The Bear Creek Ranch, consisting of 2,055 acres of undeveloped land, is located in Parker County, Texas within a 20-mile radius from downtown Fort Worth. The land consists of rolling Texas native prairie with high elevations offering scenic vistas of the native country side and the city skyline of Fort Worth. There are scenic draws with flowing water and of course Bear Creek crosses a portion of the ranch. This development is located within the acclaimed Aledo school district.
JMJ has preliminary platting on 483 acres out of the 2,055-acre tract. The 438 acres will be improved with 269 lots (averaging 2 acres with onsite water and septic). The land will be developed in 5 Phases. Construction on Phase I will be phased in over the next 16 months and is scheduled to start in May 2019. The average starting sales price will be $150,000 per SFR. The additional 1,517 acres will be master planned for future development. and eventually include more than 1,500 homes. Many of these are planned to be developed to generate a further return similar to the initial allocation or sold to viable regional or national public home builders to add a variety of SFR floorplans and fresh, new curb appeal to enhance the overall attractiveness of the parcel. Proceeds from any sale will be deployed in new, highly attractive alternative real estate development ventures as outlined in the plan.
The Berkowitz property, consisting of 195 acres of undeveloped land, is located in Johnson County within the Venus, Texas ETJ, is within a 30-mile drive from both Dallas and Fort Worth. The principal attractions for the parcel are its quiet neighborhoods and the classic small-town charm.
JMJ has filed preliminary platting on 195 acres for a total of 134 lots. These lots will range from 1-acre to 1.6-acre. Construction will be phased in over the next 12 months and is scheduled to start in May 2019. The average starting sales price will be $75,000 per.
Berkowitz is located in the Venus ISD featuring a small teacher to student ratio providing a distinct educational experience for young families to engage. Venus provides the classic small-town charm with several historical sites and town events to fill any young families calendar.
Northstar, consisting of 65 acres and 128 acres of undeveloped land shall be combined into one master planned development for 667 total lots to be constructed in 4 total phases. The properties are located in Johnson County with a portion of the tract annexed to the City of Venus with balance to be annexed shortly. The project, which is exactly 31 miles from each the two major cities, Dallas and Fort Worth. The City of Venus provides a country feeling with a very comfortable commute to either major metropolitan area.
JMJ has preliminary platting on 41 acres out of the 193-acre tract. The 41 acres will be improved with 211 lots to include a mix of 50’ to 60’ lots. Construction will be phased in over the next 9 months and is scheduled to start in May 2019. The average starting sales price will be $47,500 per SFR. The additional 152 acres will be master planned for future development and eventually include more than 456 homes.
Ridgeview Addition, consisting of 15 acres of undeveloped land, is located in Venus, Texas. is within a 30-mile drive from both Dallas and Fort Worth. The principal attractions for the parcel are its location adjacent to the Venus High School and the classic small-town charm.
JMJ has final platting with completed construction drawings on a total of 54 lots. These lots will all be 50’ by 108’. Construction will be completed over the next 10 months and is scheduled to start in May 2019. The average starting sales price will be $52,500 per SFR.
Parc at Windmill Farms, a 17-building, two-story project containing 272 units and located in Forney, TX (Kaufman County). The proposed project will contain 116 one-bedroom, 120 two-bedroom, and 36 three-bedroom market rate units in 17 residential buildings, plus two clubhouse buildings and two swimming pools. The property will be contained on a single site, approximately 18.45 acres. The development site is zoned PD (Planned Development) and the proposed project is a legal conforming use.
Bellwether Ridge Apartments, a 9-building, garden style project containing 150 units and located in DeSoto, TX (Dallas County). The proposed project will contain 84 one-bedroom and 66 two-bedroom market rate units in nine residential buildings, plus a clubhouse building and detached garages. The property will be contained on a single site, approximately 7.39 acres. The development site is zoned PD (Planned Development) and the proposed project is a legal conforming use.
Villita Towers, a 24-story residential building located at 112-120 Villita Street in downtown San Antonio, Texas. The proposed project will include 224 units with state of the art amenities. The site has superlative positioning on the highly sought after River Walk, this project will set the bar for luxury living in the downtown market. The project features studio, 1 and 2 bedroom units, including top floor penthouses; with amenities including a state of the art workout facility, pool with connecting clubhouse, and restaurant/retail space with river access.