New lots coming to Newman Village

By Krista Wadsworth



Third phase to start in summer, houses to be built in 2015



A stronger-than-expected new home market in Frisco has caused the Newman family to scramble to keep up with demand in its Newman Village community near Eldorado Parkway and the Dallas North Tollway.



Lots are selling quickly in the Phase 2A and Phase 2B projects, said Jim Newman, president of Newman Real Estate. Phase 2A is already half sold, and Phase 2B is expected to be built out in the next two years, Newman said.



"We waited too late, we sold out of a lot of product, so we had to hurry up Phase 3 so we could get our classical [architectural style] product back online," Newman said. "The market is very strong."



Phase 3 will break ground in June or July, he said. The area, which will be accessed from Legacy Drive, will undergo nearly a year of preparation work to ready the lots for home construction in spring 2015.



"The market just seems to be really good right now," Newman said. "What the housing bubble collapse created was a demand for homes. What happened is that the market collapsed and then everybody held off, not knowing whether to sell or build. After the market came back, it came back very quick, and right now, interest rates are incredibly low."



Homebuilders for the 90-foot-wide lots in Phase 3 include Belclaire Homes and Darling Homes as well as additional custom homebuilders. Houses will start in the $700,000 to $800,000 range.



"Custom lots are what really drive the sale of this neighborhood," said Whitney Newman Brubaker, a Realtor for Newman Real Estate. "It's hard, as Frisco is growing, to find those bigger lots now. Neighborhoods that had those lots available are slowly but surely getting built out."



Newman Village, constructed on the Newman family's homestead property, started in 2008.



There are eventual plans in the development for a Phase 4 of homes, and an additional area for homes the Newman family is calling their "homestead edition," which will be the most expensive homes in the community.



A 27-acre, high-end urban retail development similar to the Shops at Legacy in Plano is also in the neighborhood plan. The area will include shops, restaurants and architecturally unique townhomes.



Newman said the timeline on starting the urban development is four to five years in the future.



"Everything we thought was seven to 10 years out [is occuring quicker]," he said.

By Krista Wadsworth
Krista Wadsworth is the managing editor for Community Impact Newspaper’s DFW editions. After serving as a reporter and then managing editor for a daily newspaper in Northeast Texas, she moved to the DFW area and joined CI as an editor for the Frisco edition, which she helped to launch. Krista was named the DFW managing editor in 2015 and oversees the editorial content for the Frisco, Plano, McKinney, Grapevine|Colleyville|Southlake and Lewisville|Flower Mound|Highland Village editions.


MOST RECENT

Texas Gov. Greg Abbott announced March 2 that mask mandates and business capacity restrictions will be lifted in Texas. (Courtesy Office of the Texas Governor)
Gov. Greg Abbott lifts statewide mask mandate, business restrictions in Texas

With vaccine distribution increasing, Gov. Greg Abbott said "people and businesses don't need the state telling them how to operate." Some local officials are pushing back, saying the relaxed restrictions are coming too early.

Eight|11 Place is located in downtown Frisco. (Courtesy Eight|11 Place)
After brief renovation closure, Eight|11 Place in Frisco reopens

The wine bar and kitchen is known for its pizza, wine and patio in historic downtown Frisco.

Chido Taco Lounge aims to provide "killer tacos" to Frisco and Dallas-Fort Worth diners. (Courtesy Chido Taco Lounge)
Dinner party enthusiast to provide Frisco diners with 'killer tacos'

Chido Taco Lounge is opening its doors in west Frisco.

Frisco ISD swimmers competed in a districtwide meet inside the Bruce Eubanks Natatorium in January. (Courtesy Frisco ISD)
Frisco ISD to replaster natatorium for almost $398,000

Frisco ISD plans to begin replastering the Bruce Eubanks Natatorium starting March 8.

Frisco ISD Assistant Maintenance Director Benny Medcalf (left) and HVAC Supervisor Brent Pauling (right) work to repair a burst water line at Clark Middle School. The pipe, a component of the school’s heating and cooling system, burst during February's frigid temperatures while district campuses were disconnected from the state power grid. (Courtesy Frisco ISD)
Frisco ISD maintenance workers to receive premium pay for storm-related work

Frisco ISD’s board of trustees voted to give time and a half pay to employees who worked onsite during last month’s winter storms.

Vial of COVID-19 vaccine
Frisco vaccine site pulling from Collin County waitlist

The city of Frisco’s COVID-19 vaccine site at Stonebriar Centre mall has begun pulling from the Collin County vaccine waitlist for appointments.

A crew breaking ground on a construction site.
Medical City Frisco breaks ground on new patient tower

Work has officially begun on a new patient tower at Medical City Frisco.

Scooter's Coffee is now open at 1451 E. Buckingham Road in Richardson. (William C. Wadsack/Community Impact Newspaper)
Scooter's Coffee opens in Richardson; Hawaiian Bros restaurant coming to Fort Worth and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

Harvest Hall officially opened Feb. 6 in Grapevine as part of the Grapevine Main development. (Sandra Sadek/Community Impact Newspaper)
Harvest Hall now open in Grapevine, new dining options in Fort Worth and more DFW news from February

Here are some of the top stories from the past month from the Dallas-Fort Worth metroplex.

digital rendering of virus
Collin County Judge Chris Hill rescinds COVID-19 disaster declaration

Collin County’s declaration of local disaster in response to COVID-19 was rescinded Feb. 26 by Judge Chris Hill.

At its peak of power loss, the city had roughly 50,000 homes with interrupted power, many of which had prolonged outages, Plano City Manager Mark Israelson said. (Liesbeth Powers/Community Impact Newspaper)
Plano faces long-term impacts from storm; Collin County vaccine hubs resume service and more DFW-area news

Read the top business and community news from this week from the Dallas-Fort Worth area.

Snow covers I-45 in Houston during a winter storm that hit Texas the night of Feb. 14. (Shawn Arrajj/Community Impact Newspaper)
Legislators probe energy officials over power failures, lack of preparation heading into winter storm

The Texas Legislature held hearings Feb. 25 with energy companies including Oncor Electric Delivery and the Electric Reliability Council of Texas in response to last week’s historic winter storm, which left millions of Texans without electricity for days.