Tiny Town’s First Luxury Development in Years

Real Estate

Construction | Image by Highwater Development

A small North Texas city is set to see its first high-end residential development in years.

A new luxury development will be built at 2611 Pleasant Ridge Rd. in Dalworthington Gardens, a small suburb of Arlington with a total population of 2,259, according to 2010 census data.

Construction management firm Highwater Development recently acquired a 14-acre plot of land in Dalworthington Gardens with plans to develop about half the site into an 11-lot residential community with custom-built homes starting at $1.5 million, according to reporting by the Dallas Business Journal.

“If you look at the map and you look at the [multiple listing service], you’d think I was nuts when I told you what we’re selling lots for,” Highwater Development President Cannon Clark told the DBJ.

Although Highwater Development purchased more than 6 acres for development, an area of dense forest on the property’s northeast corner and several acres of floodplains make it difficult to build along the full 14 acres.

This limited development space was a major deal-breaker for several prospective buyers that opted to take their projects elsewhere, DBJ reported. Still, despite some of the developmental constraints, Clark believes the luxury home market in Dalworthington contains a great deal of untapped potential.

When looking at the neighboring properties and analyzing Dalworthington Gardens as a whole, “the submarket here is very unique,” Clark told the DBJ. That is why “we wanted to develop a very unique product,” he explained.

Although the future site had been on Clark’s mind ever since he was young, it took a great deal of negotiating before he was finally able to acquire the property.

“I’ve driven by that property since I was born, and I’m pretty sure it’s been for sale since I was born,” Clark told the DBJ. “It was way overpriced and it took us about six months to negotiate with the seller to a price we still thought was outrageous.”

In the end, the property was adequately positioned, and after a deeper dive into the development concept, Highwater was able to determine that the property was sufficient to support the firm’s high-end residential community.

Meanwhile, in nearby Dallas, it remains difficult to develop due to its languid permitting process.

If you enjoyed this article, please support us today!

Formed in 2021, we provide fact-based, non-partisan news. The Dallas Express is a non-profit organization funded by charitable support and advertising.

Please join us on the important journey to make Dallas a better place!

We welcome and appreciate comments on The Dallas Express as part of a healthy dialogue. We do ask that you be kind. Kind to each other and to everyone else in your comments. For more information, please refer to our Complete Comment Moderation Policy.

Subscribe to Comments
Notify of

Inline Feedbacks
View all comments