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Dallas Speculation Sends Developers East

FORNEY, TX-Forney, 20 miles east of the Dallas CBD, is home to the next building craze. One developer has just bought 280 acres for a mixed-use project. This week, another one will close on 102 acres. And, a Wal-Mart builder reportedly has dibs on 99 acres.

By Connie Gore | Updated on December 15, 2002

FORNEY, TX-A corridor, long overdue for development, is getting its place in the Texas sun as developers and land speculators hone in on the vast tracts to be found in and around the City of Forney, about 20 miles east of the Dallas CBD.

One developer has just closed on 280 acres for a mixed-use project while another is set to buy an assembly of 102 acres, part of it targeted for retail. Another 99 acres is under contract, reportedly to a Wal-Mart developer. All the land is in and around a highway project that will loop and extend US Highway 80 to provide a north-south route to alleviate some of the clogged arteries for a metroplex predicted to add another million people in the next few years.

The Kaufman County dirt isn’t coming dirt cheap, as one might expect. The raw land is fetching $28,000 to $35,000 per acre for one-acre, single family-home tracts, says Wayne D. Robinson of Dallas’ Henry S. Miller Commercial, who deals practically daily with city officials and farmers now looking to cash in on acreage most often part of the family since the turn of the century.

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