DALLAS – The Dallas Morning News recently reported a $1.3 billion property investment in the McKinney, TX region. This deal will result in a new retail development and 4,000 new homes.
Johnson Development and Tricon Capital move in on the Trinity Falls project.
The Trinity Falls site was established near Highway 75 in 2014. The Trinity Falls project is a 1,700 acre stretch of land that has been reserved for the development of new homes and a selection of new retail buildings.
Since the opening of the project, 700 homesites have been created by builders and around 300 complete homes have been constructed. This development looks set to accelerate now that Johnson Development Corporation and Tricon Capital have spent $1.3 billion buying up undeveloped sections of the site.
Homes, resorts and parks.
The ultimate objective for the Trinity Falls project is for it to comprise a selection of homes for single families – starting at around $250,000 – as well as pools, parks, wide green communal spaces and shops.
Trinity Falls already has the feel of a luxury, contemporary development. Currently, there are several homes occupied on the site. There is also a clubhouse, a pool and parks that run alongside the Trinity River.
This current level of home development and home buying has made Trinity Falls on of the top 10 most active communities in the Dallas region. It looks like the recent billion dollar investment is going to quickly stimulate further activity on the project.
An award winning developer.
Johnson Development Corp is already a well-known name in Texas. This firm is responsible for several high profile developments across Texas and Georgia. In Houston, it is responsible for the Harvest Green Farm project as well as the Willow Creek Farm project and the Cross Creek Ranch development project.