Hillwood Communities, a division of Ross Perot Jr.'s Hillwood, has closed on its largest residential development yet — a 1,157-acre tract near Interstate 35W and FM 407 in Northlake that will bring more than 3,000 homes to North Texas.
The $1.5 billion mixed-use, master-planned community, called Pecan Square, is slated to get underway next spring, with the initial phase bringing 609 home lots to the region.
The houses will be priced from $270,000 to the $500,000s upon completion, depending on lot and home sizes. Pecan Square will also include commercial real estate uses in the future.
“Pecan Square is one of the largest master-planned communities we have developer in our 25-plus year history,” Brian Carlock, senior vice president of Hillwood Communities, said in a prepared statement. “It is in the perfect position to offer a wide variety of home prices in a high-quality master-planned community within a tremendous school district.”
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