West Fort Worth might deserve a new name: Master-Planned Land. A 389-acre, master-planned community unveiled November 2 will neighbor a 7,200-acre, master-planned community that’s already underway.
Homebuilder LGI Homes plans to construct 1,225 single-family homes at affordable price points as part of a six-phase project northwest of the intersection of Loop 820 and I-30. The development will be a few miles east of the 7,200-acre Walsh Ranch master-planned community, which eventually will feature more than 18,000 homes north of the intersection of I-20 and I-30.
Homes at the new LGI community will be priced at $230,000 and $280,000. In the first phase, homes will be available in late 2021 or early 2022. At those prices, the homes in the development will collectively be worth more than $300 million.
“In Dallas-Fort Worth, brand new single-family homes are hard to come by at this price point,” Ryan Duffie of Cushman & Wakefield says in a release. “With current limited availability, these homes are expected to generate significant interest.”
LGI says the new project will mirror a nearby LGI community known as The Bridges, which is in Crowley. Details aren’t available about the homes in the new development, but planned amenities include a playground, picnic shelter, walking trail, outdoor basketball court, sports field, and possibly a splash pad (but no mention of a "lazy river" like the one planned for the recently announced Wildflower Ranch development in far north Fort Worth). More than $3 million has been budgeted for parks and amenities.
The new community will be in White Settlement Independent School District.
LGI bought the land from Crow Holdings and James R. Harris Partners. Duffie and Cushman & Wakefield colleague Chris Harden represented Crow Holdings and James R. Harris Partners in the deal.
LGI, based in The Woodlands, is the 10th largest homebuilder in the U.S. Before the November 2 announcement, the homebuilder had rolled out seven new communities in Dallas-Fort Worth this year. Through the first nine months of this year, LGI sold 5,931 homes in Texas and 17 other states.