Affordable community with parks and trails planned for west Fort Worth
West Fort Worth could deserve a new name: Master-Planned Land. A 389 acre Master-planned church that was unveiled on November 2nd will be adjacent to a 7,200-acre Master-planned church that is already underway.
The client LGI Homes plans to build 1,225 single-family homes at affordable prices as part of a six-phase project northwest of the intersection of Loop 820 and I-30. The development will be a few miles east of the 7,200 acre Walsh Ranch proposed community, which will eventually include more than 18,000 homes north of the intersection of I-20 and I-30.
The prices for homes in the new LGI community are $ 230,000 and $ 280,000. In the first phase, houses will be available in late 2021 or early 2022. At these prices, the homes under development will be valued at more than $ 300 million combined.
“Brand new single-family homes are hard to come by at this price in Dallas-Fort Worth,” said Ryan Duffie of Cushman & Wakefield in a press release. “Given the current limited availability, these homes are expected to generate significant interest.”
According to LGI, the new project will reflect a nearby LGI community called The Bridges in Crowley. Details of the homes in new development aren’t available, but planned amenities include a playground, picnic area, walking path, outdoor basketball court, sports field, and possibly a splash pad (but no mention of a “lazy river” like the one, planned for the recently announced development of the Wildflower Ranch in the far north of Fort Worth). More than $ 3 million has been budgeted for parks and facilities.
The new ward will be in the White Settlement Independent School District.
LGI bought the land from Crow Holdings and James R. Harris Partners. Chris Harden, a colleague of Duffie and Cushman & Wakefield, represented Crow Holdings and James R. Harris Partners on the deal.
LGI, based in The Woodlands, is the 10th largest home builder in the United States. Prior to the November 2nd announcement, the developer had planted seven new churches in Dallas-Fort Worth this year. In the first nine months of this year, LGI sold 5,931 homes in Texas and 17 other states.