Hillwood Communities of Perot family has acquired 400 acres from the Wells family in Celina with plans to develop a $500 million, 1,250-home master-planned community.
Homes –Homes are expected to be priced from $300,000 to $500,000 a residence, with the total of expected build-out costing around $500 million. Resort-style amenities, multiple community parks, miles of trails and retail and restaurant space may be part of master-planned community. The land runs along the Preston Road corridor, at the northeast corner of Coit Road and Frontier Parkway, in Celina, Texas.
School – The area is expected to feed into Prosper Independent School District.
Frantic Real Estate Development – The developers heading to northern areas of Dallas-Fort Worth metro is no surprise. This is to meet the growing need for homes in the northern portion of North Texas, especially Collin County.
Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. With a diverse portfolio of properties and home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers, partners and the communities we serve.
Hillwood is best known for its Alliance brand, featuring the 18,000-acre AllianceTexas, 2,000-acre AllianceCalifornia and 4,474-acre AllianceFlorida. Its founding project, AllianceTexas, has been hailed as one of the best mixed-use developments in the world, generating more than 40,000 jobs and $55 billion in local economic impact to date. Outside of AllianceTexas, Hillwood Investment Properties is focused on institutional-grade industrial/logistics properties and has developed and acquired more than 84 million square feet in North America and Europe.
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