$1B Residential Development Breaks Ground in Denton County
- Nov 26, 2012
Hillwood Communities has broken ground on a 1,000-acre master-planned development located just north of Alliance Texas. Dubbed Harvest, the $1 billion mixed-use community is planned to include approximately 3,000 single-family homes with prices ranging from $200,000 to about $400,000.
The initial phase of this huge development will include 323 homes centered on a core of amenities like pools, an amphitheater and a community farm, as well as the 12-acre Harvest Lake, according to a statement by Hillwood Communities. The developer partnered with Atmos, Verizon, Coserv, Environments for Living and Premier Communities to deliver the LiveSmart design, a concept based on principles like a sense of community; technology; healthy living; environmental stewardship; and education and enrichment.
The goal is a long-lasting, livable, walkable community designed to meet the needs of its residents while protecting and enhancing the site’s rural character, Fred Balda, president of Hillwood Communities, told the Dallas Business Journal. And in an official statement commented Ross Perot Jr., chairman of Hillwood, said, “Our vision is to bring people together and cultivate an appreciation for the land as well as foster an active, caring environment where urban farmers, gardeners and farm-to-table entrepreneurs can thrive.”
David Weekley Homes, Highland Homes and Plantation Homes have already been confirmed as builders. Dallas-based Hillwood Communities is also the developer of Alliance Texas, a 17,000-acre master-planned, mixed-use community located in north Fort Worth. Additionally, the developer is known for the $420 million American Airlines Center near downtown Dallas.
Photo rendering of Faught Family Farm House, which will be restored for use as a community center, courtesy of Hillwood Communities.
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