Hanover Property, Sandlin Homes to Break Ground on Massive Residential Projects in DFW

Dallas-based Hanover Property Co. has purchased a 358-acre tract at the corner of Farm-to-Market 156 Blue Mound Road and State Highway 287 in North Fort Worth where it plans to develop a new $300 million master-planned community.

Dallas-based Hanover Property Co. has purchased a 358-acre tract at the corner of Farm-to-Market 156 Blue Mound Road and State Highway 287 in North Fort Worth, where it plans to develop a $300 million master-planned community.

Dubbed Berkshire, the community will include as many as 750 single-family homes, with 282 homes on 50- and 60-foot lots planned for the first phase, the Fort Worth Business Press reported. Price points for the residences will range from the low $200,000s to the mid-$300,000s, with practical home designs offered by Highland Homes, American Legend Homes, Ashton Homes and K. Hovnanian Homes.

Designed to cater to young families looking for high-quality homes in the Northwest Independent School District, the community will feature a series of lifestyle-oriented amenities, including an open-air clubhouse, swimming pool and splash pad, playground, ballfield, five-acre pond, as well as open green space and a trail system.

In addition to the residential component, the Berkshire community will eventually include approximately 30 acres of commercial and 17 acres of multifamily property.

Hanover plans to break ground on the project later this month, with the first phase home lots available in spring 2015.

Hanover is working with Jacobs Engineering to develop the site plan, as well as Mesa Design Group. Texas Capital Bank is providing financing for the development.

Intensified office construction and job growth in the Dallas – Fort Worth Metroplex is creating high demand for single-family housing in the area. Local homebuilder Sandlin Homes also announced plans to kick off a residential project called Cambridge that will add 192 homes to North Richland Hills, a suburb of Fort Worth.

To be located at Iron Horse Boulevard and Liberty Way, the $50 million development will hold homes priced from the $200,000s, according to the Dallas Business Journal.

Plans call for three design phases, including The Villages, Cambridge Place and Cambridge Estates. Groundbreaking for the first two phases is scheduled for June. Construction on the large home lots – The Estates of Cambridge – will begin at a later date.

Sandlin Homes will develop two Cambridge sections. Rendition Homes will build the third one, The Villages at Cambridge, totaling 77 home lots. Both The Villages at Cambridge and Cambridge Place will offer homes ranging around 1,800 square feet.

Photo credit: Sandlin Homes Official Website