The small but rapidly-growing North Texas town of Anna will see a new apartment community erected in the next couple of years, with groundbreaking slated for this December.
The $59-million project dubbed “Villages of Water Creek” is owned by Irving-based JPI, one of the most active developers of apartment units in the Dallas-Fort Worth area.
The firm is now adding Anna to its portfolio, already having developments in Frisco, Dallas, Grand Prairie, Northlake, and The Colony.
A planning document filed with the Texas Department of Licensing and Regulation states that the JPI will build four-story multi-family apartment buildings, single-family homes, duplex homes, and a community amenity area. All units will be rentals, and some select units will have private yards.
The architectural group Omniplan designed the development.
Amenities will include a resort-style infinity pool, a fully-furnished clubhouse, dog parks, community courtyards, and walking trails.
Upon completion, the development will span roughly 400,000 square feet. The site will be located in the city’s Waters Creek Residential Campus along the tributary of Throckmorton Creek.
As of the most recent U.S. Census data in 2021, Anna has a population of roughly 20,000 residents.
Located just northeast of McKinney but south of Sherman in Collin County, the town has seen growth in single-family home building, even as nearby municipalities like Frisco, Celina, Prosper, and Princeton have seen considerable slacking off in housing.
Additionally, with upcoming multibillion-dollar expansions by GlobiTech and Texas Instruments anticipated to create about 4,500 jobs in the greater Sherman area over the next few years, Anna is likely to get its cut of “spillover homeowners,” according to WFAA.
The Villages of Water Creek project is set to be finished in December 2024.