Housing Development in Fort Worth Continues to Prosper
The number of new projects under development is a great indicator of the health of the real estate market. That’s why local Realtors welcomed the news that Northstar, a new master-planned community, will soon rise in Fort Worth, TX.
With the same team behind the sought-after Morningstar community in Aledo, Northstar will span some 750 acres and have about 2,200 houses. It will be situated near US Route 287, Bates Aston Road, and Avondale Haslet Road.
The first 410 lots will be ready for home construction by the end of 2019, which developers Kim Gill and Tim Fleet expect to sell briskly.
Location, Location, Location
The pair is confident that Northstars’ ideal location will be a big draw for buyers: The 287 corridor is one of the fastest growing single-family markets in Dallas-Fort Worth. They just sell a lot of homes up there, about 1,500 units a year.
Indeed, the forthcoming neighborhood will be very close to major job centers like AllianceTexas and the top-performing Northwest Independent School District. Gill and Fleet are also working with the Texas Department of Transportation to get approval for the construction of a new road that will connect the development directly to Route 287.
Moreover, the developers believe that the $200,000 starting price point – about $50,000 cheaper than Morningstars – is certain to pique buyer interest.
Despite the lower entry price, the team maintains that Northstars amenities will be on par with the Morningstar development, including swimming pools, extensive walking trails, playgrounds, and game rooms.
