The Painted Tree residential development spans over 1,100 acres north of US 380 near Lake Forest Drive. Its master plan includes 3,400 residences as well as a trail system and a lake. Earlier this year, McKinney City Council agreed to annex an additional 613 acres into the city, with which Painted Tree could develop residential, multifamily and potentially commercial use.
Atlanta-based Davis Development will be responsible for developing the new luxury multifamily housing coming to Painted Tree, a news release stated. The community will open in two phases starting in 2022. The apartments will be built as three- to four-story interior corridor buildings with elevators and upscale amenities, the release stated.
“The inclusion of multifamily housing at Painted Tree allows us to offer a broad range of home options that best accommodate what our residents are looking for in North Texas,” said Tom Woliver, co-president and founder of Oxland Group, in the release. “Davis Development has been a terrific partner in ensuring we continue to offer the best housing and amenity packages for future residents.”
The multifamily community will include a clubhouse with lounge areas with televisions and games, a demonstration kitchen, a coffee and hot tea bar, a two-story fitness center, a golf simulator lounge, a pet spa, a movie theater, a bike storage and repair room, and more. Additional outdoor amenities include a dog park, a car care center, grill stations, courtyards, and two resort-style pools with Wi-Fi and cabanas. More information about Davis Development can be found by visiting www.davisdevelopment.com.
In addition to apartments, Painted Tree will also feature build-to-rent neighborhoods, one from Avanta Residential and the other from Curve Development. Curve Development’s neighborhood will be called Cyrene at Painted Tree and will be located directly on US 380 with “immediate access to US 75,” Curve Development’s website states. Cyrene at Painted Tree will be a gated neighborhood designed with three- and four-bedroom homes including attached two-car garages and private backyards. The website states 304 homes will be placed on 46 acres. Leasing for these homes is projected to start in late 2022.
More information about the Painted Tree residential neighborhood can be found by visiting www.paintedtreetx.com.
