Master-Planned Community is Shovel Ready

An aerial shows the acreage for the future master-planned development in Frisco.

FRISCO, TX—Land totaling 729 acres has been acquired for a future master-planned community. The property is located north of the Sam Rayburn Tollway about 30 miles north of downtown Dallas and about five miles east of the Dallas North Tollway. When fully complete, the community is planned to include approximately 1,800 single-family homes and up to 1,400 apartment units along with retail and office space. Construction will begin later this year, with plans to make the first 253 home sites available for purchase by builders in 2017 and a grand opening in 2018. American Newland Communities LP and its joint venture partner North America Sekisui House LLC (NASH) have successfully completed a due-diligence period with the previous landowners and closed on the purchase earlier this month. “We are excited to announce the acquisition of this prime parcel of land in Frisco, and are dedicated to creating a thoughtfully designed community that provides a positive lifestyle for our residents and the city of Frisco,” said Brian Cramer , senior vice president, Newland Communities . “Our goal is to help satisfy the exceptional market demand for homes that is being spurred by companies relocating or expanding in the region, and the timing of this new community will be able to meet that market demand.” This new Frisco community is owned in a joint venture between North America Sekisui House, the US business unit and full subsidiary of Sekisui House Ltd , Japan’s largest homebuilder and leading diversified developer, and American Newland Communities, with its development business, Newland Communities as the master developer of the community. It is one of more than 30 assets the NASH-Newland partnership owns or manages together, in 11 states across the country, and now one of three within the Dallas market. Cramer tells GlobeSt.com: “We will give our residents a community with the appeal of a small town environment, but with efficient access to major employment centers, retail shopping, dining and events. People are going to want to call this development home because of its close proximity to culture and commerce, which will make this location a highly desirable address in Frisco.” Newland developed Stonebridge Ranch in McKinney, TX beginning in 2003. It was the top-selling community in North Texas for six years. Newland’s recent return to the Dallas market brings more than 45 years of expertise and nationally tested best practices for land development to Frisco. Two other  Dallas-Fort Worth master planned communities also being developed by Newland include Canyon Falls in Flower Mound, TX, which was acquired in 2015 by a business entity of NASH with 2,142 homes on 1,199 acres. This community features an extensive amenity package currently under construction and scheduled to be delivered later this year, with a community club for entertaining and fitness, pools, playgrounds and splash pad, an event lawn, dog park and 10 miles of nature trails. Hollyhock , a new community in Frisco, TX owned in a joint venture partnership between NASH and Newland, has 836 single-family units on approximately 400 acres. Hollyhock’s nearly 20 acres of planned amenities include a community club with pool, recreation complex with fitness, community art, and a 5.5 mile trail system leading to 300 acres of open space, hiking and mountain biking trails. “Our thoughtful amenities and attention to details really set Newland Communities apart from other developers. In this newest community in Frisco, we will offer our residents a strong sense of community and a diversity of home choices from some of the region’s most respected homebuilders,” said Cramer.