Hillwood officials announced their purchase of 1,157 acres near the southwest corner of I35W and FM 407 in Northlake, about 6 miles north of Texas Motor Speedway. This is the beginning of a $1.5 billion development that will be known as Pecan Square.
The residential community will eventually include 3,000 newly built homes, with prices expected to range from $270,000 to $500,000 or more. A mix of commercial retail, educational and residential uses will be featured in Pecan Square, which gets its name from the 200 pecan trees on the property that will be preserved. The initial phase will include 609 single-family homes, and homes from 8 builders should be on the market by summer 2019. The developer donated land for an elementary school and sold Northwest ISD the land for a middle school, high school and football stadium so that families will be able to attend K – 12 within Pecan Square. They estimate that the full build out of Pecan Square will take 10 to 12 years.
Information provided by The Seay Group Realty, dedicated to service and exceeding your expectations! Call us today!