Tuesday, July 25, 2006

New Homes on Tap for North Dallas

If you're looking for North Dallas Real Estate, now is the perfect time if you want new construction.

According to the Dallas Business Journal, more than 20,000 new homes are on tap for the bustling U.S. 380 corridor in and around Denton, Texas. This city 36 miles northwest of Dallas is expected to nearly double in the number of households between 1995 and 2025.

Two major master-planned communities are part of this North Dallas Real Estate boom. Aperion is planning a 10,000-home project in the works and is under contract to buy Hunter Ranch, a 3,300-acre development in southwest Denton.

The Stratford Company, a Dallas-based developer, is planning the Cole Ranch project, which should have 7,500 to 10,000 homes on 3,500 acres and will include single family homes and apartments.

There are some smaller developments on tap, too, for those looking for a smaller North Dallas community to call their own. Highland Capital Real Estate Advisors is working on The Hills of Denton, a 1,800-home, 2,000-acre development. And Allegiance Development is working on Rayzor Ranch, a 412-acre mixed-use development.

While these project will naturally take a long time to develop to their full size, now is a great time to be looking for a piece of North Dallas Real Estate to call your own!