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Monday, October 20, 2014
Oklahoma developer plans projects in McKinney and Frisco
One of WholeLife's planned homes.(WholeLife)
An Oklahoma company said Wednesday that it plans to build two new communities in the Dallas area.
The planned communities in McKinney and Frisco will provide health and fitness services to their residents in multifamily and single-family homes.
WholeLife Cos said its 7-acre WholeLife Craig Ranch project will have 176 units in 11, 5-story buildings in the 6000 block of Alma Road in McKinney.
The rental homes in the $80 million project will average 1,800 square feet.
In Frisco WholeLife said it will build 176 individual bungalows in two phases on 122 acres. The $70 million project is located southwest of Witt and King roads.
Each of the new communities includes a central club building for gatherings and events, a state-of-the-art fitness center, pool, game room and community services. There will also be an on-site medical facility – all included in monthly rental fees.
Oklahoma City-based WholeLife said it plans to finance the two North Texas communities and one planned in San Antonio with $212 million tax-exempt bonds.