Viridian development enters its next phase
In the heart of the Viridian development, island living will soon be a reality.
No, it won’t feel like a tropical paradise, but it will be surrounded by a lake, have access to trails, an amenities center and sit not far from the historic Bird’s Fort site, which was one of the first Anglo settlements in North Texas.
A bridge to the island is being built and should be completed by December with construction of new homes starting by February 2020, said Robert Kembel, president of Nehemiah Company, the developer of Viridian.
Lots aren’t for sale yet but the island will include about 140 homes ranging in price from $650,000 to $2 million.
Since development began, Viridian has closed on 1,384 homes with an average price of $427,860. So far this year, 45 homes have sold.
Why is this once-empty piece of real estate that sits across from a landfill so popular now?
“You have the highest quality public infrastructure with a location near the airport and entertainment,” Kembel said. “There’s a town plan with open space, trails and abundant wildlife.”
The 2,300-acre development is also designed like communities from decades ago, where it’s walkable with nearby parks and income levels are mixed together, from pricey custom houses to townhomes for young families.
Sections of the development are set aside for senior living and commercial development is planned over the next 10 to 12 years.
Yet the real estate boom over the last decade has probably priced Viridian out of reach for some buyers with the cheapest townhomes selling for around $300,000.
With higher real estate prices, Kembel argues that homeowners should look for homes with smaller lot sizes and square footage where they can still take advantage of the amenities.
“This will still be here a 100 years from now,” Kembel said. “This is built to last and be an asset to the community for decades to come.”