A North Texas developer plans to build a community of 10,000 homes in North McKinney. The 1,800-acre site will feature single-family homes, extended family homes, and more.
According to Dallas Morning News, Dallas-based Republic Property Group has submitted a proposal to McKinney City Council for Honey Creek, a property west of Highway 75 and adjacent to the US 380 Bypass in the near future. The proposed development will include 1,800 acres of new homes, commercial space, office space and park space.
The new development of Honey Creek will offer a variety of homes and complexes in all price ranges, from large and small single-family homes to townhouses, cottages and apartment buildings. The plan also shows amenities that will also be offered in the community, such as a gym, swimming pool, parkland, and other activities. The developer, Republic Property, estimates that the proposed development will generate over $2 billion in taxable value.
“Communities of this kind are complex and take a long time to implement,” the company said in a statement. “Republic Property Group believes in future growth and demand for homes in DFW and McKinney.”
The development team hopes to make the community a municipal government area for the site, with the area primarily controlled by the district council rather than the City of McKinney. This will also fund the infrastructure, services, and beautification of the area through contributions and taxes.
In 2017, Creu Capital, along with developer Sanchez Advisory Group, proposed a $300 million development on the Honey Creek site. That same year, it was proposed by Amazon as a second headquarters, but Amazon chose Arlington, Virginia for its new location.
Republic Property is well known in North Texas for the successful development of the 7,200-acre Walsh community near Fort Worth and the 1,000-acre Light Farms in Selina.