New McKinney residential community will have 1,200 homes in first phase

Nathan Law

Developers of one of Collin County’s newest residential communities plan to build sites for 1,200 homes in the first phase. The 1,100-acre Painted Tree community is under construction north of U.S. Highway 380 in McKinney. In early 2020, New York-based JEN Partners and Dallas’ Oxland Advisors bought the land for […]

Developers of one of Collin County’s newest residential communities plan to build sites for 1,200 homes in the first phase.

The 1,100-acre Painted Tree community is under construction north of U.S. Highway 380 in McKinney.

In early 2020, New York-based JEN Partners and Dallas’ Oxland Advisors bought the land for the huge development from Brinkmann Ranches.

Plans for the project call for 3,400 homes plus miles of paths and trails, pools and playgrounds. The first sections of Painted Tree will open next year.

“This is the largest first phase delivery of lots in the Dallas-Fort Worth area,” Tom Woliver, co-president and founder of Oxland Group, said in a statement. “This delivery will help provide a solution when demand is outpacing supply at record levels in North Texas. It will also serve as a valuable stepping stone for further development north.”

Oxland Group has already contracted to sell home sites to builders including Trophy Signature Homes, Normandy Homes, CB Jeni Homes, Tri Pointe Homes, David Weekley Homes, Highland Homes and Drees Custom Homes.

The homes planned in Painted Tree will start near $300,000.

“Buyers should be encouraged by the forthcoming offerings at Painted Tree,” said Ted Wilson, principal at Dallas-based housing analyst Residential Strategies Inc. “We anticipate the community to be one of the top-performing master-planned communities in the D-FW area, and one that will see long-term growth in housing values.”

Demand for new homes in the D-FW area has soared this year because of a lack of pre-owned houses on the market.

North Texas home starts were up more than 40% in the first quarter from 2020 levels, according to Residential Strategies.

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