McKinney, TX -- Castle Hill Partners announced today Trinity Falls (http://www.trinityfalls.com), a 1,700-acre premier master-planned community is under construction. Trinity Falls, located just north of the DFW Metroplex and only minutes from the intersection of Central Expressway and Highway 380, will be the newest and one of the largest master-planned developments in McKinney, Texas.
The community is situated along the East Fork of the Trinity River, which runs the entire length of the site’s eastern edge. With nearly one half mile of frontage on the East Fork of the Trinity River and over 300 acres of open space, Trinity Falls will feature a park system unrivaled by any other Master Plan in the DFW market.
“Trinity Falls has all of the key elements of a spectacular neighborhood,” said Leisha Ehlert, Investment Manager for Castle Hill Partners, the investment firm who purchased the property in March 2012. “The design concepts and extensive amenities preserve the property’s unique natural setting offering the ultimate family lifestyle. This combined with favorable price points, its close proximity to the vibrant downtown McKinney and easy access to employment centers provide an excellent opportunity for new home buyers.”
Phase I of Trinity Falls includes 238 single family residential homes priced from the low $200s, a 3-acre recreation center featuring a 6,000 square foot club house, and the first phase of Trinity Falls Park. Castle Hill Partners anticipates the first homes to be available starting mid-2014.
“Because we have such a strong housing market in DFW, there’s been a disparity between actual sales prices and ‘affordable’ prices based on income,” said David Brown, Regional Director of Metrostudy, a national housing market research firm. “Trinity Falls will fill in a market gap between the $200-280s that home buyers want. That will be a major differentiating factor for this community.”
Backed by an $11 million endowment from the B.B. Owen Trust, Castle Hill is focused on recreational variety. Amenities planned for the park include miles of nature and interpretive trails; hike and bike facilities; an amphitheater; athletic fields; multiple outdoor gathering spaces as well as playgrounds and picnic areas. Castle Hill has been working with land planner RVi and civil engineer Kimley Horn to create a series of recreational lakes for fishing, boating and canoeing.
Plans also include three McKinney ISD elementary schools on-site as well as retail and commercial components. At full build-out Trinity Falls will feature approximately 4,200 home sites.
About Castle Hill Partners:
Castle Hill Partners (www.castlehillco.com) (CHP)
CHP is a private investment firm based in Austin, Texas. Each principal has more than 25 years of experience in his or her respective area of expertise. Collectively, CHP has acquired and developed over 25,000 acres of commercial and residential land, over 10,000 units of multifamily housing, and more than 6 million square feet of office and industrial space. To learn more about CHP, visit http://www.castlehillco.com.