Later this year, the construction of a new community of roughly 4,000 homes will begin in North Texas.
Real estate firm Hillwood Communities closed on a deal last week for a large plot of land that will allow them to develop a new residential community in Celina called Ramble.
As reported in The Dallas Express last month, Hillwood Communities has developed over 100 master-planned communities, including Lilyana in Celina. Now, the real estate firm, part of the Perot family of companies, plans to create a community stretching across 1,380 acres from Preston Road to Custer Road.
In total, the project is expected to cost over $2 billion. Homes in Ramble are expected to cost an average of $600,000.
The community is set to offer residents an “immersive nature experience,” with access to parks and lakes, according to Hillwood.
“Celina is a commuter-based community at this point — odds are pretty good you’re commuting into Frisco or one of the other employment centers, so when you retreat home, it’s about relaxation. How do you slow down for a moment and enjoy your home?… There’s no better way than being outdoors … and having activities embedded in nature,” senior vice president at Hillwood, Brian Carlock, told WFAA.
Homebuilders, including American Legend Homes, Coventry Homes, Dress Custom Homes, and others, aim to complete 700 single-family houses by the end of 2025. This would conclude the first phase of Hillwood’s project.
With the project’s announcement, Celina is expected to see even more growth activity. Ted Wilson, the principal of consulting firm Residential Strategies Inc., said in a statement that it is “one the fastest growing cities in North Texas.”
“Its current delivery of 2,500 new homes annually is projected to double in the next few years, and that submarket has been particularly attractive to relocation buyers moving to the region,” he said.
Last year, the city of Celina issued 2,503 home construction permits, an increase of 52% over the previous year, according to Tomlin Investments.