as a mixed-use development with 25,000 homes and commercial buildings. Lenders who provided more than $125 million in loans on the property foreclosed on the land in 1989.
It was split up into several owners and has been developed over the years.
Courtland Development is building the 450-acre Mountain Creek Business Park, which is located on Mountain Creek Parkway just north of I-20. Several large industrial buildings are currently under construction in the project.