Lexington will be developed by Landon Development, the powerhouse developer behind Richwoods in Frisco off Of Independence. Landon acquired the approximate 173 acres earlier this year and have already submitted preliminary plats for Lexington with the city of Frisco.
At the City of Frisco Planning and Zoning Commission Meeting on April 28th, 2015, the preliminary plat was being discussed concerning Phases 1-6. Commission members Bobby Roberts (Vice Chairperson) and Kevin Hodes (Commissioner) both voiced their concern on the majority North and South facing lots.
They were disappointed wanting more appeal with “curvy” streets. But the developer had a very valid statement on a letter submitted earlier to the city regarding the direction by stating “major factor of North/South lot orientation with today’s energy conscientious consumer,” which is very true!
In that letter the developer states, “The current plan will offer 1.8 acres in open space and parks, including a highly amenitized club house with a wellness center and swimming pool, similar to Richwoods!”
Now that is awesome!
Lexington will be Gated with 3 gates, and initially start out with a total of 8 Phases and 634 lots. Landon Development did purchase another approximate 134 acres from Brinkmann in July of 2015 that most likely will be additional phases to Lexington. This new tract of land is located South of the current phases and continues down to Main Street.
The developer has been in touch with FISD regarding a school site on the property and the location will be at the North East corner of Lexington.
The surrounding land around Lexington on Coit Road and Eldorado Parkway, has been retained by Brinkmann for the current zoning of light retail. This is vital considering the amount of new homes being built in and around Lexington. Commercial normally comes after residential development.
Phases and Lots in Lexington
Centrally located, Phases 1-6 will consist of 502 lots and broken into three different standard lot sizes. 140 lots will be in the 65 foot wide by 115 foot deep. 208 lots will be 70 foot wide by 100 foot deep. 154 lots will be 74 foot wide by 120 foot deep. There will always be irregular shaped lots in any community which will not fall within those dimensions.
I couldn’t be happier with the builders that Landon Development has selected! All 4 builders are very well known and deliver absolutely stunning new homes.
My best guess is as follows on which builders will be building in which section of lots.
K Hovnanian Homes and Landon Homes will be in the 65’s. Landon Signature will be in the 70’s, 74’s and 90’s. Shaddock Homes will be in the 70’s or 74’s. And Toll Brothers will definitely be in the 90’s and possibly 74’s.
Again, that’s MY guess!
Landon plans to offer an “empty nester” product that I think will be very successful and is needed in Frisco!
The goal to start pre sale will be in the middle of 2016, but you never know in residential development.
What we do know is that Lexington has a lot of many positive attributes going for it (from location, builders, amenities, lot sizes and being gated) and will be one of the most highly sought after communities in Frisco
Brad Holden – Holden New Homes – Licensed Texas Real Estate Broker