A $500 million master-planned community by Hillwood Communities — known as Lilyana — got underway Thursday, with an official groundbreaking ceremony. The land was owned by the Wells family since before the Civil War.
Upon completion, the 400-acre community at the northeast corner of Frontier Parkway and Coit Road in Celina will be home to 1,250 single-family homes, with the first phase of homes expected to be complete next spring.
“Celina is a booming city in North Dallas, and we are excited to partner with them and local vendors to bring jobs, businesses along with more residents here,” said Elaine Ford, a Dallas-based Hillwood Communities' senior vice president, in a statement.
“The groundbreaking of Lilyana is an exciting step for use and we look forward to the development of a first class community for potential residents,” she added.
This is one of the latest master-planned communities in North Texas. Developers and builders are bringng more and more single-family homes in the region to meet the demand from residents and would-be residents. In the past five years, home prices have skyrocketed 43.3 percent in Dallas-Fort Worth.