CR 51 & Outer Loop
Incredible opportunity for multifamily developers to complement the rapid growth and provide housing for the new Collin College Celina Campus.
New Outer Loop connection provides immediate access to Preston Road or Dallas Parkway to quickly reach the surrounding cities.
Median household income of $146,405, more than double the national figure, contributes to over $150M in spending within a two-mile radius.
Less than five minutes from One Preston Station, a 240-unit apartment community that is currently under construction.
Lying in an affluent suburban area, CR 51 & Outer Loop presents an incredible opportunity to plant a stake in one of Texas fastest-growing markets. The available tracts are bifurcated by the newly completed Outer Loop connector and are already serviced by sewer and water lines with level ground ready to be developed. For water, there is an 8 line in Lade CT, a 12 line...
Lying in an affluent suburban area, CR 51 & Outer Loop presents an incredible opportunity to plant a stake in one of Texas fastest-growing markets. The available tracts are bifurcated by the newly completed Outer Loop connector and are already serviced by sewer and water lines with level ground ready to be developed. For water, there is an 8 line in Lade CT, a 12 line in Knox St to the West, and a 12 in Old Log Trail. The land does show a flood plain on the FEMA map so a flood study would need to be done prior to development. The agricultural zoning allows for residential or multifamily on the 8.29-acre piece North of the Outer Loop and the 9.3 and 7-acre tracts to the South are open to mixed-use. With the new connection, any developer will find it easy to build a successful asset here with its location in what may very well be, the best-kept secret in Texas.
The two miles surrounding this well-located tract just East of Dallas Parkway have seen its population grow three-fold since 2010 and is expected to inflate by 20% in the next four years. This is no doubt due to the incredible incentives the area offers, for instance, Celinas Gigabit City initiative brought internet to every home, making it the first city in Texas to do so. That and other economic incentives have made this a hotspot for educating young professionals, which spurred Collin College to build their $55M Celina Campus only five minutes away from this site. As residential developers race to meet the population demand with over 10,000 incoming homes surrounding the property, this land provides the perfect inflection point to meet that demand and capitalize on this up-and-coming area.
Nearby housing developments include:
Light Farms 3200 Lots $2 Billion
Mustang Lakes 1720 Lots +550 Acres expansion
Creeks of Legacy 1040 Lots
Cambridge Crossing 1600 Lots $1.2 Billion
Glen Crossing 450 Lot
WILL DIVIDE
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