Plano-based Green Brick Partners is building a 2,000-home residential community in Collin County, but this one has a twist.
Green Brick is adding 225 single-family homes as build-to-rent in addition to 1,762 single-family homes for sale in Princeton.
Green Brick, a national builder and land developer that was ranked No. 19 in Fortune’s 100 fastest-growing companies, announced the development of Windmore, a 427-acre community.
Trophy Signature Homes, one of Green Brick’s subsidiary homebuilder brands, will build the for-sale homes on a mix of 50- and 60-foot homesites.
Windmore will be one of Green Brick’s first communities with a single-family rental option. Green Brick has not yet selected a builder for its built-to-rent homes.
Green Brick did not disclose a construction timeline or the cost of homes in Windmore.
Windmore will be south of County Road 398 and west of County Road 447, on one of the last large remaining single-family tracts in the Princeton area. That particular tract might seem a bit desolate, but Princeton, with a population of about 17,000 (according to the 2020 Census), is a happening place because of its school district and access to U.S. 380, Texas 121, and U.S. 75 highways.
Green Brick owns or controls 3,523 homesites in Princeton and will begin construction of homes in Eastridge, its second Princeton community, this summer.
“This development, along with our other large nearby communities of Lakehaven, Southridge, and Eastridge, will be critical in bringing much-needed new homes to DFW,” Jed Dolson, Chief Operating Officer and Executive Vice President of Green Brick Partners said in a statement.
“This coming year, excluding capital invested buying land and finished lots, we intend to spend approximately $285 million developing lots, with the goal of delivering over 4,700 finished homesites to our subsidiary homebuilders across 43 communities throughout 2022.”
