Dallas Developers: Will Light Farms be the North Texas Cousin of Prairie Crossing?

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Light Farms Fireplace

Update 3:23 p.m. Just heard from the folks at Prairie Crossing, who have invited me up for a visit next time I’m in Chicagoland. I will check it out, bring you a full report!

Republic Property Group will soon be bringing North Texas a whole lot of new homes. After recession-induced delay,  Light Farms, a $1.2 billion, 806-acre master-planned community in Celina, north of Frisco is gearing up. Look for 2,700 homes housing an estimated 8,700 residents.

Republic has also swooped up the last stretch of raw land in Frisco, Phillips Creek Ranch. Look for a 950 acre planned community with homes priced from $350,000 to $2,000,000. I’m told that agents in Frisco are lining up to list and sell this community because of the amenities and short housing stock.

But the neatest thing about these two developments, besides that they are from the folks who brought you Lake Forest and Lantana, among others: the guys running the show. Meet two thirty-something land developers, both St. Marks grads, who are blazing new trails in Dallas real estate: Jake Wagner, executive vice president and one of the project managers at Dallas-based Republic Property Group, and Tony Ruggeri, executive vice president. It will be very interesting to see their Gen Y influence on development. For example, two old — really old, like 200 year old barns from upstate New York will be brought in to Light Farms and incorporated into the community. We know that agriculture is the new golf, as more developers incorporate agriculture and suburbia. Will Light Farms be the place where you can pick your salad and heirloom tomatoes, a North Texas answer to Prairie Crossing?  We will stay tuned.

Candy Evans, founder and publisher of CandysDirt.com, is one of the nation’s leading real estate reporters.

4 Comments

  1. […] truck-loads. The price has been reduced to $3,395,000. Buy it, enjoy the Longhorn for a few years, then sell it to a developer who will build family homes right there. Truth be told, the photos on line simply do not do it justice. This is ranch country, baby, Celina. […]

  2. […] truck-loads. The price has been reduced to $3,395,000. Buy it, enjoy the Longhorn for a few years, then sell it to a developer who will build family homes right there. Truth be told, the photos on line simply do not do it justice. This is ranch country, baby, Celina. […]

  3. […] and enjoy the land. Oh. About the land: the price on this puppy has been reduced to $3,395,000. Let me tell you what I’m thinking: folks are going to be developin’ up here, why not buy…get you 57 plus acres for less than $4 million, an sit tight until the developers come […]

  4. […] and enjoy the land. Oh. About the land: the price on this puppy has been reduced to $3,395,000. Let me tell you what I’m thinking: folks are going to be developin’ up here, why not buy…get you 57 plus acres for less than $4 million, an sit tight until the developers come […]

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