You found out about the same time I did Rosemary. The developer announced it at our FWSD meeting tonight. Will have an article posted shortly. In the meantime, from the HOA website:NEW ACTIVE ADULT COMMUNITY IN LANTANA
Republic Property Group is excited to announce the contract for sale of 5.58 acres of property to Cadence Capital Partners, LP for a new active adult community in Lantana.
Cadence Capital Partners, LP. has contracted for the property near the corner of FM 407 and Copper Canyon Road for its latest age-restricted community. The Aspens at Lantana will be located at the south east corner of Lantana adjacent to the future CVS location (currently owned and land banked by CVS) and the Sonic in Lantana.
"Lantana has been one of the top selling residential communities in the DFW market for many years and we are proud to be able to bring an active adult component to this highly acclaimed development," said Barry Metcalf, Vice President of the company. "Our community will require residents be ages 62+ and will provide amenities for the active adult lifestyle."
The Aspens at Lantana will be designed to complement the Texas Hill Country architectural theme of Lantana and offer 102 residences. Amenities include a swimming pool and expansive courtyard as well as passive greenbelts with gazebos and walking trails. Floor plans will include one and two bedroom designs ranging in size from 690 sq. ft. to almost 1,100 square feet. The Aspens at Lantana and it's residents will not be members of the Lantana Community Association. Their amenities will be separate and private to the residents of The Aspens and targeted for the active adult lifestyle.
"Lantana has always been a multi-generational community with a wide variety of housing styles appealing to families and grandparents who want to live nearby," said Teresa Grawe, senior vice president of marketing for Republic Property Group. "We have been looking for the perfect match for senior housing and The Aspens at Lantana is the final piece for a truly multi-generational community."
Founded in 1989, Cadence Capital Partners, LP is a real estate and investment firm based in Fort Worth, Texas that is involved in the development of shopping centers, master-planned communities and active adult/senior housing in North Texas, Colorado and New Mexico.
Cadence Capital Partners' recent housing projects include:
- The Aspens at Twin Creek in Allen which opened in Spring, 2011,
- The Aspens at Central Park will be breaking ground this Fall in Grand Prairie with the opening planned for Fall 2012
- Lifestyle Communities of Texas - communities designed for empty nester couples ages 55+ include The Village at Prestonwood in Plano, Texas, The Villas of Hollytree in Tyler, Texas and Stonebridge Oaks in Grapevine, Texas.
Plans are underway for The Aspens in Lantana which is slated to begin construction in 2012 with an anticipated 2013 opening.