Dallas-based Welker Properties is scheduled in April to begin the development of Wolf Creek Farms Melissa — a 32-acre rental community in Collin County.
According to a Texas Department of Licensing and Regulation filing, the project includes 343 single-family homes, a leasing office, a clubhouse, a fitness center, and a pool. With an expected delivery date of March 2026, the estimated cost of construction is more than $38.3 million.
The development “will bring together all the best aspects of single-family homes with detached units that have their own private yards along with the flexibility, amenities, and maintenance-free living that comes with living at a Class-A apartment,” according to the project page. “The homes … will range from one to two-story and will feature a mix of attached two-car garages, one-car garages, and cottage-style homes with no garage based but with the option to rent a detached garage or covered parking separately.”
Along with a resort-style pool, other amenities include a dog park, resident lounge, and multiple open courtyards. Architecture Demarest is listed as the design firm on the state filing. Its North Texas portfolio includes multifamily properties in Fort Worth, Richardson, Denton, Dallas, Sherman, Grand Prairie, Irving, and Arlington.
Welker owns properties in Dallas, Austin, and Memphis, Tennessee, and has new developments in Dallas, Frisco, and Cape Coral, Florida.
According to Dallas-based CBRE, the single-family rental subsector is “relatively new” because it began scaling in most markets just a few years ago. Most build-to-rent (BTR) properties include at least 50 homes or townhomes owned and professionally managed. As with the Wolf Creek Farms Melissa community, BTR properties often include an on-site leasing office and amenities.
