Residential developers are having a free-for-all in McKinney.
McKinney, about 30 minutes north of downtown Dallas is one of the metroplex’s most popular submarkets and currently ranks as Collin County’s third-largest city, after Plano and Frisco. McKinney was the nation’s fastest-growing city from 2000 to 2003 and again in 2006, among cities with more than 50,000 people, according to the U.S. Census Bureau.
Just within the last month, three new single-family communities are now underway inside McKinney city limits, totalling 1,170 new homes.
Starting with the biggest: Hines International’s Aster Park made major headway in May as the McKinney City Council approved a specific-use permit to allow for four independent private-street subdivisions within the community. The 1,100-home luxury community was announced in January and will include a state-of-the-art clubhouse and resort-style pool. Construction on the homes is expected to begin this year, with sales to begin in 2023.
Trinity Falls, a 450-home master-planned community by Johnson Development, is expected to have 200 homes available by the summer with the other half to be delivered in the fall. The homes will range in price between the mid-$300,000s to the high $900,000s and will likely be age restricted for “active adults age 55 and older,” according to Community Impact.
Lastly, on Tuesday, a groundbreaking was announced for a 20-home community in downtown McKinney on College Street. The aptly named College Street community will offer 20 homes between 2,300-4,500 square feet, starting at $685,000. Behind the luxury development is homebuilder Olivia Clarke Homes in partnership with developer Rockhill Capital & Investments.
“Homebuyers have an appreciation and appetite for historical architecture, and we are carefully designing and building homes with charming, nostalgic details and smart finishes they will love for years to come,” Jennifer Johnson Clarke, founder and president of Olivia Clarke Homes, said in the Tuesday announcement.
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