Plano-based developer and builder Green Brick Partners has teamed up with Arizona-based Taylor Morrison Homes to plan a more than 2,500-home community in north Fort Worth.
Green Brick and Taylor Morrison have bought almost 900 acres near U.S. Highway 287 near the Sendera Ranch community. The two firms plan to break ground in early 2021 on a new residential community named Madero.
“We are thrilled to continue expanding our presence in Fort Worth, and to provide homebuyers a fantastic opportunity to live in such close proximity to attractive amenities, including Eagle Mountain Lake, while maintaining easy access to major employment centers in Fort Worth,” Jed Dolson, chief operating officer of Green Brick Partners, said in a statement. “In addition to its ideal location, Madero will feature a wealth of amenities, which we are certain will set us apart from the competition.”
Along with home sites, the Madero project will include two amenity centers with resort-style pools, parks, walking trails and green spaces. There’s also land for a neighborhood retail area.
Green Brick Partners plans to build 1,250 homes with its Trophy Signature Homes brand.
The houses will range in size from 1,500 to 3,500 square feet and will start in price in the high $200,000s.
Taylor Morrison plans to build 1,250 single-family homes ranging in size from 1,400 to 3,000 square feet. Those houses will also start in the high $200,000s.
“North Fort Worth is one of the fastest-growing areas of D-FW,” Keith Hurand, Taylor Morrison’s local division president, said in a statement. "The trend of spending more time at home will not go away anytime soon, and homebuyers are seeking master-planned communities like Madero with quality amenities in their neighborhood.
“Taylor Morrison will be offering designs inspired by our homeowners with options such as offices to work from home, flex space for home gym or ideal spaces for virtual learning to maximize how they enjoy their living space.”
Taylor Morrison in North Texas also builds under the Darling Homes brand.
Homebuilders and developers have been scrambling to get new projects started in North Texas to meet growing demand for houses.
Record low mortgage rates have caused a surge in homebuying in spite of the pandemic.
During the second quarter, new home starts in the D-FW area rose almost 18% from a year earlier.
