FORT WORTH—Ventana, a $500 million master-planned community, is underway with its first-phase model homes on Chapin School Road between Interstate 20 and US 377. Home prices will range from the upper $200s to the mid $400s, according to Dallas-based PMB Capital Investments.
“Planning for Ventana has been underway for some time now and we're excited to break ground on new homes in the community,” said Peter Pincoffs, co-founder of PMB Capital Investments. “Ventana is a unique offering for homeowners in Fort Worth with excellent public schools, close proximity to major employers and all the amenities that homeowners expect from a master-planned community.”
Plans for Ventana include almost 1,500 home sites with the potential for future expansion. The first phase will have 185 homes with CalAtlantic Homes and David Weekley Homes building on 50-foot lots and Dunhill Homes building on 60-foot lots.
“Ventana is the first investment we made after forming PMB Capital. After meeting with our existing homebuilding relationships, we established a few boxes that needed to be checked for any large, new single-family development in this cycle: access to excellent public schools, affordable finished home prices and proximity to a major employment center. When we signed the contract on the original parcel, it had no roads connecting to it and no easements, no municipal water available, no sewer available; proposed school upgrades and two large highway projects that were proposed but not under construction yet. Where we sit today, the off-site infrastructure is in, the new schools opened last fall and the roadway projects are winding up. The market has come to us largely as a result of the priorities we set when buying the site initially and our builders are poised for tremendous success,” Pincoffs tells GlobeSt.com. “Two years ago, we worked tirelessly to sell the dream of an affordable West Fort Worth master-planned development to every builder we knew (and plenty that we didn't). Today you can drive through the site and see that dream that we were describing at the time. It's a credit to Weekley, Dunhill and CalAtlantic that they saw what we saw from the beginning and it's pretty fun to have many of those other builders calling back today asking how they can get involved.”
Ventana, named for its views of the downtown Fort Worth skyline and Benbrook Lake, will offer community amenities such as a 2,400-square-foot open-air pavilion, a pool, outdoor grills and family dining areas, an event lawn and miles of walking trails.
Ventana students will attend the brand new Westpark Elementary School and recently renovated Benbrook Middle-High School. Completed in 2016, the $16 million Westpark Elementary serves students in pre-Kindergarten through fifth grade. Also with a new campus, Benbrook Middle-High School serves students in sixth through 12th grades. Programs ranging from orchestra to JROTC and seven varsity sports provide an abundance of extracurricular opportunities.
FORT WORTH—Ventana, a $500 million master-planned community, is underway with its first-phase model homes on Chapin School Road between Interstate 20 and US 377. Home prices will range from the upper $200s to the mid $400s, according to Dallas-based PMB Capital Investments.
“Planning for Ventana has been underway for some time now and we're excited to break ground on new homes in the community,” said Peter Pincoffs, co-founder of PMB Capital Investments. “Ventana is a unique offering for homeowners in Fort Worth with excellent public schools, close proximity to major employers and all the amenities that homeowners expect from a master-planned community.”
Plans for Ventana include almost 1,500 home sites with the potential for future expansion. The first phase will have 185 homes with CalAtlantic Homes and David Weekley Homes building on 50-foot lots and Dunhill Homes building on 60-foot lots.
“Ventana is the first investment we made after forming PMB Capital. After meeting with our existing homebuilding relationships, we established a few boxes that needed to be checked for any large, new single-family development in this cycle: access to excellent public schools, affordable finished home prices and proximity to a major employment center. When we signed the contract on the original parcel, it had no roads connecting to it and no easements, no municipal water available, no sewer available; proposed school upgrades and two large highway projects that were proposed but not under construction yet. Where we sit today, the off-site infrastructure is in, the new schools opened last fall and the roadway projects are winding up. The market has come to us largely as a result of the priorities we set when buying the site initially and our builders are poised for tremendous success,” Pincoffs tells GlobeSt.com. “Two years ago, we worked tirelessly to sell the dream of an affordable West Fort Worth master-planned development to every builder we knew (and plenty that we didn't). Today you can drive through the site and see that dream that we were describing at the time. It's a credit to Weekley, Dunhill and CalAtlantic that they saw what we saw from the beginning and it's pretty fun to have many of those other builders calling back today asking how they can get involved.”
Ventana, named for its views of the downtown Fort Worth skyline and Benbrook Lake, will offer community amenities such as a 2,400-square-foot open-air pavilion, a pool, outdoor grills and family dining areas, an event lawn and miles of walking trails.
Ventana students will attend the brand new Westpark Elementary School and recently renovated Benbrook Middle-High School. Completed in 2016, the $16 million Westpark Elementary serves students in pre-Kindergarten through fifth grade. Also with a new campus, Benbrook Middle-High School serves students in sixth through 12th grades. Programs ranging from orchestra to JROTC and seven varsity sports provide an abundance of extracurricular opportunities.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
