Construction will begin soon on the first phase of The Highlands off FM 407 just west of Interstate 35-West. Northlake officials, residents, developers and homebuilders recently broke ground to celebrate the start of the 363-acre residential development in Northlake. The Highlands will consist of 222 one-acre estate lots, according to officials.
“We are excited that the Town of Northlake shared our vision for a unique high quality residential development with one-acre lots, miles of trails and interconnected greenspaces.” commented Tim Coltart, Managing Director of Realty Capital Management, LLC, of Irving in a news release. “After 14 months of planning, design, many meetings with residents and town officials, The Highlands is becoming a reality.”
The first phase will consist of 100 acres with 68 homesites and Northlake’s first public park encompassing over 50 acres. The park and development will include more than two miles of hike and bike trails.
Noble Classic Custom Homes, Providential Custom Homes and Bannister Custom Homes will be offering homes ranging in price from $400,000 to $600,000. The homes will be served by the Northwest Independent School District as well as private schools.
The Highlands project secured $4.385 million in infrastructure reimbursements from the Highlands Public Improvement District along with debt funding from First United Bank and equity funding provided by RCP Properties LLC., according to the news release.