A Dallas-based developer is working on a master-planned community in Midlothian with about 8,500 single-family detached homes as well as 3,000 rental homes...
The Dallas company behind the project is focused on bringing thousands of homes to areas of high growth.
The company acquired the bulk of the property last May. The site is just south of the intersection of FM663 and FM875. Plans for the first phase include about 450 home lots, 230 apartment units and 200 single-family rental homes. RREAF expects it will likely develop the apartments and rental homes itself.
“That division is focused on basically building cities — highly amenitized, highly programmed mixed-use communities all about the quality of life,” said Kip Sowden, chairman and CEO of RREAF Holdings.in Caldwell County between Austin and San Antonio.
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