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.