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.