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Name of development: Heartland
Location: South of intersection at Interstate 20 and FM 741,
just east of Mesquite in Kaufman County between Forney and
Crandall
Size: 2,500-acre master-planned community
Number of planned homes at completion: 8,000 to 9,000
Projected Tax Value: exceeding
1 billion dollars
Development concept: Mixed
use property with office, retail, single family homes, town homes,
seven (7) schools, amenity focus on greenbelts, parks, pool,
fishing lake, soccer and baseball fields – walkable community
with schools and parks connected by trail system.
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380
Corridor
Name
of development: 380 Corridor
Location: Original
location from Lake Lewisville /Hwy 380 to FM 423 and Hwy 380
in Denton County Tx (area has since been expanded by thousands
of acres by Huffines & Partners and Provident Realty.)
Size: 2,000-acres
(expanded to approximately 5,000 acres by other developers)
Projected Tax Value: exceeding
1 billion dollars
Development concept: Mabrey
and Partners, LLC recognized the City of Little Elm (just to
the south) was growing at a pace faster than the market could
bear. Lot prices practically doubled within a year and the City
began to impose development impediments by increasing minimum
lot sizes to slow down growth. Mabrey retained Pettit and Associates
Engineers to work on a regional utility solution which would
essentially turn farm land that was just outside the city limits
into development land if successful. The end result was the creation
of 5 Fresh Water Supply Districts and master utility agreements
with the Upper Trinity Regional Water District to construct a
major water supply line along Hwy 380 as well as a 3 MGD capacity
Waste Water Treatment Plant. Mabrey and Partners LLC, sold the
majority of its land and interests in the area (retaining a percentage
of bond proceeds from the eastern section) to Huffines and Partners
who expanded the area to include the highly successful Provence
and Savannah projects and Provident Realty that developed Paloma
Creek. Although the majority of the credit should be given to
Huffines & Partners and Provident Realty for their creative
and highly successful developments, this development area commonly
called “The 380 Corridor” has become one of the fastest
growing and most successful in the Metroplex.
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