Shannon Creek Estates will consist of 460 residential units with an average square footage of 1064 sq. ft. per unit situated in the newly created Transit District in Burleson, TX. We plan to construct the project in 5 phases of 92 units per phase over the course of four years. This community will be a great place for seniors looking for low maintenance living as well as professionals looking for a quick commute to Dallas/Fort Worth on the neighboring light rail. Additionally, residents will be able to enjoy Burleson's highly sought after school district. New homes in the area are priced from the mid $100's through $1 Million dollars. Nearby retailers include Target, Home Depot, Wal Mart, Best Buy, Sprint PCS, Kohl's, and Starbucks. These retailers are all located a five mile radius from the site with the closest being Home Depot (1 mile), and Wal Mart (1.5 miles).
When the community is complete, we will retain Lincoln Property Group to manage the property. Lincoln Property Group is a highly recommended local property management company utilized by large REITs and insurance companies that hold real estate in the Dallas/Fort Worth area. We expect each building to be fully leased within thirty days of completion and each phase should be stabilized within 12 months of completion. |