A Dallas-based real estate firm is moving forward on a forthcoming development spanning approximately 2,000 acres.
Spanning land within both the city limits of Midlothian and Grand Prairie at 4100 Kimble Rd., Lakesong will provide a variety of different housing options, including 65 acres of urban residential, 620 acres of medium residential, and 50 acres of estate residential, according to city documents reported on by the Dallas Business Journal.
The project will also include nearly 40 acres of mixed-use development and more than 300 acres of natural open space connected to a public trail system and pedestrian walking path.
The Dallas Express reached out to Huffines Communities and the City of Grand Prairie to learn more about the residential project but did not hear back by press time.
A development agreement for Lakesong was brought before the Grand Prairie City Council last Tuesday.
As part of the agreement, council members voted to establish a resolution creating the Lakesong Municipal Management District (MMD), which will fund the project’s infrastructure. Grand Prairie will later annex the land once the MMD is fully operational, the DBJ reported.
Before the MMD can be established, the Texas Commission on Environmental Quality must sign off on its creation, which could take 6-12 months, per the DBJ.
The Lakesong development is just one of many residential and mixed-use projects planned for North Texas. Some of the region’s other developments covered by The Dallas Express include a roughly 35-acre mixed-use development in Prosper called Pradera and the multi-phase, 110-acre Sutton Fields East development in Celina.
While areas like Fort Worth, Frisco, Prosper, Celina, and Grand Prairie are all seeing surging demand for new development projects, the City of Dallas continues to come up short when it comes to large commercial projects.
Some of Dallas’ development hurdles stem from the City’s time-consuming building permit process, which regularly results in delays and slow permit approvals, as previously reported by The Dallas Express.
To facilitate commercial development in Dallas, the City’s Development Services Department announced the creation of a “Commercial Permit Hotline” for customers who have submitted a building permit application and are experiencing permitting delays.