Windsong Ranch in Prosper Begins Construction On the site of a former egg farm in Denton County, developers have hatched North Texas’ newest residential community. The 2,030-acre Windsong Ranch development will cost more than $1 billion and will someday provide homes to more than 10,000 people. Last week at the grand opening, builders sold more than a dozen homes to eager buyers looking for housing close to growing employment centers in Frisco and Plano. “We are delivering right now 325 lots to builders, and they are all sold for cash,” said Craig Martin, founder and CEO of Windsong Ranch developer Terra Verde Group. “All the builders are afraid we are going to run out of lots.” That’s not likely, with more than 3,000 single-family home building sites planned in the project plus hundreds more apartments and townhouses. “We are 17 percent of the area of the town of Prosper,” Martin said. The community takes up more than 3 square miles on the north side of U.S. Highway 380, west of the Dallas North Tollway. Terra Verde broke ground on Windsong Ranch just over a year ago, after buying the land for almost $30 million in 2012. Since then, the developers have built the first residential streets, a two-building community center with a gym and swimming pools and have started miles of walking trails. A stone-clad entryway with a curving steel sculpture has gone up at the front door to the community on U.S. 380. A shopping center and commercial space will also front on the highway. “There are going to be four amenity centers built because this community is so large.” Windsong Ranch is the biggest of about a half dozen major residential communities now being built in the Dallas area — the largest wave of such construction since the recession. With demand for housing in North Texas soaring and home inventories at a 20-year low, builders are rushing to get new product to the market. “Windsong Ranch has multiple phases and a strong builder lineup,” said Ted Wilson, principal with Dallas-based housing consultant Residential Strategies Inc. “It should do very well. So far the list of homebuilders that have joined the project includes Highland Homes, Drees Custom Homes, Darling Homes, Huntington Homes, David Weekley Homes and Chesmar Homes. Houses in the community will start at close to $350,000, running up to more than $700,000. - Dallas Morning News, July 3, 2014
Posted on: Wed, 16 Jul 2014 14:35:00 +0000
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