An Ohio developer plans to start construction of a 330-unit residential community this summer in Princeton, a Collin County community near McKinney.
According to a state filing, The NRP Group — the same company that developed The Independence in McKinney and several other rental communities in Texas, is scheduled to begin the 11-building project in July. It includes a clubhouse, 12 detached garages, several carports, and a dog park. With an estimated construction cost of $53.8 million, the 404,044-square-foot project is expected to be delivered in August 2026.
“Collin County’s rapid growth, increasing demand for rental housing due to rising single-family home prices, and a boost in job opportunities make it an attractive destination for The NRP Group,” Alena Savera, the company’s vice president of development, told The Dallas Morning News. “We’re excited to be part of Collin County’s thriving rental market.”
The NRP Group counts among its portfolio residential communities in Carrollton and Dallas. Ascent at Mountain Creek is a 324-unit development south of downtown Dallas, near Methodist Charlton Medical Center and Dallas Baptist University. In Carrollton, Diamond Flats is a 331-unit property “designed to accommodate professionals with hybrid work schedules,” with many apartments featuring dens “for working remotely in addition to community co-working amenity spaces.”
Davies Collaborative of Austin is listed as the design firm on the Texas Department of Licensing and Regulation filing. According to the company’s website, it has five projects in various stages of design or development in Austin and Leander.
While Dallas suburbs and other surrounding cities in North Texas have seen a consistent arrival of new businesses and residents in recent years, Dallas proper’s inefficient permitting process under City Manager T.C. Broadnax has hindered development of commercial projects.
