Hines and Trez Capital announced plans for Northspur, a 608-acre master-planned community east of Dallas in the city of Terrell, Texas.
Local city officials joined Hines and members of the project team for an official groundbreaking celebration, marking a pivotal moment in the development of Terrell’s first major master-planned community.
Northspur will consist of approximately 1,500 single-family homes with a variety of lot sizes to accommodate diverse preferences.
The development is meticulously planned to include a range of amenities, including a custom amenity center, which will serve as the central gathering space for residents. Set against the backdrop of a scenic pond, this vibrant community hub will feature a large swimming pool with a dedicated children’s pool area, shaded lounge areas for relaxation and socializing, a playground and an open play area.
The initial phase of Northspur consists of approximately 210 lots, which will be constructed by M/I Homes and Impression Homes. Homes will be an assortment of sizes and styles, with fresh design and innovative craftsmanship. This variety ensures that potential homeowners can find options that suit their unique tastes and needs.
Strategically located adjacent to US-80, Northspur will offer residents the tranquility of suburban living while maintaining easy access to the bustling Dallas-Fort Worth metroplex. This prime location is ideal for individuals and families seeking a peaceful residential setting without sacrificing the benefits of city proximity. The community’s location also provides easy access to local parks, lakes, and other recreational amenities, further enhancing the quality of life for residents.
Hines acquired the land for Northspur in May 2021 and has since been engaged in infrastructure development, including the construction of roads and utilities. The delivery of the first phase of lots is on schedule for the second quarter of 2024, marking a significant milestone in the project’s timeline.
