The South Pointe project is finally gaining momentum with the first 258 lots expected to be ready for home builders at the end of February.
The 870-acre project bounded by U.S. 287 on the west and Texas 360 on the east was set aside as a master planned community for more than a decade, but got scuttled by the recession in 2008, said Felix Wong, Mansfield’s director of planning.
“It’s good to see some activity out there that we prepared for almost 10 years ago,” Wong said.
For years, natural gas drilling, hydraulic fracturing and production was the only development taking place on the rural land at Mansfield’s far southeast corner.
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Now, workers are busy cutting a path for the future Lone Star Parkway, a new east to west road that will connect the two highways through the middle of the development. Another major road will be the southern tip of Matlock Road, which will eventually head north to Methodist Mansfield Medical Center.
The progress on South Pointe coincides with the long-awaited extension of Texas 360 main lanes by the North Texas Tollway Authority. The 9.7-mile toll road project is expected to be completed by 2017.
“We’re DFW’s new destination for housing,” said David Branch, director of land development for North Rock Real Estate. “With 360 coming through, it’s opening up that whole area.”
The next two phases will add 180 homes and there are more homes coming in the future, Wong said. The project will have apartments, too.
The homes will range from 2,000 to 5,000 square feet and sell for $250,000 to $500,000, Branch said last year.
Retail hubs are planned on both ends of Lone Star Parkway where it meets U.S. 287 and Texas 360.
The western retail project will be 110 acres and could start by 2018, Branch said. He envisions a grocery store, restaurants and apartments there.
“That will come after the rooftops,” he said.
A decade ago, the very southern tip of South Pointe, where the two highways meet, was planned as an upscale regional shopping destination. For now, that part is still in the planning stages, Branch said.
The Mansfield school district has purchased 89 acres within South Pointe with plans to build four schools, Branch said. The school district is a big draw for home buyers, he said.
Because it’s a master-planned community, South Pointe will have monuments, parks, fountains, tree-lined boulevards and streetlights that follow a central theme. To make sure everything gets maintained, Mansfield set up a Public Improvement District that will put an assessment on every home and apartment in South Pointe.
The Mansfield City Council approved it earlier this month.
Initially, the assessment will be $1,000 per year for every single family home and $120 a year for every apartment. As more homes and apartments are built, the assessment will go down, Wong said.