Dallas-based Republic Property Group purchased a 12-acre tract within Legacy West, a $2B, 255-acre mixed-use development, where the company will parcel out home lots that will later be built up by Scott Felder Homes DFW.
Villas at Legacy West, as the project will be known, will cost about $100M to develop 127 custom townhomes, according to the Dallas Business Journal. The homes will be one-, two- and three-story detached townhomes between nearly 2k SF and 3,600 SF and will start around $500k. Construction will begin by Q4.
Legacy West, centered in West Plano, is poised to become a residential hub with several notable moves to the area, including Toyota, JP Morgan Chase, Capital One and Liberty Mutual. [DBJ]