New 1,225-home development on tap for Fort Worth
Dallas-based Crow Holdings and James R. Harris Partners have sold 389 acres in West Forth Worth for a new residential community.
LGI Homes, based in Houston, bought the land for a residential development with 1,225 homes. Homes in the Vista West community are priced between $ 230,000 and $ 280,000 and will be built in six phases.
The first districts will be ready at the end of 2021 or beginning of 2022. The new community area is located near the northwest junction of Loop 820 and Interstate 30 near the 7,200 acre Walsh Ranch.
“The property benefits from excellent accessibility and connectivity as it is conveniently located off Interstate 30 and future residents have direct access to major work, medical and entertainment centers such as downtown Fort Worth, the JPS Hospital, Lockheed Martin, West 7th, Sundance Square and the Fort enables Worth Stockyards, ”said Chris Harden of Cushman & Wakefield in a statement.
Harden negotiated the sale of the property with Ryan Duffie of Cushman & Wakefield.
LGI Homes is one of the top 10 home builders in the country and already has communities in the Dallas-Fort Worth area.
The number of single-family homes in North Texas rose more than a third in the last quarter. The greatest demand for homes was less than $ 300,000.
“Given the current limited availability, these homes are expected to generate significant interest,” said Duffie.
Prices for homes in the new community range from $ 230,000 to $ 280,000.(LGI Homes)