2GR, Wynne/Jackson JV on McKinney Residential

McKINNEY, TX—Investment firm 2GR Equity said Tuesday it had entered into a joint venture with Dallas-based developer Wynne/Jackson. The newly formed JV has acquired approximately 124 acres in McKinney, which has received preliminary plat approval for development into a maximum of 316 single-family residential lots. The JV plans to develop the property, known as Wilmeth Ridge, in two phases.

Wynne/Jackson began its study of this area in 2013. It identified this particular submarket as appealing for its location in the McKinney ETJ and within Prosper Independent School District, which is ranked seventh among all school districts in the Dallas/Fort Worth Metroplex by Niche Academics.